Econometrics on Economic Dynamics and Financial Markets

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Financial Markets".

Deadline for manuscript submissions: 30 November 2026 | Viewed by 1303

Special Issue Editors


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Guest Editor
Department of Business Administration, School of Economics and Business Administration, University of Thessaly, 41336 Larissa, Greece
Interests: econometrics; economy; trade; statistical analysis; spatial analysis; tax; taxation; gravity model; demography; migration; human geography; urban; rural; flows; ageing; multivariate analysis; regression; population; counterurbanization; shrinkage; gender; excise tax; excise duty; fraud; revenues; illicit trade; risk analysis

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Guest Editor
Department of Balkan, Slavic & Oriental Studies, School of Economic and Regional Studies, University of Macedonia, 54636 Thessaloniki, Greece
Interests: economic development; poverty & development; economic geography; international trade; foreign direct investment

Special Issue Information

Dear Colleagues,

We are pleased to inform you that we are the Guest Editors of a Special Issue entitled “Econometrics on Economic Dynamics and Financial Markets”, which will be published in the Journal of Risk and Financial Management.

In the light of the rapid transformation of financial markets and the global economy as a whole, analytical tools are required to study their nature and to refine their prediction methods. This Special Issue aims to showcase state-of-the-art economic dynamics and research on financial markets.

We welcome submissions using econometric approaches with applications that may include, but are not limited to, illustrations such as financial market fluctuations, the effects of macroeconomic policies, risk measurement, and transmission of economic shocks in a more integrated and multipolar global economy. We especially welcome the submissions of high-quality articles applying innovative methods, such as time-series analysis, panel data models, machine learning, and structural econometric modeling.

We aspire to disseminate pioneering theoretical and empirical research on economic dynamics and financial markets, as well as on economic growth and investment behavior. The proposed Special Issue aims to create an opportunity for scholars, practitioners, and policymakers to begin a robust conversation about the challenges and possibilities of an evolving global economy and international financial system.

Dr. Evgenia Anastasiou
Dr. Dimitrios Karkanis
Guest Editors

Manuscript Submission Information

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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. Journal of Risk and Financial Management is an international peer-reviewed open access monthly 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 1600 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

  • econometrics
  • economic dynamics
  • financial markets
  • economic performance
  • risk measurement
  • macroeconomic policies
  • economic shocks
  • panel data models
  • time-series analysis
  • machine learning
  • structural econometric modeling

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Published Papers (2 papers)

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Research

32 pages, 823 KB  
Article
Asymmetric and Time-Varying Dependence Between Effective Exchange Rate and Stock Return: Evidence from Taiwan
by Hung-Hsi Huang, Ya-Ting Li and Ching-Ping Wang
J. Risk Financial Manag. 2026, 19(5), 363; https://doi.org/10.3390/jrfm19050363 - 16 May 2026
Viewed by 130
Abstract
This study examines the dynamic relationship between exchange rates and stock returns in Taiwan, focusing on asymmetry and time-varying dependence. Using monthly and daily data from 1994 to 2024, we employ ARDL, NARDL, and error correction models (ECM), together with a time-varying copula [...] Read more.
This study examines the dynamic relationship between exchange rates and stock returns in Taiwan, focusing on asymmetry and time-varying dependence. Using monthly and daily data from 1994 to 2024, we employ ARDL, NARDL, and error correction models (ECM), together with a time-varying copula framework. We contribute to the literature in three ways. First, we provide a unified framework that jointly captures long-run equilibrium, short-run dynamics, and nonlinear dependence. Second, we document robust asymmetric effects, showing that currency depreciation stimulates stock returns, whereas appreciation exerts adverse effects, reflecting Taiwan’s export-oriented economic structure. Third, we show that the dependence between exchange rates and stock returns is time-varying and highly persistent. Overall, the findings highlight the importance of nonlinear and time-varying approaches in understanding exchange rate–stock market interactions and offer important implications for investors and policymakers. Full article
(This article belongs to the Special Issue Econometrics on Economic Dynamics and Financial Markets)
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15 pages, 1474 KB  
Article
Pricing Reform Progress: Evidence from Sovereign Spreads and Consensus Forecasts
by Ken Miyajima
J. Risk Financial Manag. 2026, 19(1), 32; https://doi.org/10.3390/jrfm19010032 - 3 Jan 2026
Viewed by 697
Abstract
Investors reward reform progress. The progressive tightening of Qatar’s external sovereign credit spreads was underpinned by holistic reforms, fiscal spending discipline, and monetary policy credibility. In particular, investors may view fiscal spending discipline as an integral part of Qatar’s holistic reform and economic [...] Read more.
Investors reward reform progress. The progressive tightening of Qatar’s external sovereign credit spreads was underpinned by holistic reforms, fiscal spending discipline, and monetary policy credibility. In particular, investors may view fiscal spending discipline as an integral part of Qatar’s holistic reform and economic diversification. Greater broad-based reform progress also boosts the resilience of sovereign credit spreads to external shocks. The findings support fiscal and monetary policy reforms as part of the broader reform agenda in a holistic manner, as planned under the Third National Development Strategy. Full article
(This article belongs to the Special Issue Econometrics on Economic Dynamics and Financial Markets)
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