The European Journal of Finance最新文献_第7页

Bank market power and interest rate setting: why consolidated banking data matter 银行市场力量和利率设定:为什么合并银行数据很重要

The European Journal of Finance Pub Date : 2023-09-04 DOI: 10.1080/1351847x.2023.2250379

Théo Nicolas

引用次数: 0

A Hawkes process analysis of high-frequency price endogeneity and market efficiency 高频价格内生性与市场效率的霍克斯过程分析

The European Journal of Finance Pub Date : 2023-09-04 DOI: 10.1080/1351847x.2023.2251531

Jingbin Zhuo, Yufan Chen, Bang Zhou, Baiming Lang, Lan Wu, Ruixun Zhang

引用次数: 0

Brexit and coronavirus: financial perspectives and future prospects 英国脱欧和冠状病毒:财务前景和未来前景

The European Journal of Finance Pub Date : 2023-08-30 DOI: 10.1080/1351847X.2023.2249961

Rakesh K. Bissoondeeal, J. Binner, C. Milas

{"title":"Brexit and coronavirus: financial perspectives and future prospects","authors":"Rakesh K. Bissoondeeal, J. Binner, C. Milas","doi":"10.1080/1351847X.2023.2249961","DOIUrl":"https://doi.org/10.1080/1351847X.2023.2249961","url":null,"abstract":"The economic landscape of the UK has been significantly shaped by the intertwined issues of Brexit, COVID, and their interconnected impacts. The disruptions caused by Brexit and the COVID pandemic have created uncertainty and upheaval for both businesses and individuals. Whilst the effects of COVID are now receding, Brexit is still dominating headlines seven years after the referendum and is likely to do so for the foreseeable future. In this introduction, we provide an overview of the literature on Brexit. We review the reasons for leaving the European Union, as well examine the consequences of Brexit, with a focus on investment, economic growth, trade, unemployment, and financial markets. We then introduce the seven papers selected from the ‘Post Brexit: Uncertainty, Risk Measurement and Coronavirus Challenges Conference’ held at Birmingham Business School in June 2021, that advance the current literature on the effects of Brexit and COVID on the UK economy. Evidence in these papers suggests that Brexit and COVID are still clearly posing a severe strain on the UK’s economy. However, some papers suggest that not everything about Brexit has been detrimental, or at least certain sectors of the UK economy are displaying a marked resilience.","PeriodicalId":22468,"journal":{"name":"The European Journal of Finance","volume":"82 1","pages":"1825 - 1834"},"PeriodicalIF":0.0,"publicationDate":"2023-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84092088","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Portfolio allocation and borrowing constraints 投资组合配置和借款限制

The European Journal of Finance Pub Date : 2023-08-24 DOI: 10.1080/1351847x.2023.2241528

Raslan Alzuabi, Sarah Brown, Daniel Gray, M. Harris, Christopher Spencer

{"title":"Portfolio allocation and borrowing constraints","authors":"Raslan Alzuabi, Sarah Brown, Daniel Gray, M. Harris, Christopher Spencer","doi":"10.1080/1351847x.2023.2241528","DOIUrl":"https://doi.org/10.1080/1351847x.2023.2241528","url":null,"abstract":"We explore the empirical relationship between borrowing constraints and household ﬁnancial portfolio allocation. To motivate our analysis we develop a mean-variance model of portfolio allocation with three tradable asset classes deﬁned by increasing risk, and establish a link between borrowing restrictions and ﬁnancial portfolio allocation at the household level. Under non-restrictive assumptions the proportion of wealth allocated to the medium-risk asset is ambiguous. We also demonstrate that in the presence of both correlated background risk and borrowing constraints the domain of the non-binding risk-return space will be a function of background risk. We then analyse the US Survey of Consumer Finances with a view to empirically exploring the predictions of our theoretical framework. The distribution of medium-risk assets in US households is remarkably similar to that for high-risk assets, and suggests the presence of a more general ‘risk puzzle’, which our proxies for borrowing constraints partially explain. Our ﬁndings indicate that such constraints are inversely related to the proportion of ﬁnancial wealth allocated to both high-risk and medium-risk assets, but are positively related to low-risk asset holdings. In light of our ﬁndings, further work aimed at accounting for the allocation of medium-risk assets in US households is considered expedient. it would also be unable to handle boundary observations of 0 or 1 shares; and would likely embody heteroskedasticity in u ij . We have also explored the use of a multi-nominal fractional response model, see for example, Becker In this setting, the inherent risk ordering of asset classes is not accounted for in the estimation strategy, instead the multi-nominal probit model is used as the foundation of the estimation strategy. We obtain similar results to those presented when we adopt this alternative modelling strategy.","PeriodicalId":22468,"journal":{"name":"The European Journal of Finance","volume":"5 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-08-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87819927","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Assessing systemic risk spillovers from FinTech to China’s financial system 评估金融科技对中国金融体系的系统性风险溢出效应

The European Journal of Finance Pub Date : 2023-08-07 DOI: 10.1080/1351847x.2023.2244008

Maoxi Tian, R. Khoury, N. Nasrallah, Muneer M. Alshater

引用次数: 1

The impact of corruption on investment and financing in the European Union: new insights 腐败对欧盟投资和融资的影响:新见解

The European Journal of Finance Pub Date : 2023-08-02 DOI: 10.1080/1351847x.2023.2240846

J. Farinha, Óscar López-de-Foronda

引用次数: 1

Trading patterns in the bitcoin market 比特币市场的交易模式

The European Journal of Finance Pub Date : 2023-08-02 DOI: 10.1080/1351847x.2023.2241883

Anqi Liu, Hossein Jahanshahloo, Jing Chen, Arman Eshraghi

引用次数: 0

Risk in the cryptocurrency markets: the role of structural breaks and fat-tailed distributions in estimating value-at-risk and expected shortfall 加密货币市场的风险:结构性断裂和厚尾分布在估计风险价值和预期缺口中的作用

The European Journal of Finance Pub Date : 2023-08-02 DOI: 10.1080/1351847x.2023.2241516

Saswat Patra, N. Gupta

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Information search costs and trade credit: evidence from high-speed rail connections 信息搜索成本与贸易信用:来自高铁连接的证据

The European Journal of Finance Pub Date : 2023-08-02 DOI: 10.1080/1351847x.2023.2241539

Haijie Huang, Steven Xianglong Chen, Edward A. Lee, Dongdong Li

引用次数: 0

Hedging quantitative easing 对冲量化宽松

The European Journal of Finance Pub Date : 2023-07-27 DOI: 10.1080/1351847x.2023.2224832

A. Melia, Xiaojing Song, M. Tippett, John van der Burg

引用次数: 0