Economic Shocks and Democratic Consolidation: Historical Evidence from Party-Level Electoral Volatility in France
The emergence of a stable party system is a central aspect of democratic consolidation. Building a novel historical dataset, we analyze how economic growth affected the party-level electoral volatility during the consolidation of the French democracy over the Third Republic (1870-1940).
Gold and CoVid-19: Uncovering the safe haven hypothesis with dynamic MSR modeling
During the catastrophic Covid-19 era, numerous assets experienced a decline in their original values, leaving the financial community grappling with the implications of the pandemic.
How to ‘Trump’ the energy market: Evidence from the WTI-Brent spread
Donald Trump’s use of Twitter was unprecedented. Many of Trump’s strong statements in reference to the U.S. oil & gas industry were intended to advertise his domestic policy agenda aimed at supporting re-industrialization and investment.
Regards croisés sur l'alternance
Shift contagion and minimum causal intensity portfolio during the COVID-19 and the ongoing Russia-Ukraine conflict
Using the TYDL causality test, this paper attempts (i) to investigate the existence of shift contagion among a large spectrum of financial markets during recent stress and stress-free periods and (ii) to propose a new approach of portfolio management based on the minimization of the causal in- te
SME internationalisation: Do the types of innovation matter?
Investor heterogeneity and negative skewness in stock returns: Evidence from institutional investors?
We examine the relation between the probability of future stock price crash and investors’ investment horizons. Using negative skewness as a proxy for firm-specific crash risk, we document a positive association between institutional ownership and stock price crash risk.