The North American Journal of Economics and Finance

1992 - 2025

Continuation of North American Review of Economics and Finance.

Current editor(s): Hamid Beladi

From Elsevier
Bibliographic data for series maintained by Catherine Liu ().

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Volume 80, issue C, 2025

Do oil price changes contain useful predictive information about the U.S. bear stock market?

Wei-Ming Lee and Shue-Jen Wu

The role of international and domestic investors in international market information spillover effects: Evidence from interconnected multilayer networks

Songsong Li, Hao Xu, Piet Sercu, Nan Xu and Yiwa Xu

Forecasting Value-at-Risk and Expected Shortfall using penalized quantile regressions with mixed-frequency data

Lu Li, Degao Li, Li Liu and Linjun Tang

Financial literacy, human capital and long-run economic growth

Alberto Bucci, Riccardo Calcagno, Simone Marsiglio and Tiago Neves Sequeira

A runs test for stock-market prices with an unobserved trend

Nils Herger

Foreign exchange option pricing with a three-factor Heston model with regime switching and stochastic interest rate

Xin-Jiang He and Sha Lin

The neo-Fisherian effect in a new Keynesian model with real money balances

Daisuke Ida

Fiscal rules, inflation and monetary policy: International evidence

Gabriel Caldas Montes and João Dantas

Catastrophe risk with global climate change determines the price of catastrophe equity puts

Ming-Che Chuang, Hong-Chih Huang, Shih-Feng Huang and Shih-Kuei Lin

Understanding the connectedness between US traditional assets and green cryptocurrencies during crises

Nikolaos Kyriazis and Shaen Corbet

Spillover effects of clean energy risks and the impacts of economic policy uncertainty on the stability of the equity market: A dependence dynamics analysis

Ching-Chi Hsu and Wei-Che Tsai

Is energy risk scale Invariant? evidence from crude oil futures

Klaus Grobys

Superiority of ESG-oriented portfolios in Taiwan stock market: Quantile-on-quantile with GARCH approach

Hao-Wen Chang, Pei-Yu Chi and Chin-Ho Lin

Portfolio diversification amid economic uncertainty in Pakistan: empirical evidence from the quantile-on-quantile approach

Hassan Zada, Naveed Khan, Mobeen Ur Rehman, Xuan Vinh Vo and Wafa Ghardallou

Geopolitical risk, herd behavior, and cryptocurrency market

Phasin Wanidwaranan, Jutamas Wongkantarakorn and Chaiyuth Padungsaksawasdi

Real estate as an inflation hedge: new evidence from an international analysis

Jan Muckenhaupt, Martin Hoesli and Bing Zhu

Institutional opening of capital market and stock price Bubble: Evidence from China

Shaojun Zhang and Xuerui Ping

Geography of corporate networks and housing price spillovers: evidence from U.S. States

Jeongseop Song

Happiness and stock market participation

Huang Wenyan

Risky finance, riskier climate: when financial instability meets climate risks on the bridge of sustainability uncertainty

Brahim Gaies

Can volatility spread fully capture the put–call parity violation?

Shican Liu and Songping Zhu

Can extreme weather forecasts lead to a risk premium? Evidence of a non-linear response in U.S. natural gas futures

Manou Monteux, Maria Cristina Arcuri, Gino Gandolfi and Stefano Caselli

The diminishing marginal effect of the capital adequacy ratio on the control of bank risk-taking

Wenlong Miao, Yuxian Ma and Haoran Xu

Quantile on quantile connectedness between safe-haven assets and stock markets: a portfolio risk perspective

Walid Mensi, Mohamed Amine Nabli, Mouna Guesmi, Houssem Eddine Belghouthi and Sang Hoon Kang

Who A(m) I? exploring quantile frequency connectedness in emerging AI and IoT token markets

David Y. Aharon, Shoaib Ali and Muhammad Naveed

Customer satisfaction and vertical integration

Marina Murdock, Thanh Ngo and Nivine Richie

Dynamics of market power and stability in GCC banking: econometric analysis and policy implications

Idries Mohammad Wanas Al-Jarrah, Khalid Al-Abdulqader, Yazan Idries Al-Jarrah and Shawkat Hammoudeh

An analytical approximation for European options under a Heston-type model with regime switching

Wenting Chen and Xin-Jiang He

Enhanced index tracking: A relative downside risk approach

Ronghua Luo, Zeyu Huang and Yangyi Liu

Oil price shocks and green investments: Upside risks, hedging, and safe-haven properties

Nedal Al-Fayoumi, Bana Abuzayed, Elie Bouri and Nadia Arfaoui

Dynamic spillover analysis between FX and cryptocurrency markets across different market conditions: A quantile VAR approach

Young-Sung Kim, Dong-Jun Kim and Sun-Yong Choi

Price dynamics in artificial stock market with realistic order book mechanism

Uzay Çetin, Şükrü C. Demirtaş and Senem Çakmak Şahin

Cascading failure, financial network and systemic risk

Chuangxia Huang, Hualu Miao, Xiaoguang Yang, Jie Cao and Huirui Yang

Legal shifts and corporate strategy: The impact of China’s New Securities Law on earnings management

Yikai Zhao, Shutong Zhang and Xinyi Geng

Inflation shocks and the New Keynesian model: When should central banks fear inflation expectations?

