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Journal of Risk and Financial Management, Volume 15, Issue 4

2022 April - 42 articles

Cover Story: The purpose of this paper is to encourage reframing the discussion about where and how we use electricity. Recognizing that electricity need is uncertain and that adapting where we get electricity can be expensive, we explore an institutional adjustment that incorporates insurance as a design feature in the electricity system. To encourage systemic institutional transformation, all agents in the system need to have an incentive to participate in the transformation, because they will benefit from the change. We present one such incentive: a market exchange that is denominated in kilowatt-hours. That is, we present a concept of electricity as money. View this paper.
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Articles (42)

  • Article
  • Open Access
4 Citations
4,555 Views
16 Pages

At the crossroads of sociology and international relations, this interdisciplinary and comparative research article explores how the COVID-19 outbreak has impacted China–Europe relations. Unfolding the critical moments of the COVID-19 outbreak,...

  • Article
  • Open Access
15 Citations
6,668 Views
18 Pages

This paper employs a structural empirical model to gauge the possible effects of COVID-19, political and financial events on the returns and volatility of commercial banks. It observes that insured and run-prone uninsured depositors choose between di...

  • Article
  • Open Access
5 Citations
5,894 Views
18 Pages

Service providers are developing more sophisticated offerings, and it is important for them to understand the demographics and specific context by which individuals might procure their services. This allows companies to stay relevant to their custome...

  • Article
  • Open Access
2 Citations
3,433 Views
11 Pages

The present paper uses asymmetric cointegration and error-correction modeling where a nonlinear adjustment of the exchange rate yields results that are different than those yielded by linear models. We study cocoa imports for Turkey with advanced ARD...

  • Article
  • Open Access
7 Citations
6,028 Views
10 Pages

Business Closures and (Re)Openings in Real-Time Using Google Places: Proof of Concept

  • Daniel E. Rigobon,
  • Thibaut Duprey,
  • Artur Kotlicki,
  • Philip Schnattinger ,
  • Soheil Baharian and
  • Thomas R. Hurd

We present a new estimation of business opening and closure rates using data from Google Places—the data set behind the Google Maps service. Our algorithm, through a bisection routine, counts the appearance and disappearance of “pins&rdqu...

  • Article
  • Open Access
5 Citations
4,488 Views
19 Pages

In the current research we aim to analyse the public redevelopment projects financed in Hungary from the Territorial and Settlement Development OP between 2014 and 2020, with special focus on cultural use. Brownfield redevelopment is a major topic in...

  • Article
  • Open Access
2 Citations
2,945 Views
21 Pages

This paper examines the impact of vaccination programs on the stock market volatility of the travel and leisure sector. Using daily data from 56 countries over the period from January 2020 to March 2021, we find that vaccination leads to a decrease i...

  • Article
  • Open Access
13 Citations
9,141 Views
16 Pages

In some cases, accounting firms and individual auditors will be punished by the China Securities Regulatory Commission (CSRC) for involvement in the violations of their client companies. Taking the enforcement actions against listed companies and acc...

  • Article
  • Open Access
10 Citations
2,821 Views
14 Pages

Ukraine had had its ups and downs in recent years. It has, for example, dramatically improved its ease of doing business (EOBB), and it has made some progress reducing the relative size and influence of its shadow economy (Shadow). But, the Russian i...

  • Review
  • Open Access
10 Citations
5,147 Views
18 Pages

This work examines three frameworks for responding to economic disruption: risk mitigation, systemic recovery, and economic resilience. Specifically, by reviewing the metatheoretical commitments, analytic contexts, and implications of two economic pe...

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J. Risk Financial Manag. - ISSN 1911-8074