Annals of Financial Economics (AFE)

2005 - 2026

Current editor(s): Michael McAleer

From World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().

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Volume 21, issue 01, 2026

Bank Efficiency in London Versus New York Financial Centers: Sailing Through Brexit’s Wake pp. 1-31

David Paz Saavedra, Xose Luis Fernández López, Marta de la Fuente and Pablo Coto-Millán

Modeling with the Transmuted Cauchy Distribution: Estimation Methods and Applications pp. 1-31

Fasna Kottakkunnan

Toward Financial Autonomy: Why Consumers are Embracing Digital Investment Platforms pp. 1-44

Lucia Saldanha, Rui Gonçalves, Leandro F. Pereira and Renato Lopes Da Costa

Does Index Investment and Speculative Sentiment Impact Price Discovery? pp. 1-38

Arunava Bandyopadhyay and Prabina Rajib

Tractable Simulation and Estimation of Climate-Linked Financial Variables using Extended OU Processes pp. 1-24

Iqra Shahid, M. Yousaf, Ayesha Sohail and Wing-Keung Wong

Volume 20, issue 04, 2025

Synthetic Stocks and Market Movement Estimation: An Analysis with Gaussian Process, Drawdown, and Data Science pp. 1-31

Mulue Gebreslasie and Indranil SenGupta

Linkage Between Financial Inclusion, Financial Development and Financial Stability: Perspectives From Developing and Developed Countries pp. 1-28

Pham Tien Dat and Tran Thi Kim Oanh

Portfolio Optimization Strategy Under the Semi-Martingale Financial Model pp. 1-33

Panumart Sawangtong and Alireza Najafi

Decoding Market Linkages and Risk Transmission: A Dynamic Analysis of G7 Stock Indices and Currency Pairs Against a Changing Economic Landscape pp. 1-37

Aamir Syed, Ahlem Lamine and Sahar Loukil

Asymmetric Effects of Domestic and Foreign Economic Policy Uncertainty on Exchange Rates in Developed Countries pp. 1-47

Salah A. Nusair and Dennis Olson

Connectedness between Industrial and Rare Earth Metals: Implications for Portfolio Diversification During the COVID-19 Pandemic and the Russia–Ukraine Conflict pp. 1-40

Hassan Zada, Niroshani Parahara, Madurika Nanayakkara, Syed Muhammad Usman Masood and Wing-Keung Wong

Volume 20, issue 03, 2025

A Comparison Study of Single and Hybrid ARIMA, RF, SVR and ANN Models: The Turkish Residential Property Price Index pp. 1-28

Ebru Çağlayan-Akay, Kadriye Hilal Topal, Şaban Kızılarslan and Hoşeng Bülbül

Could the Correlation of A Stationary Series With A Non-Stationary Series Obtain Meaningful Outcomes? pp. 1-32

Wing-Keung Wong and Minh Tam Pham

Energy, Finance, and Innovation in High-Income Countries: Short- and Long-Run Evidence from the ARDL–ECM Framework pp. 1-29

Ihsen Abid

Foreign Reserve Management Strategy for Central Banks in Emerging Economies pp. 1-33

Ryle S. Perera and Kimitoshi Sato

Testing for Asymmetric Correlations Between US Sector Returns and Interest Rate Changes pp. 1-33

Francisco Jareño, María de la O González and José M. Almansa

Conditional Dependence between Non-Ferrous Metals and Global Uncertainties: Insight from the Nickel Crash pp. 1-33

John Kingsley Woode, Simon Bukari Ayamba, Audrey Foriwaa Adjei, Faisal Musah and John Bambir

Volume 20, issue 02, 2025

Economic Policy Uncertainty and Foreign Capital Flows Dynamics: Accounting for Asymmetry and Multiple Structural Breaks in Panel Framework pp. 1-41

Joseph Chukwudi Odionye, Marius Ikpe, Augustine Chika Odo, Farah Yasin Farah Abdelkhair, Ndubuisi Agoh and Obianuju Fredrick Umelo

Testing Purchasing Power Parity with China and Estimating Transaction Costs pp. 1-31

Kai-Yin Woo, Shu-Kam Lee and Shin-Hung Pan

The Impact of Air Pollution on the Stock Market in South Korea pp. 1-29

Seongcheol Paeng, Daniel Park and James Reneau

Neural Network for Partially Linear Time Series Models pp. 1-36

Xuchen Wei, Min Chen and Shiqing Ling

The Nexus between Energy, Housing Prices and the Income: An Empirical Evidence from Saudi Arabia pp. 1-32

Hassabelrasul Yousuf Altom Shihabeldeen and Salem Hamad Aldawsari

A Novel Approach to Analyzing Nonlinear Effects of Decomposed Oil Shocks on Global Stock Market Indices: Evidence From Nardl and Wavelet Coherence pp. 1-48

Mehmet Metin Dam, Ahmet Aysan, Halil AltintaÅž and Mustafa Naimoglu

Volume 20, issue 01, 2025

Modeling Logarithmic Volatility Under the Rough Fractional Langevin Equation: Approximation Equation and Parameter Estimation pp. 1-24

Arezou Karimi and Farshid Mehrdoust

Terrorism, Innovation, and Economic Channels: Insights from a Panel ARDL Model pp. 1-37

Salim Bagadeem, Hussein Moselhy Sayed Ahmed, Mohamed Osman, Haitham M. Alzoubi, Kai-Yin Woo and Bisharat Hussain Chang

