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Environmental risk analysis (ERA) in the strategic asset allocation (SAA) of the international reserves (IRs) managed by central banks (CBs)

Torinelli, Viviane Helena; Silva Júnior, Antônio Francisco - In: Latin American journal of central banking : LAJCB 2 (2021) 1, pp. 1-17

This study addresses how to consider environmental risk analysis (ERA) in the strategic asset allocation (SAA) of … evaluation of the environmental risk exposure of an investment portfolio, compatible with the investor profile of the CBs. Thus …, IRs investments will be more resilient to environmental and climate risk exposure. The framework discussed in this paper …

Persistent link: https://www.econbiz.de/10012545864

The spillover effects of economic policy uncertainty in Latin America on the Spanish economy

Ghirelli, Corinna; Pérez, Javier J.; Urtasun, Alberto - In: Latin American journal of central banking : LAJCB 2 (2021) 2, pp. 1-39

We construct economic policy uncertainty (EPU) indexes for a number of Latin American (LA) economies (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela) and the region as a whole, based on reports in the Spanish press. Our measures are comparable across countries. We study the...

Persistent link: https://www.econbiz.de/10012545889

Consumers' perception of risk towards artificial intelligence technologies used in trade : a scale development study

Aytekin, Pinar; Virlãnutã, Florina Oana; Guven, Huseyin; … - In: Amfiteatru economic : an economic and business research … 23 (2021) 56, pp. 65-86

literature, the Artificial Intelligence Technologies Used in Trade Risk Perception Scale (AITUTRPS) was developed. …

Persistent link: https://www.econbiz.de/10012821085

Does environmental degradation-led remittances flow? : nexus between environmental degradation, uncertainty, financial inclusion and remittances inflows in India and China

Qamruzzaman, Md. - In: International Journal of Energy Economics and Policy : IJEEP 13 (2023) 2, pp. 9-26

Persistent link: https://www.econbiz.de/10014250935

Measuring systemic governmental reinsurance risks of extreme risk events

Hadad, Elroi; Shusi, Tomer; Yosef, Rami - In: Risks : open access journal 11 (2023) 3, pp. 1-14

much money should a government hold to prepare for natural or human-made extreme risk events that the government will cover …? Although the ruin theory is commonly used for extreme risk events, we suggest a new risk measure to deal with such events in a … new framework based on multivariate risk measures. We analyze the results for the log-elliptical model of dependent claims …

Persistent link: https://www.econbiz.de/10014246287

Hedging potentials of green investments against climate and oil market risks

Adediran, Idris A.; Swaray, Raymond; Orekoya, Aminat O.; … - In: Fulbright review of economics and policy 3 (2023) 1, pp. 49-73

) approach to evaluating the hedging effectiveness of clean energy stocks. The out-of-sample forecast evaluations of the oil risk …-based and climate risk-based clean energy predictive models are explored using Clark and West's model (2007) and a modified … evidence that clean energy stocks may hedge against oil market risks. This result is robust to alternative measures of oil risk …

Persistent link: https://www.econbiz.de/10014310571

Demand for money in Greece after Euro area and policy uncertainties

Ongan, Serdar; Gocer, Ismet - In: Review of Economic Analysis : REA 15 (2023) 1, pp. 49-62

This study examines the asymmetric effects of uncertainties in monetary policy on the demand for money in Greece. In doing so, it introduces and uses the monetary policy uncertainty (MPU) index, which can probably be a very appropriate and robust explanatory variable in demand-for-money models....

Persistent link: https://www.econbiz.de/10014310223

The effect of US uncertainty shock on international equity markets : the role of the global financial cycle

Salisu, Afees A.; Gupta, Rangan; Adediran, Idris A. - In: Review of Economic Analysis : REA 15 (2023) 2, pp. 139-159

We contribute to the literature on the international propagation of uncertainty shocks with a Global Vector Autoregressive (GVAR) model that quantifies the spillover effects of uncertainty shocks in the US on to real equity prices of 32 advanced and emerging countries (besides the US). In this...

Persistent link: https://www.econbiz.de/10014310354

The influence of ESG ratings on idiosyncratic stock risk : the unrated, the good, the bad, and the sinners

Horn, Matthias - In: Schmalenbach journal of business research : SBUR 75 (2023) 3, pp. 415-442

idiosyncratic risk. The main analysis covers 898,757 company-month observations of US stocks in the period from 1991 to 2018 and … controls for stocks' exposure to liquidity, mispricing, innovations in volatility risk, investor sentiment, and analysts …' forecast divergence. The main finding is that the receipt of an ESG rating decreases idiosyncratic stock risk. The effect is …

Persistent link: https://www.econbiz.de/10014491687

Heterogeneous effect of uncertainty on corporate investment : evidence from listed Korean firms

Kim, Cheonkoo; Park, Jungsoo; Park, Donghyun; Tian, Shu - In: International journal of empirical economics 2 (2023) 4, pp. 1-26

In this study, we analyse the effect of financial uncertainty on corporate investment using firm-level panel data from the Republic of Korea. We find that financial uncertainty has a significant negative effect on corporate investment, and that the effect is heterogeneous across firms of...

Persistent link: https://www.econbiz.de/10014491718