Journal of International Financial Markets, Institutions and Money

1997 - 2025

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

From Elsevier
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Volume 79, issue C, 2022

Commodity return predictability: Evidence from implied variance, skewness, and their risk premia☆☆

Marinela Adriana Finta and Jose Ornelas

Exchange rate and balance of payment crisis risks in the global development finance architecture

Alfredo Schclarek and Jiajun Xu

A principal–agent approach for estimating firm efficiency: Revealing bank managerial behavior

Levent Kutlu, Emmanuel Mamatzakis and Mike G. Tsionas

Can Bitcoin be Trusted? Quantifying the economic value of blockchain transactions

Benjamin M. Cole, Anne H. Dyhrberg, Sean Foley and Jiri Svec

High-frequency connectedness between Bitcoin and other top-traded crypto assets during the COVID-19 crisis

Paraskevi Katsiampa, Larisa Yarovaya and Damian Zięba

Foreign investments during financial crises: Institutional investors’ informational skills create value when familiarity does not

Barbara Abou Tanos and Sonia Jimenez-Garcès

The influence of the renminbi and its macroeconomic determinants: A new Chinese monetary order in Asia?

Benjamin Keddad and Kiyotaka Sato

Rethinking financial contagion: Information transmission mechanism during the COVID-19 pandemic

Larisa Yarovaya, Janusz Brzeszczynski, John W. Goodell, Brian Lucey and Chi Keung Lau

Conditionally-hedged currency carry trades

Jin Ho Choi and Sangwon Suh

The dynamics of money supply determination under asset purchase programs: A market-based versus a bank-based financial system

Ling Wang

From systematic to systemic risk among G7 members: Do the stock or real estate markets matter?

Shu-hen Chiang and Chien-Fu Chen

Examining QE’s bang for the Buck: Does Quantitative easing reduce credit and liquidity risks and stimulate real economic activity?

Lior Cohen

The role of non-critical business and telework propensity in international stock markets during the COVID-19 pandemic

Thiago Silva, Paulo Victor Berri Wilhelm and Benjamin Tabak

Explaining cryptocurrency returns: A prospect theory perspective

Rongxin Chen, Gabriele M. Lepori, Chung-Ching Tai and Ming-Chien Sung

Technical analysis in cryptocurrency markets: Do transaction costs and bubbles matter?

Daniel Svogun and Walter Bazán-Palomino

Assessing the impact of COVID-19 on price Co-movements in China

Yingying Xu and Donald Lien

Macroeconomic attention and stock market return predictability

Feng Ma, Xinjie Lu, Jia Liu and Dengshi Huang

Mind the Basel gap

Petri Jylhä and Matthijs Lof

International tests of the ZCAPM asset pricing model

James W. Kolari, Jianhua Z. Huang, Hilal Anwar Butt and Huiling Liao

Does the choice of monetary policy tool matter for systemic risk? The curious case of negative interest rates

Małgorzata Iwanicz-Drozdowska and Karol Rogowicz

Time horizon and cryptocurrency ownership: Is crypto not speculative?

Yosef Bonaparte

Volume 78, issue C, 2022

ESG, liquidity, and stock returns

Di Luo

The yen–dollar risk premium: A story of regime shifts in bond markets

Sungjun Cho, Stuart Hyde and Liu Liu

Informativeness of trades around macroeconomic announcements in the foreign exchange market

Zhen-Xing Wu and Yin-Feng Gau

Political sentiment and syndicated loan borrowing costs of multinational enterprises

Panagiotis Karavitis and Pantelis Kazakis

Serial acquirers and stock price crash risk: International evidence

Weidong Xu, Xin Gao, Donghui Li, Mingming Zhuang and Shijie Yang

Revisiting the PPP puzzle: Nominal exchange rate rigidity and region of inaction

Jae Hoon Choi and Seongho Song

Dynamic relationship between exchange rates and stock prices for the G7 countries: A nonlinear ARDL approach

Salah Nusair and Dennis Olson

Individual investors’ dividend tax reform and corporate social responsibility

Dongmin Kong, Mianmian Ji and Fan Zhang

The direct and indirect effects of financial development on international trade: Evidence from the CEEC-6

Guglielmo Maria Caporale, Anamaria Diana Sova and Robert Sova

Do contingent convertible bonds reduce systemic risk?

Layla dos Santos Mendes, Rodrigo Leite and José Fajardo

Measuring market integration during crisis periods

Weiping Qin, Sungjun Cho and Stuart Hyde

EPU spillovers and stock return predictability: A cross-country study

Yuting Gong, Zhongzhi He and Wenjun Xue

Sovereign bond market spillovers from crisis-time developments in Greece

Daragh Clancy, Carmine Gabriele and Diana Zigraiova

A canary in a Coalmine! religious agency and its impact on the performance of Islamic banks

Nader Shahzad Virk, Tasawar Nawaz and Philip Molyneux

The asymmetry of the Amihud illiquidity measure on the European markets: The evidence from Extreme Value Theory

Barbara Będowska-Sójka, Krzysztof Echaust and Małgorzata Just

Impact of Coronavirus on liquidity in financial markets

Ruhana Zareen Gofran, Andros Gregoriou and Lawrence Haar

Self-disclosed peer effects on corporate capital structure

Bahman Fathi Ajirloo and Lorne Switzer

Trade facilitation costs and corruption: Evidence from China

Douglas Cumming and Ying Ge

Have crisis-induced banking supports influenced European bank performance, resilience and price discovery?

