The globalization and digitalization of cultural markets presents formidable challenges for local cinema and storytelling. The essays in this collection address some of these challenges from the perspective of a critical political economy of local cinema. Inspiring these contributions is the...

In 2020, the G20 proposed a solution for the debt-related issues affecting the world's poorest countries due to the COVID-19 pandemic. However, their initiatives have failed to meet their objectives. The author argues that the reason for this failure is the inability to bring sovereign countries...

We present a derivative pricing and estimation methodology for a class of stochastic volatility models that exploits the observed 'bursty' or persistent nature of stock price volatility. Empirical analysis of high-frequency S&P 500 index data confirms that volatility reverts slowly to its mean...

This study examines relations between stock returns and potential explanatory factors in Korea, an important and segmented emerging market. Our results show that Korean stock returns in general and returns on stocks listed in Section 1 in particular are significantly positively related to...

In the context of the review of the EU economic governance framework, this study recommends a multi-year ahead expenditure rule anchored in an appropriate public debt target, augmented with an asymmetric golden rule that provides extra fiscal space only in times of a recession. An improved...

The global economic crisis of 2008-2009 had a serious impact on the Economic and Monetary Union. As a result of the crisis, member states decided to launch significant reforms with the primary aim of strengthening the European Economic Governance. The aim of the paper is to provide a general...

In this paper there were two types of international financial adjustment patterns identified: type-A, where highly independent monetary policy and low domestic currency stability was the preferred path; and type-B, where monetary policy independence was given up and currency stability was...

After 2004, more than half of the 13 countries that joined the EU, 7 have already joined the eurozone, too, while 6 countries, including Romania and Hungary, the subject of our research have not yet to join. Moreover, apart from some press releases it does not even seen when Prage, Warsaw,...

How China will contribute to global governance has become a critical question in international relations, amplified by the linkages between the Covid-19 pandemic, escalating geopolitical contest and multilateralism in crisis. China has been doubling down on its authoritarian model of domestic...

We investigate whether the European Union can be considered as a convergence machine after the 2008/ 2009 financial crisis. To do so, we econometrically test the relationship between the per capita GDP growth rate and macroeconomic variables in the period of 2004–2018, further subdivided into...