The Quarterly Review of Economics and Finance

1993 - 2025

Current editor(s): R. J. Arnould and J. E. Finnerty

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Volume 85, issue C, 2022

Robbing a robber is not robbing pp. 1-7

Hind Dib-Slamani, Gilles Grolleau and Naoufel Mzoughi

Uncertainty in long-term macroeconomic forecasts: Ex post evaluation of forecasts by economics researchers pp. 8-15

Masayuki Morikawa

Political connections, investment inefficiency, and the Indian banking crisis pp. 16-30

Rishman Jot Kaur Chahal and Wasim Ahmad

The explosive growth of the US ABCP market between 2004 and 2007: An integrated empirical analysis pp. 31-46

Photis Lysandrou, Mimoza Shabani and D’Avino, Carmela

Speculative trading in Bitcoin: A Brazilian market evidence pp. 47-54

Emanuelle Nava Smaniotto and Giacomo Balbinotto Neto

The Fama-French five-factor model and emerging market equity returns pp. 55-76

Selebogo Mosoeu and Odongo Kodongo

Macroeconomic determinants of foreign exchange rate exposure pp. 77-102

Fabian U. Fuchs

The effectiveness of board independence in high-discretion firms pp. 103-117

Hui Liang James, Nilakshi Borah and Roger Lirely

A century and a half of the monetary base-stock market relationship pp. 118-124

Nahiyan Faisal Azad and Apostolos Serletis

Are dividend changes exploited in the equity market? pp. 125-133

Ebenezer Asem

Do markets value ESG risks in sovereign credit curves? pp. 134-148

Benjamin Hübel

Oil price dynamics and fiscal policy cyclicality in Saudi Arabia: New evidence from partial and multiple wavelet coherences pp. 149-160

Salem Hathroubi and Chaker Aloui

Hyperinflation, Optimal Currency Scopes, and a Cryptocurrency Alternative to Dollarization pp. 161-173

John E. Marthinsen and Steven R. Gordon

Gender differences and time allocation: A comparative analysis of Egypt and Tunisia pp. 174-193

Hanan Nazier and Asmaa Ezzat

The more you know, the better: A Heckman repeat-sales price index pp. 194-199

Marilena Vecco, Simeng Chang and Roberto Zanola

Cash, crime, and cryptocurrencies pp. 200-207

Joshua Hendrickson and William Luther

Discretionary fiscal policy, fiscal credibility and inflation risk premium pp. 208-222

Gabriel Montes and Natalia Teixeira de Hollanda Lima

Do conventional currencies hedge cryptocurrencies? pp. 223-228

Syed Jawad Hussain Shahzad, Faruk Balli, Muhammad Abubakr Naeem, Mudassar Hasan and Muhammad Arif

The positive impact of investment subsidies on the economy with present-biased consumers pp. 229-235

Minwook Kang

Access-for-all to financial services: Non-resources tax revenue-harnessing opportunities in developing countries pp. 236-245

Ali Compaoré

Effects of a development bank on the profitability of commercial banks: Evidence for Brazil pp. 246-259

Alexandre Schwinden Garcia and Roberto Meurer

Revisiting almost marginal conditional stochastic dominance pp. 260-269

Tzu-Ying Chen, An-Mei Tsai and Larry Y. Tzeng

Credit booms and crisis-emergent asset comovement: The problem of latent correlation pp. 270-279

Messaoud Chibane, Amadeus Gabriel and Gabriel Giménez Roche

The price and cost of bitcoin pp. 280-288

John E. Marthinsen and Steven R. Gordon

The capital ratio and the interest rate spread: A panel threshold regression approach pp. 289-302

Ali Golbabaei and Mahmoud Botshekan

The Impact of COVID-19 pandemic on Islamic and conventional financial markets: International empirical evidence pp. 303-325

Hela Mzoughi, Amine Ben Amar, Belaid Fateh and Khaled Guesmi

Directional predictability and time-frequency spillovers among clean energy sectors and oil price uncertainty pp. 326-341

Christian Urom, Hela Mzoughi, Gideon Ndubuisi and Khaled Guesmi

On the benefits of active stock selection strategies for diversified investors pp. 342-354

Immo Stadtmüller, Benjamin R. Auer and Frank Schuhmacher

Informational efficiency and GICS classification: Evidence from REITs pp. 355-362

Shinhua Liu

Risk assessment of equity-based conventional and islamic stock portfolios pp. 363-378

Syed Sharjeel Ahmad Hasnie, Pablo Collazzo and M. Kabir Hassan

Determinants of entries into and exits from the US farming sector pp. 379-385

Erick Kitenge

Asymmetric cyclical connectedness on the commodity markets: Further insights from bull and bear markets pp. 386-400

Amine Ben Amar, Stéphane Goutte and Mohammad Isleimeyyeh

Volume 84, issue C, 2022

Value-based pricing of a COVID-19 vaccine pp. 1-8

Afschin Gandjour

Does the yield curve signal recessions? New evidence from an international panel data analysis pp. 9-22

Jean-Baptiste Hasse and Quentin Lajaunie

Global and local banking crises and risk-adjusted efficiency of Indian banks: Are the impacts really perspective-dependent? pp. 23-39

Rachita Gulati

Export agglomeration economies in Sub-Saharan Africa manufacturing and service sectors pp. 40-51

Melaku Abegaz and Gibson Nene

Segmentation, business environment and global informational efficiency of emerging financial markets pp. 52-60

Nicholas Addai Boamah

The stabilizing effect of the zero lower bound: A perspective of interest rate target zones pp. 61-67

You-Xun Lu

The Effect of Bilateral Investment Treaties (BITs) on the extensive and intensive margins of exports pp. 68-79

Tingting Xiong

Permanent inequality versus earnings instability and transmission of income shocks to consumption expenditure in India pp. 80-91

