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In mid-2023, United Nations Secretary-General António Guterres warned that almost 80 years following the end of World War Two, “the global financial architecture is outdated, dysfunctional, and unjust. It is no longer capable of meeting...

This study examines risk transmission between the United States and China using integrated economic policy uncertainty (EPU) and geopolitical risk (GPR) indices. We employ a dual methodology that combines Vector Autoregressive (VAR) and Granger causa...

Studies on tax compliance have predominantly used the theory of planned behavior. This study combines the theory of planned behavior with social identity theory. This study examines tax fairness (subjective norms), tax complexity (perceived behaviora...

This paper examines the profitability of Stablecoin Issuance as regulated by the GENIUS Act. We provide an analysis of the revenues and expenses that can be expected to be earned and incurred by any regulated Stablecoin Issuer, as well as the competi...

Traditional risk models often fail to capture extreme losses in interconnected global stock markets. This study introduces a novel approach, Expectile Regression Neural Network with Modified LASSO regularization (ERNN-mLASSO), to model nonlinear syst...

Over the past three decades, rising income inequality has undermined economic performance and posed challenges for policymakers, highlighting the need to identify its underlying drivers to design effective policy responses. Financial development is o...

The increasing complexity of energy systems amid the global push for decarbonization raises important questions about how transitions in the energy matrix affect financial risk in electricity markets. This study investigates the relationship between...

This study examines the early impact of Industry 4.0 (I4.0) implementation on the financial performance of Croatian companies, focusing on indicators of profitability, efficiency, and activity. The research investigates whether firms adopting I4.0 te...

This paper examines the impact of the COVID-19 pandemic on the volatility of the EUR/MRU and USD/MRU exchange rates using GARCH-type models. Symmetric GARCH(1,1) and asymmetric specifications—EGARCH and GJR-GARCH—are applied to capture po...

The Hurst parameter H plays a critical role in modeling long-memory behavior in financial time series, particularly within the framework of the fractional Black–Scholes model (fBSM). While the Method of Moments (MOM) provides a fast, closed-for...