Derivatives Markets Development and Country Political Risk (CROSBI ID 714962)
Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Škrabić Perić, Blanka ; Smiljanić Rimac, Ana
engleski
Derivatives Markets Development and Country Political Risk
This paper investigates the impact of country political risk on currency derivatives market turnover for 19 countries. Previous empirical literature has confirmed the role that political risk has on financial institutions and the stock market development, whereas the relationship between currency derivatives and political risk has not been empirically investigated Therefore, taking into account the heterogeneity of the selected currency derivatives markets and a possible heterogeneity in the relationship between derivatives turnover and political risk, heterogeneous non-causality test in panels are employed. This method successfully deals with both types of heterogeneity. The results have confirmed the heterogeneous causality of political risk on currency derivatives markets. Moreover, political risk has a more significant effect on currency derivatives turnover in countries with a less developed financial system
derivatives, country political risk, financial system development, non-causality test in heterogeneous panel
nije evidentirano
nije evidentirano
nije evidentirano
nije evidentirano
nije evidentirano
nije evidentirano
Podaci o prilogu
519-524.
2021.
objavljeno
Podaci o matičnoj publikaciji
SOR '21 proceedings : the 16th International Symposium on Operational Research in Slovenia
Drobne, S. ; Zadnik Stirn, Lidija ; Kljajić Borštnar, Mirjana. ; Povh, Janez ; Žerovnik, Janez (ur.).
Lahti: Slovensko društvo informatika
978-961-6165-57-0
Podaci o skupu
16th International Symposium on Operations Research in Slovenia (SOR '21)
predavanje
22.09.2021-24.09.2021
Bled, Slovenija