We analyse transactions data of four buy now pay later (BNPL) platforms on credit cards and debit cards at a major Australian financial institution over the period from January to December 2021, finding that approximately 40% of BNPL users operate more than one BNPL account. Relative to...

The world economy is being destabilized by the COVID-19 pandemic. Quarantine restrictions, starting in 2020, cause a negative trend in the development of small and medium-sized businesses. It is small business that creates 65% of the gross national product and ensures market competition. The...

This paper empirically examines how fiscal instability affects financial instability. According to an IMF forecast (2021a), the fiscal space in Korea will be steadily reduced in the future. The theoretical literature predicts that if fiscal stability is undermined, financial stability will also...

This paper studies for the first time the links between interbank liability and equity markets (financial exposure), and mergers and acquisitions (M&As) in the European banking sector, both at the micro and macro level. Using a binary logit model, the paper first examines – at the micro level...

English abstract: The purpose of this study is to reveal the empirical causal relationship between the variables that affect the profit rates distributed to deposits at participation banks. In this study, monthly data for the period 2002:M01-2022:M02 were used in order to reveal the variables...

This paper analyzes global interest in internet information about decentralized finance (DeFi), embedded finance (EmFi), open finance (OpFi), ocean finance (OcFi) and sustainable finance (SuFi) and the relationship among them. The findings reveal that global interest in internet information...

This study takes Cyprus as a case country to examine the role of financial literacy for financial resilience in the pandemic period. Responses to the survey questions to assess the level of financial literacy show that in 2021 less than 4 out of 10 respondents had a good financial knowledge...

Design/methodology/approach: We employ machine-learning tools to build a happiness function and integrate it in an agent-based model to test for the direct and indirect welfare effects of implementing Islamic banking principles. Purpose : We model the benefits of Islamic banking on the...

We find evidence that bank capital matters for the distribution of future GDP growth but not its central tendency. Growth in the aggregate bank capital ratio compresses the tails of expected GDP growth, a relationship that is particularly robust in reducing the probability of the worst GDP...

Corporate credit lines are drawn more heavily when funding markets are more stressed. This covariance elevates expected bank funding costs. We show that credit supply is inefficiently dampened by the associated debt-overhang cost to bank shareholders. Until 2022, this impact was reduced by...