Journal of International Financial Markets, Institutions and Money

1997 - 2025

Current editor(s): I. Mathur and C. J. Neely

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

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Volume 102, issue C, 2025

An intertemporal international asset pricing model: Theory and evidence

Gady Jacoby, Rose C. Liao, Yan Wang and Zhenyu Wu

The countercyclicality of microlending rates: Does the business model of microfinance institutions matter?

Hélyoth T.S. Hessou and Hubert Tchakoute Tchuigoua

Female directors and social responsibility of microfinance institutions

Kais Bouslah, Li, Qian (Jan) and Asma Mobarek

The effect of margin trading, stock index futures, and firm characteristics on stock price synchronicity: Evidence from China

Mohan Fonseka, Yulong Ma, Chengcheng Bei and Lalith P. Samarakoon

Banking crises and the performance of microfinance institutions

Valentina Hartarska, Denis Nadolnyak and Rui Chen

The role of US bank liquidity and regulations in Covered Interest Parity deviations

Walter Bazán-Palomino, Marco Ortiz, Marco E. Terrones and Diego Winkelried

The stock market and corporate consequences of ethical exclusions by the world’s largest fund

Erika Berle, He, Wanwei (Angela) and Bernt Arne Ødegaard

The causal effects of equity flows: Evidence from Korea

Jun Hee Kwak, Bada Han and Jae Young Lee

Financial sector development and intra-African trade

Lewis L. Gakpa, Issouf Soumaré, Hugues K. Kouadio and Charles K.D. Adjasi

Tax avoidance opportunity for multinational enterprises: effects of digitalized tax administration in China

Yilan Chen and Shaohai Lei

ESG incidents and corporate green bond market reaction

Matteo Cotugno, Paolo Fiorillo, Stefano Monferrà and Sabrina Severini

Volume 101, issue C, 2025

Climate risk and predictability of global stock market volatility

Mingtao Zhou and Yong Ma

Financial connectivity in cross-border lending and crises: Role of financial and legislative integration

Müge Demir and Zeynep Önder

The impact of corporate diversification on liquidity management: Evidence from lines of credit

Christina Atanasova and Frederick H. Willeboordse

Does inflation targeting track record matter for asset prices? Evidence from stock, bond, and foreign exchange markets

Zhongxia Zhang

Could an economy get stuck on a rational pessimism sunspot path? The case of Japan

Vo Phuong Mai Le, David Meenagh and Patrick Minford

Beyond education: International student inflow and outbound cross-border mergers and acquisitions

Hao Wang, Shuting Tan and Yonghui Han

The effects of the counter-cyclical factor on renminbi co-movements

Yike Sun

Securing passive liquidity: The impact of Europe’s first asymmetric speed bump on market liquidity

Caroline Le Moign

News and intraday retail investor order flow in foreign exchange markets

Theofilia Kaourma, Andreas Milidonis, George Nishiotis and Marios Panayides

Sovereign credit rating provision and financial development

Oskar Kowalewski, Prabesh Luitel and Rosanne Vanpée

Predicting the conditional distribution of US stock market systemic Stress: The role of climate risks

Massimiliano Caporin, Petre Caraiani, Oguzhan Cepni and Rangan Gupta

Can bilateral RMB swap reduce monetary policy spillovers from the United States to China?

Mi Zhang, Ahmet Sensoy, Duc Khuong Nguyen and Feiyang Cheng

Diversification and firm risk: New evidence on exchange rate exposure

Taek Ho Kwon, Sung C. Bae and Chenyang Liu

Global perspectives on open banking: Regulatory impacts and market response

Erdinc Akyildirim, Shaen Corbet, Abhishek Mukherjee and Michael Ryan

Do U.S. Institutional investors react to international politics?

Jun Myung Song and Woochan Kim

Cash or Cache? Distributional and business cycle implications of CBDC holding limits

Jana Anjali Magin, Ulrike Neyer and Daniel Stempel

Volume 100, issue C, 2025

Dollarization vs. bitcoinization in Türkiye: Which is more dangerous for the financial market?

