We survey the emerging literature on safe assets. The recent evidence on a time-varying
safety premium suggests a demand for safety quite distinct from liquidity and classic money …

This paper investigates the impact of natural resources on conflict-capital flows relationship
in 54 African economies over the 2010–2019 period. Applying econometric method of data …

The shift towards a digital economy should lead to changes in the allocation methods of
foreign direct investment (FDI), especially given the reduced need to transfer physical …

The study investigates the interconnectedness and risk spillover among a diverse range of
financial assets, including thirty-three cryptocurrencies, thirteen sectoral indices, six …

Political economists have theorized the structural power of finance as a function of the
scarcity of financial capital, which empowers its owners and intermediaries to (threaten) exit …

Purpose To investigate the role of domestic and foreign economic policy uncertainty (EPU)
in driving the corporate bond yields in emerging markets. Design/methodology/approach …

How do real interest rates affect financial fragility? We study this issue in a model where
bank borrowing is subject to rollover risk. A bank's optimal borrowing trades off the benefit …

We analyse bank runs under fundamental and asset liquidity risk, adopting a realistic
description of bank default. We obtain an unique run equilibrium, even as fundamental risk …

What is the sectoral composition of the market for safety, and does it matter for economic
stability? To address these questions, we construct a novel dataset of sectoral safe asset …

We study the borrowing of a bank subject to rollover risk and derive implications for
monetary policy transmission and financial stability. The optimal borrowing balances the …