Comparing Consumption-based Asset Pricing Models: Evidence from Brazil pp. 1-33

Flávio Alberti Docha and Carlos Carrasco-Gutierrez

Time-Varying Analysis of Monetary Policy Channels of Banking System Risk-taking in Ghana Amidst the COVID-19 Uncertainty pp. 1-53

Anthony Adu-Asare Idun, John Kingsley Woode and Peterson Owusu Junior

Do Climate Risks Predict US Housing Returns and Volatility? Evidence from a Quantiles-Based Approach pp. 1-21

Elie Bouri, Rangan Gupta, Hardik A. Marfatia and Jacobus Nel

Wavelet Coherency Analysis of Stock Market Volatility and Housing costs: Insights from International Financial Hubs pp. 1-40

Chaleun Vongmileuth, Ulug Yeniley, P. A. Mary Auxilia, Hussein Moselhy Sayed Ahmed, Wing-Keung Wong and Bisharat Hussain Chang

Volume 19, issue 04, 2024

Forecasting Bitcoin Price by a Hybrid Structure Based on ARIMA, SVM and LSSVM Models pp. 1-22

Idin Noorani and Farshid Mehrdoust

Risk Avoidance, Macroeconomic Indicators and Bank Performances in Developing Economies pp. 1-30

Ooi Kok Loang

Symmetric and Asymmetric Nexus Between FDI, Trade and Economic Growth: Evidence from ASEAN Countries pp. 1-30

Kailash Pradhan, Sonali M. Mohapatra, Md. Umar Farooque and Lipsa Mohanty

Investment and Economic Growth in India: Is Foreign Investment Conducive? pp. 1-27

Biswajit Maitra and Sentu Shil

Bubbles Identification in an Emerging Economy and Within Stock Markets of its Trading Partners: Evidence from a GSADF Approach pp. 1-27

Mumtaz Ahmed, Liviu Marian Matac, Naureen Maqbool, Asma Salman, Muthanna G. Abdul Razzaq, Lara Al-Haddad and Codruta Daniela Pavel

Comparing the Financial Performance Effect of International and Local ESG Ratings: A Two-stage DEA Approach pp. 1-21

Louis T. W. Cheng, Chun Kei Tsang and Shu Kam Lee

Volume 19, issue 03, 2024

Does Bitcoin Add Any Value To The Investment Portfolios In Emerging Markets? A Case From Tehran Stock Exchange pp. 1-23

Hossein Dastkhan and Hossein Saber

Generalized Stochastic Integration and Financial Modeling pp. 1-14

Christos Floros, Konstantinos Gkillas and Christos Kountzakis

A Quantile Dependence among Exchange Rate, Stock Prices and Oil Prices: An Empirical Evidence from India pp. 1-21

Salem Hamad Aldawsari, Wei Shuen Tan, Tarek Abbas Elsherazy, Bisharat Hussain Chang, Haitham M. Alzoubi and Ivana Ognjanović

Market Fear and Emerging Market Returns: Analyzing the Impacts of VIX and Dollar Index pp. 1-22

Abbas Valadkhani and Barry O’Mahony

Could Regressing a Stationary Series on a Non-Stationary Series Obtain Meaningful Outcomes? pp. 1-16

Wing-Keung Wong and Mu Yue

Deposit Insurance Modeling Based on Standard Power Option Payoff Using Picard–Lindelöf Iteration pp. 1-16

S. O. Edeki and V. E. Azu-Nwosu

Volume 19, issue 02, 2024

CAPM in Real World: Risk-Friendly Investments pp. 1-11

Christos Floros, Christos Kountzakis and Moawia Alghalith

Realized Stock Market Volatility of the United States: The Role of Employee Sentiment pp. 1-21

Rangan Gupta, Savanah Hall and Christian Pierdzioch

Interest Rate Forecasting with Principal Component Analysis Based on Long-Run Covariance Matrix pp. 1-50

Hugo Hissinaga and Márcio Laurini

Greenhouse Gas Emissions and the Rising Effects of Renewable Energy Consumption and Climate Risk Development Finance: Evidence from BRICS Countries pp. 1-34

Bisharat Hussain Chang, P. A. Mary Auxilia, Akash Kalra, Wing-Keung Wong and Mohammed Ahmar Uddin

Epidemiological and Health Insurance Models for a Communicable Disease pp. 1-46

C. I. Nkeki and E. H. Iroh

Modeling Chilean Long-Term Swap Yields Based on the Short-Term Interest Rate: A Garch Approach pp. 1-25

Tanweer Akram and Khawaja Mamun

Volume 19, issue 01, 2024

The Nexus Between Energy Demand and Currency Valuation: Evidence from Selected OECD Countries pp. 1-23

Bisharat Hussain Chang, Haitham M. Alzoubi, Asma Salman, Ali Gohar Chang, Mohammed Ahmar Uddin and Jameel Ahmed Khan

Pandemic Fallout: Analyzing the Impact of COVID-19 on Taiwan’s Hotel Stocks pp. 1-29

Ahmad Fraz, Arshad Hassan, Shoaib Ali and Vincent Shin-Hung Pan

Globalization — Inequality Nexus in the US and UK: A Multi-Dimensional Perspective pp. 1-24

Emmanuel Uche, Torcia-Chanelle Banengai Koyama and Nicholas Ngepah

Unconditional Volatility Framework: Theoretical and Empirical Insights pp. 1-30

Sebastian Rey

Factors Affecting the Crude Oil Prices Volatility: A Case Study of the USA, China, Japan, Germany and India pp. 1-26

Alia Ajmal, Chaudhry Abdullah Imran Sahi, Wing-Keung Wong, Ramzan Ali and Abid Rasheed