Journal of Financial Economic Policy: Volume 11 Issue 3

Credit unions’ acquisitions of banks and thrifts

David A. Walker, Kathryn I. Smith

In total, 14 credit unions have acquired 16 banks and savings institutions since 2012; 7 additional acquisitions are in progress and are expected to close before year-end 2019…

Monetary policy and macroeconomic responses: non-recursive SVAR study of Egypt

Mohamed Aseel Shokr, Zulkefly Abdul Karim, Mohd Azlan Shah Zaidi

This paper aims to examine the effects of monetary policy and foreign shocks on output, inflation and exchange rate in Egypt.

The causality link between political risk and stock prices: A counterfactual study in an emerging market

Huiqiang Wang

Prior studies have paid close attention to the impact of political risk on financial markets. Following this strand of literature, this paper aims to focus on the causality link…

Market power, competition and earnings management: accrual-based activities

Hai-Yen Chang, Li-Heng Liang, Hui-Fun Yu

This study aims to understand the impact of market power and competition on earnings management, particularly discretionary accruals, in the Chinese and Taiwanese tourism…

The underbanked phenomena

Xiaoyan Xu

The purpose of this paper is to study the “underbanked” – those who already possess bank accounts but are patrons of alternative financial services (AFS) providers at the same…

The integration of mortgage and capital markets: a tale of two administrations

Dror Parnes, Srinivas Nippani

This study aims to extend the literature by exploring the degrees of integration of both fixed and adjustable mortgage rates and diverse riskless (Treasury) and risky (corporate…

The effect of symmetric and asymmetric information on volatility structure of crypto-currency markets: A case study of bitcoin currency

Anwar Hasan Abdullah Othman, Syed Musa Alhabshi, Razali Haron

This paper aims to examine whether the crypto-currencies’ market returns are symmetric or asymmetric informative, through analysing the daily logarithmic returns of bitcoin…

A note on liquidity policies and financial networks

Danilo Lopomo Beteto Wegner

This paper aims to provides an example of how government and central bank policies that promote market liquidity (e.g., quantitative easing programs) can change the structure of…