In An Engine, Not a Camera, Donald MacKenzie argues that the emergence of modern
economic theories of finance affected financial markets in fundamental ways. These new …

This paper develops a broad concept of systemic risk, the basic economic concept for the
understanding of financial crises. It is claimed that any such concept must integrate systemic …

We characterize asset return linkages during periods of stress by an extremal dependence
measure. Contrary to correlation analysis, this nonparametric measure is not predisposed …

This study investigates the dynamic structure of nine major stock markets using an error
correction model and directed acyclic graphs (DAG). The DAG representation provides a …

The main purpose of the study is:(i) to examine the long-and short-term dynamic linkages
among international and Asian emerging stock markets and then (ii) try to quantify the extent …

Sažetak This paper examines the financial cointegration and spillover effect of the global
financial crisis to emerging Asian financial markets (India, China, Pakistan, Malaysia, Russia …

The existing finance literature is inconclusive on the relations between exchange rate
movements and macroeconomic variables (see Aggarwal, 1981; Edison, 1991; Frenkel …

This article distinguishes two meanings of the performativity of economics, a thesis
advanced by Michel Callon:'generic'performativity, according to which markets and other …

This paper investigates the dynamic causal linkages amongst nine major international stock
price indexes. In order to gauge the causal transmission patterns we employ very recent …

The study aims to determine the short and long run relationships, and impulsive response
effect of energy resources and precious metals on conventional and Islamic stocks through …