Financial Economics Letters

oa Open Access

E-ISSN: 2972-3426

Financial Economics Letters (FEL) is a scholarly peer-reviewed journal invited submissions in all areas of financial economics, broadly defined. FEL’s emphasis is on theoretical developments and their implementation, empirical, applied, and policy-oriented research in financial economics.

Papers are invited in the following areas: Asset Management; Asset Pricing; Bankruptcy and Liquidation; Behavioural Finance; Bitcoin Investment; Banking; Corporate Finance; Corporate Governance; Commodities; Contagion, Crises and Interdependence; Derivatives; Energy Finance; FinTech; Fund Management; Financial Econometrics; Financial markets and marketplaces; Financial Mathematics and Econophysics; Forecasting; International Finance; Market Efficiency; Mergers, Acquisitions and the Market for Corporate Control; Micro Finance Institutions Microstructure; Networks; Performance Analysis; Political Risk; Portfolio Optimization; Regulation of Financial Markets and Institutions; Risk Management and Analysis; Systemic Risk; Term Structure Models; Venture Capital.

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Latest Articles More >>
Open Access Journal Article
Digital Currency and Financial Markets in Nigeria: Impact and Policy Implications
by Chioma Nwosu Peace , Bosha Ernest Oryiman  and  Abubakar Ibrahim Sani
FEL 2023, 2 (3); 10.58567/fel02030003 - 01 December 2023
Abstract
The rise of privately issued digital currencies, which primarily serve as alternative investment assets poses a challenge to the traditional financial instruments traded in the financial market. This study examines the dynamic relationship between the major privately issued digital currency (Bitcoin) and two financial market securities in Nigeria. The paper employed Vector Auto [...] Read more

Open Access Journal Article
A pipeline between producer and consumer prices in Ghana: A Policy Issue
by Johnson Worlanyo Ahiadorme  and  Linda Akoto
FEL 2023, 2 (3); 10.58567/fel02030002 - 20 November 2023
Abstract
As prices have grown at their fastest pace in recent times, inflation has become a key concern for the macro-policy environment. In many jurisdictions, consumer prices have typically formed the basis for price stability policies. Notwithstanding, producer prices remain an important channel and must be closely watched. We utilise data on Ghana and investigate the causal links be [...] Read more
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Open Access Journal Article
Path to Improve the Professional Quality of Students Majoring in Financial News: Micro Evidence from 300 Questionnaires from Three Universities
by Chunhua Zhang  and  Yanjun Jin
FEL 2023, 2 (3); 10.58567/fel02030001 - 14 November 2023
Abstract
There must be a better match between the supply of financial news graduates in colleges and the media's demand for financial news talents. Based on 300 questionnaires and in-depth interviews from three universities, namely Shanghai University of Finance and Economics, Nanjing University of Finance and Economics, and Jiangxi University of Finance and Economics, this paper uses t [...] Read more

Open Access Journal Article
Economic Unrest and Investment Perspective on Liquidity in relation to the Investor Sentiments
by Jawad Saleemi
FEL 2023, 2 (2); 10.58567/fel02020005 - 09 November 2023
Abstract
Liquidity and its associated issues are one of dominant strands in the market microstructure. In this study, microblogging-based behavioral perspective on economic unrest is linked to the market liquidity. The concept of liquidity is examined in terms of price dispersion relative to the quantity traded. The analysis contains the quantification of multiple linear regression, Gau [...] Read more
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Open Access Letter
Progress, Evolving Paradigms and Recent Trends in Economic Analysis
by Robertas Damasevicius
FEL 2023, 2 (2); 10.58567/fel02020004 - 27 October 2023
Abstract
This paper provides a thorough review of the shifting landscape of economic analysis, spotlighting recent trends and predicting future paths. While traditional economic models remain key for interpreting economic activity, they are being supplemented by fresh methods and cross-disciplinary viewpoints. The increased attention to inequality studies, using advanced statistical tec [...] Read more

Open Access Letter
Getting high on the market: Stock price movements, drug abuse, and health implications
by Tomasz Piotr Wisniewski  and  Brendan John Lambe
FEL 2023, 2 (2); 10.58567/fel02020003 - 25 October 2023
Abstract
Using an international dataset, this letter finds that high stock returns are associated with increased death rates from drug use disorders. Although the out-of-pocket expenditure on healthcare also rises following a stock market surge, the net effect on life expectancy is significantly negative. [...] Read more

Open Access Letter
Gold and Bitcoin as Hedging Instruments for Equity Markets under Crisis
by Rubaiyat Ahsan Bhuiyan , Tze Chi Chin  and  Changyong Zhang
FEL 2023, 2 (2); 10.58567/fel02020002 - 11 October 2023
Abstract
Gold has been traditionally well recognized as a safe heaven for financial markets. Lately, Bitcoin has been gradually considered as a popular alternative. Since the outbreak of COVID-19 in early 2020, it has become even more necessary and critical to examine the diversification capability of them to hedge financial risks associated with an unexpected crisis comparable to the p [...] Read more

Open Access Letter
Renewable Rush in Syria Faces Economic Crisis
by Mohamad Abou Houran  and  Abd Alwahed Dagestani
FEL 2023, 2 (2); 10.58567/fel02020001 - 11 October 2023
Abstract
Since 2011, the conflict in Syria left the country with a devastating energy sector and fragile economy. The residents struggle daily to live with only two hours a day of electricity. The crisis encouraged some Syrians to assemble photovoltaic (PV) panels to generate energy. Unfortunately, the geopolitical risks, the inflation, and displacement are making the situation worse. T [...] Read more

Open Access Letter
Government deficit and “The World’s smallest macroeconomic model” by Paul Krugman
by Yasuhito Tanaka
FEL 2023, 2 (1); 10.58567/fel02010005 - 14 September 2023
Abstract
In his "The World’s smallest macroeconomic model” (Krugman (1999)), Paul Krugman argued that under the assumption of price rigidity, a shortage of money supply leads to underemployment or recession, so increasing money supply can eliminate underemployment and restore full employment. But, how do we increase the money supply? I will show that we need a government def [...] Read more

Open Access Letter
Money holding and budget deficit in a growing economy with consumers living forever
by Yasuhito Tanaka
FEL 2023, 2 (1); 10.58567/fel02010004 - 14 September 2023
Abstract
I examine the problem of budget deficit in a growing economy in which consumers hold money as a part of their savings in the case where consumers live forever. For simplicity and tractability I use a discrete time dynamic model and Lagrange multiplier method. In the appendix I briefly explain the solution using a discrete time version of the Hamiltonian method. I will show the [...] Read more