Nonlinear tail dependence in cryptocurrency-stock market returns: The role of Bitcoin futures
Egalitarianism and the democratic deconsolidation: Is democracy compatible with socialism?
The unprecedented reduction in popular support for democracy represents a risk of democratic deconsolidation. The new situation echoes old debates on the compatibility of democracy with capitalism and socialism.
The cost of banking crises: Does the policy framework matter?
This paper empirically investigates how the stringency of monetary, fiscal and exchange rate policy frameworks impacts the expected cost of banking crises.
Co-movement of COVID-19 and Bitcoin: Evidence from wavelet coherence analysis
We apply wavelet methods to daily data of COVID-19 world deaths and daily Bitcoin prices from 31th December 2019 to 29th April 2020. We find, especially for the period post April 5, that levels of COVID-19 caused a rise in Bitcoin prices.
Exchange rate policy and external vulnerabilities in Sub-Saharan Africa: nominal, real or mixed targeting?
Green finance and the restructuring of the oil-gas-coal business model under carbon asset stranding constraints
Les conflits d’intérêts à l’épreuve des lanceurs d’alerte
An essential issue for risk managers is their ability to issue alerts about organizational risks and make them heard at the governing level. This question is addressed both theoretically and managerially by drawing on case studies in the insurance industry.