Contemporary Trends in International Finance: Navigating Global Dynamics

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Economics and Finance".

Deadline for manuscript submissions: 31 October 2024 | Viewed by 1234

Special Issue Editors


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Guest Editor
Department of Economics, Deree-The American College of Greece, 15342 Athens, Greece
Interests: European monetary integration; exchange rate regimes; international finance

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Co-Guest Editor
Department of Economics, Deree-The American College of Greece, 15342 Athens, Greece
Interests: public goods; public choice; maritime economics

Special Issue Information

Dear Colleagues,

This Special Issue of the academic journal JRFM focuses on the latest developments and emerging trends in international finance, providing a comprehensive overview of the challenges and opportunities that shape the global economic landscape. The collection of articles within this issue delves into key areas such as cross-border capital flows, international trade, exchange rates, financial markets, and policy implications.

Contributions from leading scholars and practitioners explore the impact of geopolitical events, technological advancements, and regulatory changes on international financial markets. Additionally, the Special Issue examines the role of sustainable finance in fostering economic resilience and addresses the evolving dynamics of global financial integration and FDIs.

The interdisciplinary nature of the research presented in this Special Issue offers valuable insights for academics, policymakers, and industry professionals seeking to understand the intricate interplay of factors influencing the international financial system. With a focus on contemporary issues and cutting-edge research methodologies, this Special Issue serves as a timely and essential resource for those navigating the complexities of global finance in an ever-changing world.

Dr. Nikolaos Stoupos
Dr. Panagiotis Palaios
Guest Editors

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Keywords

  • cross-border capital flows
  • exchange rates
  • financial integration
  • international trade
  • global financial markets

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Published Papers (1 paper)

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Research

17 pages, 2531 KiB  
Article
Realized Volatility Spillover Connectedness among the Leading European Currencies after the End of the Sovereign-Debt Crisis: A QVAR Approach
by Michail Nerantzidis, Nikolaos Stoupos and Panayiotis Tzeremes
J. Risk Financial Manag. 2024, 17(8), 337; https://doi.org/10.3390/jrfm17080337 - 5 Aug 2024
Viewed by 660
Abstract
This paper examines the time-varying spillover effects and connectedness between the euro and other EU and non-EU currencies after the end of the sovereign-debt crisis. We employ the Quantile Vector Autoregression connectedness approach using intraday data for seven currencies (the euro, the British [...] Read more.
This paper examines the time-varying spillover effects and connectedness between the euro and other EU and non-EU currencies after the end of the sovereign-debt crisis. We employ the Quantile Vector Autoregression connectedness approach using intraday data for seven currencies (the euro, the British pound, the Swiss franc, the Polish zloty, the Hungarian forint, the Czech koruna, and the Norwegian krone) spanning from 1 January 2016 to 30 November 2022. The results indicate that, almost in all quantiles, the currencies of Eastern European Group countries (i.e., Czech Republic, Hungary, and Poland) are net contributors of information spillovers to other currencies, while currencies of non-EU countries (Switzerland, UK, and Norway) are net takers. Further, we find that the euro is the highest transmitter of net information spillovers to all other currencies until 2021. Interestingly, after 2021, the euro changes to net information spillover taker from all other currencies; highlighting that external shocks (e.g., COVID-19, the energy crisis) have significant risk spillover effects on the European currency market. Policymakers and market participants could benefit from knowing which currency drives developments to avoid unexpected consequences. Full article
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