Tracking market and non-traditional sources of risks in procyclical and countercyclical hedge fund strategies under extreme scenarios: a nonlinear VAR approach [0.03%]
基于非线性VAR方法的对冲基金周期性及逆周期性策略下的极端情景风险跟踪及非传统风险管理研究
François-Éric Racicot,Raymond Théoret
François-Éric Racicot
The subprime crisis was quite damaging for hedge funds. Using the local projection method (Jordà 2004, 2005, 2009), we forecast the dynamic responses of the betas of hedge fund strategies to macroeconomic and financial shocks-especially vo...
Do biometric payment systems work during the COVID-19 pandemic? Insights from the Spanish users' viewpoint [0.03%]
新冠疫情下生物识别支付系统能否正常工作？来自西班牙用户的见解
Francisco Liébana-Cabanillas,Francisco Muñoz-Leiva,Sebastián Molinillo et al.
Francisco Liébana-Cabanillas et al.
Technological developments are changing how users pay for goods and services. In the context of the COVID-19 (coronavirus disease 2019) pandemic, new payment systems have been established to reduce contact between buyer and seller. In addit...
N Blasco,P Corredor,N Satrústegui
N Blasco
This paper analyses the herding behaviour among exchanges around the expiration of bitcoin futures traded on the Chicago Mercantile Exchange (CME). The database extends from December 2017 to October 2020, taking as a reference the main exch...
Did green debt instruments aid diversification during the COVID-19 pandemic? [0.03%]
新冠肺炎疫情期间绿色债务工具有助于促进多样化吗？
Paresh Kumar Narayan,Syed Aun R Rizvi,Ali Sakti
Paresh Kumar Narayan
Faced with a persistent pandemic, investors are concerned about portfolio diversification. While the literature on COVID-19 has evolved impressively, limited work remains on diversification opportunities. We contribute to the literature by ...
Pandemic or panic? A firm-level study on the psychological and industrial impacts of COVID-19 on the Chinese stock market [0.03%]
大流行还是恐慌？关于新冠病毒对中国股市的心理和工业影响的公司层面研究
Qiuyun Wang,Lu Liu
Qiuyun Wang
This study presents a thorough investigation of the relationship between the coronavirus disease 2019 (COVID-19) and daily stock price changes. We use several types of COVID-19 patients as indicators for exploring whether stock prices are s...
Eddie C M Hui,Ka Kwan Kevin Chan
Eddie C M Hui
This study applies OLS, panel regression and Granger causality test to investigate the impact of the Coronavirus disease 2019 (Covid-19) outbreak on the global equity markets during the early stage of the pandemic. We find that the Covid-19...
Operational risk assessment of third-party payment platforms: a case study of China [0.03%]
我国第三方支付平台的操作风险评估：以支付宝为例
Yinhong Yao,Jianping Li
Yinhong Yao
Operational risk events have severely impacted the development of third-party payment (TPP) platforms, and have even led to a discussion on the operational risk capital charge settlement by relevant international regulators. However, prior ...
Cue the volatility spillover in the cryptocurrency markets during the COVID-19 pandemic: evidence from DCC-GARCH and wavelet analysis [0.03%]
数字货币市场的波动溢出效应：来自DCC-GARCH和小波分析的证据
Onur Özdemir
Onur Özdemir
This study investigates the dynamic mechanism of financial markets on volatility spillovers across eight major cryptocurrency returns, namely Bitcoin, Ethereum, Stellar, Ripple, Tether, Cardano, Litecoin, and Eos from November 17, 2019, to ...
Factors affecting consumer acceptance of electronic cash in China: an empirical study [0.03%]
影响中国消费者接受电子货币的因素：实证研究
Bo Qu,Li Wei,Yujia Zhang
Bo Qu
This paper proposes and validates a comprehensive model of consumer acceptance in the context of offline e-cash payment. It modifies the unified theory of acceptance and the use of technology model (UTAUT) with constructs of perceived secur...
José Campino,Ana Brochado,Álvaro Rosa
José Campino
Recent literature has addressed initial coin offering (ICO) projects, which are an innovative form of venture financing through cryptocurrencies using blockchain technology. Many features of ICOs remain unexplored, leaving much room for add...