The analysis of debt and equity mutual fund flows identifies the presence of seasonality factors. The expected flows indicate stable investment interplay by mutual funds whereas the unexpected flows identify the presence of short-term volatility. The examination of whether positive feedback...

‘Time’ and ‘value’ are the huge assets used by banks in risk management. This paper investigates the time-varying impact on the value of banks’ asset-liability positions to the macroeconomic fluctuations in the bank risk factors, such as interest rate risk, credit risk, foreign...