Category: Finance & Markets
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Expectiles minimize basis risk in parametric insurance payments
This research indicates that basis risk-minimizing payment schemes for pure parametric and parametric index insurance contracts can be expressed as conditional expectiles of policyholders’ true loss given a compensation-triggering incident.
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GMIB valuation yields an analytic solution with faster computation
This research indicates that a numéraire transformation approach can value guaranteed minimum income benefits analytically and with much less computation time than standard Monte Carlo simulation.
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IPO listing changes how policy uncertainty affects R&D investment
This research indicates that initial public offerings change the relationship between economic policy uncertainty and research and development investment in private-sector firms in China.
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Review maps links between geopolitical risk and ESG
This research indicates that geopolitical risk is linked to ESG dynamics and that the literature centers on ESG performance, green finance, renewable energy, climate change, and financial stability.
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Public lending contracts can better align bank incentives
This research indicates that public lending schemes during economic crises can be redesigned to reduce incentive problems for banks and firms.
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Inflation moderates the sovereign-bank doom loop
This research indicates that high public debt and loose monetary policy are the main sources of spillovers to bank lending, while inflation can act as a stabilizer in the sovereign-bank doom loop.
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Market greenness predicts liquidity shocks and stock pricing errors
This research indicates that market greenness can predict liquidity shocks during periods when investors' ESG tastes appear to shift, and that ESG-related liquidity can reduce stock pricing errors more effectively than the Pástor-Stambaugh liquidity measure before 2020.
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Natural gas prices and green bonds affect each other over time
This research indicates that natural gas prices and green bonds have a nonlinear, time-varying relationship within a sustainable development context.
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