Journal of Financial Economic Policy: Volume 14 Issue 4

New developments in financial economics

Thomas D. Willett

This study aims to critically review recent contributions to the methodology of financial economics and discuss how they relate to one another and directions for further research.

Quantitative easing, macroeconomic stability and economic policy effectiveness

Richard Cebula, Fabrizio Rossi

This study mathematically aims to evaluate the implications of a central bank’s adoption of a policy of quantitative easing (QE)/relative QE.

The government spending multiplier in Latin American countries: does the institutional environment matter?

Rafael Acevedo, Jose U. Mora, Andrew T. Young

Mora and Acevedo (2019) report that the government spending multipliers in Latin American countries are notably higher than what is typically reported for developed economies…

The validity of the irrelevant theory in Middle East and North African markets: conventional banks versus Islamic banks

Akram Ramadan Budagaga

The purpose of this paper is to test the validity of irrelevant theory empirically by exploring the relationship between cash dividends, profitability, leverage and investment…

Doing Business and capital flight: role of financial development

John Kwaku Mensah Mawutor, Freeman Christian Gborse, Ernest Sogah, Barbara Deladem Mensah

The purpose of this paper is to investigate the effect of financial development on the Doing Business and capital flight contagion. And further, this study determines the…

On extreme value theory in the presence of technical trend: pre and post Covid-19 analysis of cryptocurrency markets

Saji Thazhungal Govindan Nair

Research on price extremes and overreactions as potential violations of market efficiency has a long tradition in investment literature. Arguably, very few studies to date have…

Is stock market in Sub-Saharan Africa resilient to health shocks?

Terver Kumeka, Patricia Ajayi, Oluwatosin Adeniyi

This paper aims to examine the impact of health and other exogenous shocks on stock markets in Africa. Particularly, the authors examined the resilience of the major stock markets…