Lucio Gobbi, Ronny Mazzocchi and Roberto Tamborini

Bitcoin’s fundamental value and speculative behavior: A new framework for price dynamics

Qiong Wu, Ge Guo, Xiaogang Li, Rajesh Singh and Ting Zhang

Geopolitical risk and financial stress

Giovanni De Luca, Belinda Laura Del Gaudio and Anna Pia Di Iorio

Cross-asset contagion and risk transmission in global financial networks

Baoxiu Wu and Qing Wang

Corporate investment amid trade policy uncertainty: Past lessons, future presidency

Vaibhav Keshav

Revisiting the hedging and safe haven roles of gold: Evidence from quantile-on-quantile approach

Feipeng Zhang, Yuhan Ma, Xu Liu and Xiaoying Zhou

Outperforming ESG stocks portfolio: A machine learning ranking model with catboots regressor

Vittorio Carlei, Donatella Furia, Alessandro Ceccarelli and Piera Cascioli

Can we put green bonds in a single basket?

Mobeen Ur Rehman, Neeraj Nautiyal, Rami Zeitun, Xuan Vinh Vo and Mamdouh Abdulaziz Saleh Al-Faryan

Productivity responses of high-tech firms to monetary policy

M. Jahangir Alam

Heterogeneous beliefs with information processing constraints and asset pricing in presence of non-tradable goods

Hailong Wang and Duni Hu

Unveiling the bright side of rice-farming culture in shaping innovation: Evidence from Chinese listed firms

Xiaoliang Zhang, Qilin Wang and Xin Wang

Tax credit rating changes and the cost of debt financing: Evidence from China

Yiying Wang and Dangdang Cui

Risk spillover and hedging effects between stock markets and cryptocurrency markets depending upon network analysis

Long Guo and Li-Xin Zhong

Volume 79, issue C, 2025

Adaptive online portfolio selection incorporating systematic risk of the financial market

Liwei Yang, Rumei Liu and Jianing Zhang

Cryptocurrencies as safe havens for geopolitical risk? A quantile analysis approach

Bin Mo, Jiaru Chen, Qinling Shi and Zichun Zeng

Corporate ESG performance and stock pricing efficiency

Shaowei Chen and Zhiliang Wu

Calendar effects on returns, volatility and higher moments: Evidence from crypto markets

Bernardina Algieri, Kokulo K. Lawuobahsumo, Arturo Leccadito and Iliess Zahid

Misaligned expectations and bond term premium measures

Jesús Vázquez

The optimal timing and conditions for the digital transformation of traditional enterprises

Zhuming Chen and Wanhua Liang

From collapse to contagion: How bank failures influence stock markets

Václav Brož and Petr Teplý

On the connectedness between the uncertainty of central bank digital currency adoption and stablecoins

Thai Hong Le, Hiep Ngoc Luu, Dinh Dinh Do, Trung-Anh Nguyen and Toan Canh Pham

Optimal consumption and portfolio selection for retirees under inflation and pension default risk

Zhenmei Lin, Chong Lai and Rui Li

Common risk factors in REIT Returns: New insights

Alain Coën and Philippe Guardiola

The FED model: Is it still with us?

David G. McMillan

Network volatility, contagion, and two-pillar policies: Insights from Chinese financial sector data

Xiaoyuan Zhang and Hang You

Asymmetric impact of social media sentiments and stock market uncertainty on Indian sectoral returns: A quantile-on-quantile approach

Hera Asif Khan and Rishman Jot Kaur Chahal

Multidimensional risk contagions in commodity markets: A multi-layer information networks method

Zongrun Wang, Huan Zhu and Yunlong Mi

Ambiguity and stock price crash risk: Evidence from China

Yinan Li, Qiang Liu and Shuxin Guo

Risk transmission between oil price shocks and major equity indices across bull and bear markets over various time horizons

Walid Mensi, Mariya Gubareva and Tamara Teplova

Strategic information asymmetry in tail-risk markets

Omid M. Ardakani

Tail risk spillover and systemic importance among fossil energy markets: Evidence from china

Huike Zheng, Chiyuan Gao and Jing Deng

The effect of compound heat-drought risk on municipal corporate bonds pricing: Evidence from China

Ziqi Lei, Ping Li and Yujing Wang

Hedging downside risk for REITs

Jian Zhou

The impact of audit fees and auditor tenure on company valuation: An analysis of large U.S. audit firms

José Manuel Santos-Jaén, María del Carmen Valls Martínez, Gema Martín de Almagro Vázquez and Ana León-Gómez