The fierce competition in the banking industry compels banks to take more risks in order to maximize their profit. Since the introduction of regulation into the banking industry, banks have considered that whatever its type, regulation represents an obstacle to their main objective, namely...

We perform non-linearity tests using daily data for leading currencies that include the Australian dollar, British pound, Brazilian real, Canadian dollar, euro, Japanese yen, Mexican peso, and the Swiss franc to resolve the issue of whether these currencies are driven by fundamentals or...

Over the last decade the airline industry has experienced extreme financial adversity. Whilst external low probability but high impact factors have been partially to blame some airlines have done worse than others. Predicting differences in airlines' financial performance is of interest for...

In this article we provide a summary of empirical results obtained in several economics and operations research papers that attempt to explain, predict, or suggest remedies for financial crises or banking defaults; we also outline the methodologies used in them. We analyze financial and economic...

In this article we provide a summary of empirical results obtained in several economics and operations research papers that attempt to explain, predict, or suggest remedies for financial crises or banking defaults, as well as outlines of the methodologies used. We analyze financial and economic...

During the Global Financial Crisis of 2007-2009, the price of crude oil dropped markedly from about $140 per barrel in June 2008 to about $40 in early 2009. As Quantitative Easing allowed the U.S. economy to stabilize and return to slow growth, oil prices increased and averaged about $100 during...

The paper aims to assess, from an empirical viewpoint, the advantages of a stablecoin whose value is derived from a basket of underlying currencies, against a stablecoin which is pegged to the value of one major currency, such as the dollar. To this aim, we first find the optimal weights of the...

Environmental, Social, and Governance (ESG) signals are an important part of factor-based investing strategies as they can stem from the same economic rationales as general factor premiums. Because factors are broad and diversified, building portfolios by jointly optimizing factor exposures with...

This paper examines the question of global coordination among financial regulators through the lens of network effects. It introduces and surveys three unique kinds of network effects which can be created by the adoption of a global financial regulatory standard: (a) network effects in the...

This paper examines the question of global coordination among financial regulators through the lens of network effects. It introduces and surveys three unique kinds of network effects which can be created by the adoption of a global financial regulatory standard: (a) network effects in the...