George M. Jabbour and Layal Mansour-Ichrakieh

Multiple large shareholders and controlling shareholders’ over-appointing of directors

Feng Wei and Lei Zhou

Aggregate earnings and global equity returns

Yigit Atilgan, K. Ozgur Demirtas, A. Doruk Gunaydin, Aynur Dilan Tosun and Duygu Zirek

Exchange rate regime changes and market efficiency: An event study

Teresa Corzo, Karin Martin-Bujack, Jose Portela and Alejandro Rodríguez-Gallego

ESG ratings: Disagreement across providers and effects on stock returns

Giulio Anselmi and Giovanni Petrella

Multidimensional information spillover between cryptocurrencies and China’s financial markets under shocks from stringent government regulations

Ming-Yuan Yang, Zhe-Kai Chen, Jingwen Hu, Yiru Chen and Xin Wu

Spillover effects of US economic policy uncertainty on emerging markets: Evidence from transnational supply chains

Jieying Gao, Qi Qin and Shengjie Zhou

Religious similarity in mergers and acquisitions

Yunhao Dai, Xu Huang, Weiqiang Tan and Yao, Daifei (Troy)

From the executive suite to the environment: How does CEO power affect climate change disclosures?

Sudipta Bose, Sabri Boubaker, Hussein Daradkeh and Syed Shams

Volume 99, issue C, 2025

The crypto collapse chronicles: Decoding cryptocurrency exchange defaults

Niranjan Sapkota

Accounting comparability between M&A bidders and targets and deal outcome

Seraina Anagnostopoulou and Andrianos Tsekrekos

Give me a break: What does the equity premium compensate for?

Patrizia Perras and Niklas Wagner

Central bank digital currency and systemic risk

Muhammad Suhail Rizwan, Ghufran Ahmad and Anum Qureshi

Bank profitability and central bank digital currency

Mario Bellia and Ludovic Calès

The domestic and spillover effects of fiscal consolidation: The role of fiscal instruments, exchange rate regimes, and capital controls

Yunhan Zhang, Zhixin Liu and Hao Jin

Does international trade moderate economic development’s impact on income inequality in the EU?

Hyun-Jung Nam and Doojin Ryu

Stablecoins as anchors? Unraveling information flow dynamics between pegged and unpegged crypto-assets and fiat currencies

Rafael Baptista Palazzi, Sebastian Schich and Alan de Genaro

Tech titans and crypto giants: Mutual returns predictability and trading strategy implications

Elie Bouri, Amin Sokhanvar, Harald Kinateder and Serhan Çiftçioğlu

Global convergence of financial reporting and resilience to fiscal spillover shocks

Zhong, Rong (Irene)

Sudden stops of capital inflows, macroprudential policies, and bank systemic risk: An international investigation

Yu Wang, Yiming Lu and Gaoya Song

Banking regulation and corporate R&D investment: Evidence from regulatory penalties in China

Yuanbiao Huang and Jinlei Li

Stock market reaction to mandatory carbon disclosure announcements: The role of institutional investors

Chris Florackis, Dewan Muktadir-Al-Mukit, Sushil Sainani and Zhang, Ziyang (John)

Ex ante bond returns and time-varying monotonicity

Hamid Yahyaei, Abhay Singh and Tom Smith

Other comprehensive income volatility and bank risk

Yang Su, Junrui Zhang, Hong Zhao and Mingming Zhou

Nonlinearity in the nexus between financial development and wealth inequality

Dong-Hyeon Kim, Peiyao Liu and Shu-Chin Lin

Downside belief disagreements and financial instability: Evidence from risk factor disclosures in U.S. financial institutions’ 10-K filings

Rui Li, Jianping Li and Xiaoqian Zhu

Extractive institutions and banks’ implicit subsidies

Lucas N.C. Vasconcelos and Rafael Schiozer

Governmental venture capital and investor sentiment: Evidence from Chinese government guidance funds

Xinfei Huang, Yue Zhang and Zhe Zong

Sovereign debt cost and economic complexity

Jose Gomez-Gonzalez, Jorge Uribe and Oscar Valencia

Covered interest rate parity deviations, COVID-19 pandemic infection cases, and vaccination

Yu-Lun Chen, Yi-Hua Li, Wan-Shin Mo and J. Jimmy Yang

Managing cryptocurrency risk exposures in equity portfolios: Evidence from high-frequency data

Minhao Leong, Vitali Alexeev and Simon Kwok