In this paper, we examine the time-varying tail risks transmission among the agricultural, precious metals, and energy commodities markets, and explore how climate change concerns affect this connectedness. Using the Conditional Autoregressive Value-at-Risk (CAViaR) model and the time-varying...

The spread of Covid-19 has raised questions about the progress toward sustainable development goals. Many nations have seen a fast surge in non-tariff measures used to safeguard public health during the epidemic. Non-tariff measures, as the role of trade policy instruments, can reflect the...

Since Roll (The Journal of Finance 47(1):3-41, 1992) and Heston and Rouwenhorst (Journal of Financial Economics 36:3-27, 1994), there has been a debate whether country factors in international stock returns are typically more variable than sector factors. The addition of emerging markets (EMs)...

The paper offers a general overview of the situation and examines the actual impact of foreign capital on the economy of the Kingdom of Yugoslavia in general, and the Serbian economy in particular, during the entire interwar period. Special attention is paid to the methods in which banks in...

We study economic growth in four emerging economies - Brazil, Russia, India, and China (BRIC). Questions addressed are: (a) How do medium term growth determinants differ from short term determinants? (b) What are differences between growth effects of aggregate versus disaggregated exports? And...

A fundamental reversal of the traditional fertility-development relationship has occurred in highly developed countries so that further socioeconomic development is no longer associated with decreasing fertility, but with increasing fertility. In this paper, we seek to shed light on the...