We explore optimal hedge ratios and hedging effectiveness for the German electricity market. Given the increasing attention that wavelets received in the financial market, we concentrate on the investigation of the relationship, covariance/coherence evolution and hedge ratio analysis, on a...

This study aims to assess the effect of financial inclusion and competitiveness on banks’ financial stability, considering the moderating role of financial regulation. To do so, we compare the effects of these variables in Sub-Saharan African (SSA) and Latin American and Caribbean (LAC)...

The international comovement of stock market indices is reviewed. The most powerful argument for cross-border investing is the risk reduction due to low correlation of world's stock markets. Diversifying risk has become even more important as financial markets globalize, helped by advanced...