Female marriage-related migration from less-developed nations to high-income ones is rapidly rising in Asia. Using a unique dataset based on the South Korean Youth Risk Behavior Survey, we examine the effects of social support on reducing suicidal ideation in the children with foreign-born...

A number of studies on the S&P 500 index options market claim that the no arbitrage assumption cannot be rejected for this market because either the martingale restriction defined in Longstaff (1995) cannot be rejected by the data, or, even when it is rejected, a large proportion of the...

This is the first study to examine the intraday price discovery and volatility transmission processes between the Singapore Exchange and the China Financial Futures Exchange. Using one- and five-minute high-frequency data from May to November 2011, we found that China's CSI 300 index futures...

This study comprehensively examines the economic and financial drivers of volatility changes in terms of a cross-country perspective. We exhaustively review a wide range of studies related to financial volatility forecasting and collect a diverse set of prediction variables. By analyzing them...

We examine how corporate cash holdings have evolved over time and how they have been valued by shareholders after the unexpected exogenous shocks caused by the COVID-19 pandemic. Consistent with the precautionary motive of cash, we find that firms reserve more cash and the marginal value of cash...

As being unbanked is one of the motivations for using cryptocurrency, this study analyzes the financial inclusion of unbanked individuals that results from the use of peer-to-peer cryptocurrency transactions. By extending the Kiyotaki-Wright model, we construct a dual- currency economy in which...

The COVID-19 pandemic has led global investors to draw a parallel between pandemics and climate risk, focusing their attention on climate risk. We examine COVID-19’s effect on investors’ awareness of climate risk by analyzing novel trading data for Korean listed firms that include investor...

As being unbanked is one of the motivations for using cryptocurrency, this study analyzes the financial inclusion of unbanked individuals that results from the use of peer-to-peer cryptocurrency transactions. By extending the Kiyotaki-Wright model, we construct a dual-currency economy in which...