Shaen Corbet, Douglas Cumming, Hou, Yang (Greg), Yang Hu and Les Oxley

Asset prices, financial amplification and monetary policy: Structural evidence from an identified multivariate GARCH model

Helmut Herwartz and Jan Roestel

Asymmetric impact of Sino-US interest rate differentials and economic policy uncertainty ratio on RMB exchange rate

Shaobo Long, Rui Zhang and Jing Hao

Uncertainty and corporate default risk: Novel evidence from emerging markets

Duc Nguyen Nguyen, Canh Phuc Nguyen and Le Phuong Xuan Dang

COVID-19 pandemic and liquidity commonality

Sandy Suardi, Caihong Xu and Z. Ivy Zhou

Volume 77, issue C, 2022

Quantifying the asymmetric spillovers in sustainable investments

Najaf Iqbal, Muhammad Abubakr Naeem and Muhammed Tahir Suleman

Tax avoidance regulations and stock market responses

Katarzyna Bilicka, Danjue Clancey-Shang and Yaxuan Qi

Does monetary policy fuel bitcoin demand? Event-study evidence from emerging markets

Paul Marmora

Capital flight for family? Exploring the moderating effects of social connections on capital outflow of family business

Bao Wu, Qi Wang, Chevy-Hanqing Fang, Fu-Sheng Tsai and Yuanze Xia

Can capital inflows reduce financing costs in emerging economies? Firm-level evidence from China and Malaysia

Xuefeng Pan and Weixing Wu

GCC Sovereign Wealth Funds: Why do they take control?

J. Amar, C. Lecourt and Jean-François Carpantier

Press freedom and operational losses: The monitoring role of the media

Edina Berlinger, Judit Lilla Keresztúri, Ágnes Lublóy and Zsuzsanna Vőneki Tamásné

Does the world smile together? A network analysis of global index option implied volatilities

Jing Chen, Qian Han, Doojin Ryu and Jing Tang

How do banks invest in fintechs? Evidence from advanced economies

Luca Bellardini, Belinda Laura Del Gaudio, Daniele Previtali and Vincenzo Verdoliva

Investor attention factors and stock returns: Evidence from China

Dayong Dong, Keke Wu, Jianchun Fang, Giray Gözgör and Cheng Yan

Global financial conditions, capital flows and the exchange rate regime in emerging market economies

Dong Lu, Jialin Liu and Hang Zhou

Optimal loan contracting under policy uncertainty: Theory and international evidence

Di Gong, Tao Jiang, Zhao Li and Weixing Wu

Unintentional herd behavior via the Google search volume index in international equity markets

Phasin Wanidwaranan and Chaiyuth Padungsaksawasdi

Havenly acquisitions

Burcin Col and Vihang Errunza

Do financial markets reward government spending efficiency?

Antonio Afonso, Joao Jalles and Ana Venâncio

Defaulting on Covid debt

Wojtek Paczos and Kirill Shakhnov

Precautionary liquidity shocks, excess reserves and business cycles

George J. Bratsiotis and Konstantinos Theodoridis

Corporate social responsibility in market liberalization: Evidence from Shanghai-Hong Kong Stock Connect

Liuyong Yang, Beibei Wang and Deming Luo

Bearish Vs Bullish risk network: A Eurozone financial system analysis

Matteo Foglia, Abdelhamid Addi, Gang-Jin Wang and Eliana Angelini

Do long-term institutional investors contribute to financial stability? – Evidence from equity investment in Hong Kong and international markets

Tom Pak Wing Fong, Angela Kin Wan Sze and Edmund Ho Cheung Ho

Connectedness among major cryptocurrencies in standard times and during the COVID-19 outbreak

Ashish Kumar, Najaf Iqbal, Subrata Kumar Mitra, Ladislav Krištoufek and Elie Bouri

Covered interest rate parity deviations in the Asia-Pacific

Chris Bilson, Tim Brailsford and Gulasekaran Rajaguru

Financial liberalization and the investment-cash flow sensitivity

Xun Wang

On the heterogeneous link between public debt and economic growth

Marta Gómez-Puig, Simon Sosvilla-Rivero and Inmaculada Martínez-Zarzoso

Do macroprudential policies affect bank efficiency? Evidence from emerging economies

Minghua Chen, Qiaoling Kang, Ji Wu and Bang Jeon

Does implied volatility (or fear index) affect Islamic stock returns and conventional stock returns differently? Wavelet-based granger-causality, asymmetric quantile regression and NARDL approaches

Muhammad Mahmudul Karim, Najmul Haque Kawsar, Mohamed Ariff and Abul Masih

What’s the expected loss when Bitcoin is under cyberattack? A fractal process analysis

Klaus Grobys, Josephine Dufitinema, Niranjan Sapkota and James W. Kolari

Internet finance and corporate investment: Evidence from China

Kangqi Jiang, Zhongfei Chen, Aarti Rughoo and Mengling Zhou

Mandatory dividend policy and perk consumption: Evidence from state-owned business groups in China

Lihua Liu and Haicheng Shu