Special Issue "Macroeconomic and Financial Markets"

A special issue of International Journal of Financial Studies (ISSN 2227-7072).

Deadline for manuscript submissions: closed (11 August 2023) | Viewed by 1424

Special Issue Editor

INSEEC Grande Ecole, Rue de Vellefaux, 75010 Paris, France
Interests: operations research; financial markets; portfolio management; behavioral finance; wine prices; financial econometrics

Special Issue Information

Dear Colleagues,

The field of macroeconomics and financial markets is incredibly complex and ever-changing. The global macroeconomic environment is characterized by both macroeconomic instability and rapid technological change. This has led to increased volatility in terms of the financial markets and in economic growth. The financial markets have become increasingly interconnected with greater numbers of participants, and they have become increasingly complex. This has led to increased levels of risk and complexity for investors. The traditional macroeconomic models of growth, inflation, and employment have been challenged by new economic theories such as the new Keynesian economics, fiscal stimulus, and the role of central banks within monetary policy. The global financial system is undergoing a rapid transformation with the emergence of new technologies such as blockchain. Additionally, the development of new digital currencies and assets has enabled retail investors to gain exposure to assets that were previously only available to institutional investors.

We invite submissions of original, empirical, and theoretical papers in the subject areas of macroeconomics and financial markets. We especially encourage contributions that apply new methods and techniques to existing problems as well as those that address new research topics. Submissions should follow the guidelines for authors as outlined in the International Journal of Financial Studies.

Dr. Hachmi Ben Ameur
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. International Journal of Financial Studies is an international peer-reviewed open access quarterly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • fiscal and monetary policies
  • macroeconomic news
  • minancial market volatility
  • macroeconomic uncertainty
  • macroeconomic factors
  • credit and banking markets

Published Papers (2 papers)

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Research

Article
Unveiling Market Connectedness: Dynamic Returns Spillovers in Asian Emerging Stock Markets
Int. J. Financial Stud. 2023, 11(3), 112; https://doi.org/10.3390/ijfs11030112 - 12 Sep 2023
Viewed by 372
Abstract
This study investigates the returns spillovers across the equity markets of Asian emerging economies (China, India, Indonesia, Malaysia, Pakistan, Philippines, South Korea, Taiwan, and Thailand). To achieve this objective, we used two different spillover methodologies (DY 2012 and BK 2018). Moreover, this study [...] Read more.
This study investigates the returns spillovers across the equity markets of Asian emerging economies (China, India, Indonesia, Malaysia, Pakistan, Philippines, South Korea, Taiwan, and Thailand). To achieve this objective, we used two different spillover methodologies (DY 2012 and BK 2018). Moreover, this study used the daily closing prices of equity indices ranging from 5 January 2005 to 13 November 2021. The empirical findings revealed that the total spillover index using DY 2012, and the short-term frequency index using BK 2018, are close to each other, with values of 46.92% and 43.04%, respectively. However, the spillover index value is high, with a value of 56.25% in the long run. Furthermore, the results showed that the stock markets of South Korea and Taiwan are the major spillover transmitters in the Asian emerging markets. Also, the financial association among all emerging Asian equities is at its peak, subject to the mobility of cash flows across the global economies. The results of this study provide meaningful insight for policymakers and investors to implement an effective strategy to overcome the possible influence of any financial crisis in the future. Our paper provides a potential contribution to the financial literature by examining the transmission of spillovers across the Asian emerging stock markets. Furthermore, it provides in-depth information regarding stock market interdependence. Full article
(This article belongs to the Special Issue Macroeconomic and Financial Markets)
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Article
Uncovering the Effect of News Signals on Daily Stock Market Performance: An Econometric Analysis
Int. J. Financial Stud. 2023, 11(3), 99; https://doi.org/10.3390/ijfs11030099 - 04 Aug 2023
Viewed by 622
Abstract
The stock markets in developing countries are highly responsive to breaking news and events. Our research explores the impact of economic conditions, financial policies, and politics on the KSE-100 index through daily market news signals. Utilizing simple OLS regression and ARCH/GARCH regression methods, [...] Read more.
The stock markets in developing countries are highly responsive to breaking news and events. Our research explores the impact of economic conditions, financial policies, and politics on the KSE-100 index through daily market news signals. Utilizing simple OLS regression and ARCH/GARCH regression methods, we determine the best model for analysis. The results reveal that political and global news has a significant impact on KSE-100 index. Blue chip stocks are considered safer investments, while short-term panic responses often overshadow rational decision-making in the stock market. Investors tend to quickly react to negative news, making them risk-averse. Our findings suggest that the ARCH/GARCH models are better at predicting stock market fluctuations compared to the simple OLS method. Full article
(This article belongs to the Special Issue Macroeconomic and Financial Markets)
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