Issue 1 (March)

Vol. 3 (2024), FEL

6 articles

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Open Access Journal Article
How do financial regulations and economic freedoms affect bank profitability? Empirical Evidence from the OIC Region
by Ousman Mohammed Yimam
FEL  2024, 21; 3(1), 21; 10.58567/fel03010001 - 15 January 2024
Banks operating within a free economic environment and with constructive regulatory frameworks can function with enhanced efficiency, augmenting their profitability. This study aimed to examine the influence of economic freedom and financial restrictions on banks' profitability within the Organization of Islamic Cooperation member nations. The study used a sample of 1453 banks, [...] Read more

Open Access Letter
Asymmetric Efficiency: Contrasting Sustainable Energy Indices with Dirty Cryptocurrencies
by Rosa Galvão  and  Rui Dias
FEL  2024, 22; 3(1), 22; 10.58567/fel03010002 - 16 January 2024
This paper examines the efficiency, in its weak form, of the clean energy stock indices, Clean Coal Technologies, Clean Energy Fuels, and Wilderhill, as well as the cryptocurrencies classified as "dirty", due to their excessive energy consumption, such as Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETH Classic), and Litecoin (LTC), from January 2020 to May 30, 2023. In ord [...] Read more

Open Access Journal Article
The Impact of Economic Policy Uncertainty on Systemic Risk in the Fintech Industry: Evidence from Crisis Events and the COVID-19 Pandemic
by Aktham Maghyereh  and  Jinxin Cui
FEL  2024, 23; 3(1), 23; 10.58567/fel03010003 - 16 January 2024
This paper investigates the effect of economic policy uncertainty (EPU) on the systemic risk of the fintech industry. To achieve this goal, we first estimate the evolution of system-wide systemic risk using the CatFin method. We further examine whether EPU significantly affects systemic risk. Our findings demonstrate that the systemic risk of the fintech industry is time-varian [...] Read more

Open Access Journal Article
African exchange rates amidst the COVID-19 pandemic
by Turki Rashed Alshammari
FEL  2024, 24; 3(1), 24; 10.58567/fel03010005 - 17 January 2024
The study investigates the impact of COVID-19 on African exchange rates, employing a panel dataset over the period 2016-2022 from 13 African economies and employing pooled OLS estimator. The findings reveal a noteworthy positive correlation between COVID-19 levels and exchange rates within the region. However, this association necessitates deeper exploration due to its multifac [...] Read more

Open Access Journal Article
Nexus Between Asset Class Volatility and the Output Gap in Nigeria: A Bayesian Var Approach
by richard umeokwobi , Abayomi Awujola , Emeka Nkoro  and  Marvelous Aigbedion
FEL  2024, 25; 3(1), 25; 10.58567/fel03010004 - 19 January 2024
Excessive volatility in financial markets can disrupt economic activity, affect investor and consumer confidence, and potentially lead to financial crises in an economy. Due to this backdrop, this study examined the link between asset class volatility and the output gap in Nigeria. The asset classes were categorized into stock, crude, gold, and bitcoin. The study adopted the GA [...] Read more

Open Access Journal Article
COVID-19 and SMEs deposits with commercial banks: evidence from African economies
by Abdulazeez Y.H. Saif-Alyousfi
FEL  2024, 19; 3(1), 19; 10.58567/fel03010006 - 15 March 2024
This paper examines the impact of COVID-19 on Small and medium-sized enterprises (SMEs) deposits across 13 African nations from 2016 to 2022, using a seven-year dataset and Ordinary Least Squares estimator. Notably, it uncovers a significant positive link between the pandemic and SMEs deposits, indicating heightened reserves amidst economic uncertainty, potentially driven by ri [...] Read more
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