Aswini Kumar Mishra, Akul Gupta and Vedant Bhardwaj

Do foreign investors deter corporate fraud? Evidence from China pp. 92-111

Quanxi Liang, Wenlian Gao and Hongji Xie

Armageddon and the stock market: US, Canadian and Mexican market responses to the 1962 Cuban Missile Crisis pp. 112-127

Richard C.K. Burdekin and Pierre Siklos

The drivers of the financial integration of microfinance Institutions: Do financial development, agency costs and microfinance performance matter? pp. 128-142

Sandra Kendo and Josephine Tchakounte

Competition, cost efficiency and stability of banks in the MENA region pp. 143-170

Chawki El Moussawi and Rana Mansour

Transnational spillover effects of European sovereign rating signals on bank stock returns pp. 171-182

Haoshen Hu, Jörg Prokop and Hans-Michael Trautwein

Bank profitability and economic growth pp. 183-199

Paul-Olivier Klein and Laurent Weill

Political influence and banking performance: Evidence from the African countries pp. 200-207

Olivier Damette and Imen Kouki

Economic policy uncertainty and industry innovation: Cross country evidence pp. 208-228

William Mbanyele and Wang Fengrong

Uncertainty matters in US financial information spillovers: Evidence from a directed acyclic graph approach pp. 229-242

Zhi Su, Peng Liu and Tong Fang

House prices and household credit in the Eurozone: A single monetary policy with dissonant transmission mechanisms pp. 243-256

Tricia Coxwell Snyder and Sofia Vale

Is the shadow economy procyclical or countercyclical over the business cycle? International evidence pp. 257-270

Adegboyega O. Owolabi, Aziz N. Berdiev and James Saunoris

Can direct government intervention save the stock market? pp. 271-284

Tien-Trung Nguyen, Yang-Che Wu, Mei-Chu Ke and Tung Liang Liao

Leverage, R&D expenditures, and accounting conservatism: Evidence from technology firms pp. 285-304

Mariem Khalifa, Samir Trabelsi and Hamadi Matoussi

Does Corporate Social Responsibility reporting improve financial performance? The moderating role of board diversity and gender composition pp. 305-314

Ines Kahloul, Hicham Sbai and Jocelyn Grira

Drivers of Turkish inflation pp. 315-323

Hakan Yilmazkuday

Analysis of connectivity between the world’s banking markets: The COVID-19 global pandemic shock pp. 324-336

Benjamin Tabak, Igor Bettanin Dalla Riva e Silva and Thiago Silva

High-frequency trading, stock volatility, and intraday crashes pp. 337-344

Imen Ben Ammar and Slaheddine Hellara

Powerful CEOs and their legacy: Evidence from credit risk around CEO turnovers pp. 345-358

Marcus V. Braga-Alves, Iuliana Ismailescu and Kaustav Sen

Scheduling slots and league objectives: An empirical analysis of Australia’s AFL pp. 359-371

Keith Jakee, Martin Kenneally and Declan Dineen

Following public finances: The mirage of MDBs countercyclicality pp. 372-385

Leopoldo Avellan, Arturo Galindo and Giulia Lotti

Fiscal multipliers in the euro area: A comparative study⋆ pp. 386-397

Franziska Collingro and Michael Frenkel

Spillovers in Higher-Order Moments of Crude Oil, Gold, and Bitcoin pp. 398-406

Konstantinos Gkillas, Elie Bouri, Rangan Gupta and David Roubaud

Drivers of genuine FDI inflows in advanced economies pp. 407-419

Konstantinos Dellis, David Sondermann and Isabel Vansteenkiste

What’s holding back blockchain finance? On the possibility of decentralized autonomous finance pp. 420-429

Cameron Harwick and James Caton

Revisiting the accuracy of standard VaR methods for risk assessment: Using the Copula–EVT multidimensional approach for stock markets in the MENA region pp. 430-445

Ali Chebbi and Amel Hedhli

Gender diversity on corporate boards: Evaluating the effectiveness of shareholder activism pp. 446-461

Mahdi Rastad and John Dobson

Commodity money, free banking, and nominal income targeting: Lessons for monetary policy reform pp. 462-477

Joshua Hendrickson

Okun's law: Copula-based evidence from G7 countries pp. 478-491

Nikos Benos and Athanassios Stavrakoudis

Deviating from full rationality but not from theoretical consistency: The behavior of inflation expectations in Brazil pp. 492-501

Leilane de Freitas Rocha Cambara, Roberto Meurer and Gilberto Lima

The clinical and economic value of a successful shutdown during the SARS-CoV-2 pandemic in Germany pp. 502-509

Afschin Gandjour

Central bank independence and the Federal Reserve's new operating regime pp. 510-515

Jerry L. Jordan and William Luther

Attorney discipline, the quality of legal systems and economic growth within the United States pp. 516-533

Jason Damm and James E. McNulty

Banking competition, convergence and growth across macro-regions of MENA pp. 534-549

Samah Issa, Claudia Girardone and Stuart Snaith

Firm valuation with state dependent COD taxation pp. 550-561

Max Fischer, Marko Krause, Alexander Lahmann and Franziska Stimper

Growth options, risk dynamics, and cost of capital: Evidence from U.S. corporate control transactions pp. 562-576

Jeffrey M. Coy and Luis Garcia-Feijoo

Russell index reconstitutions and short interest pp. 577-588

Aigbe Akhigbe, Anna D. Martin, Melinda Newman and Andre de Souza

The impact of sectoral shocks on an efficiency wage equilibrium pp. 589-595

Jon R. Neill

Law firm market share and securities class action litigation outcomes pp. 596-609

Qiming Wang, C.S Agnes Cheng, Qin Lian and Cathy Zishang Liu