Giovanni Covi, Maren Froemel, Dennis Reinhardt and Nora Wegner “Climate policy and banks’ portfolio allocation”

Bank of England, Working Paper n° 1,149

4 minuti fa

Abstract: How do banks respond to transition risk and which mechanisms drive this response? We shed new light on this question using data on granular international large ...more »
Iñaki Aldasoro, Paula Beltrán and Federico Grinberg “Stablecoin flows and spillovers to FX markets”

Bank for International Settlements, BIS Working Papers n° 1340

9 minuti fa

Abstract: Using data on four USD-pegged stablecoins and 27 fiat currencies, this paper documents spillovers from stablecoin-based foreign exchange (FX) to ...more »
Bo Li, Tommaso Mancini-Griffoli, Marcello Miccoli, Brandon Joel Tan and Longmei Zhang “Making Stablecoins Stable”

International Monetary Fund, Working paper n° 26/74

13 minuti fa

Abstract: Payment stablecoins are privately issued digital money with the potential to enhance payment efficiency, foster innovation, and improve financial ...more »
Paul Konietschke, Julian Metzler and Aurea Ponte Marques “A quantile probability model for sectoral corporate defaults in Europe”

European Central Bank, Working Paper Series n° 3207

16 minuti fa

Abstract: Conventional credit risk models understate tail risk by centering on mean default probabilities and neglecting distributional and ...more »
Andrés Azqueta-Gavaldón, Marina Diakonova, Corinna Ghirelli and Javier J. Pérez “Diverging signals from economic uncertainty measures: Uncovering coherence through news narratives”

BANCO DE ESPAÑA, Working paper n° 2641

18 minuti fa

Abstract: The proliferation of economic uncertainty indicators —ranging from text-based indices ...more »
Fabien Gonguet, Xuehui Han, Choonsung Lim, To-Nhu Dao and Saraf Nawar “Climate Finance and Adaptation Needs In Pacific Island Countries”

International Monetary Fund, Working paper n° 26/83

21 minuti fa

Abstract: Pacific Island Countries (PICs) face acute and rising climate adaptation needs due to high exposure to sea‑level rise, ...more »
Temperature Anomalies and Climate Physical Risk in Portfolio Construction
1 giorno fa

Michele Azzone, Carlo Bechi, Gabriele Sbaiz 1. Introduction The increasing frequency, severity, and unpredictability of natural disasters and chronic climate threats pose unprecedented challenges to global financial markets. Traditional asset pricing models and portfolio ...more »
Pricing and Hedging Financial Derivatives in Merger&Acquisition Deals with Price Impact
4 giorni fa

Authors: Emilio Barucci, Yuheng Lan, Daniele Marazzina. This paper investigates the optimal execution and pricing of financial contracts commonly used in merger and acquisition (M&A) transactions, focusing on agreements between a broker and a counterparty. In ...more »