Explanipedia

The effect of currency risk on crypto asset utilization in Türkiye Open

Nico Oefele, Dirk G. Baur, Lee A. Smales · 2025

U.S. Presidential news coverage: Risk, uncertainty and stocks Open

Kam Fong Chan, Lee A. Smales · 2025

By measuring the frequency of risk and uncertainty synonyms adjacent to mentions of sitting U.S. Presidents in news articles, this study introduces the Presidential Uncertainty and Risk (PUR) index. The index displays distinctive spikes du…

No Smiles -Volatility Patterns when Trading is Continuous Open

Usman Arief, Dirk G. Baur, Lee A. Smales · 2025

What do investors need to know about SEC news? Open

Xiaorui Zhang, Lee A. Smales, Kam Fong Chan · 2025

Are stablecoins the money market mutual funds of the future? Open

Nico Oefele, Dirk G. Baur, Lee A. Smales · 2024

The relevance of dark trading for information acquisition in the German stock market Open

Deelaka Ekanayake, Lee A. Smales, Yuanji Wen · 2024

The influence of uncertainty on commodity futures returns and trading behaviour Open

Joshua Laubsch, Lee A. Smales, Duc Hong Vo · 2024

How is Trading Behavior in Commodity Futures Affected by the 52-Week High and Low? Open

Joshua Laubsch, Lee A. Smales, Duc Hong Vo · 2024

We use the Commodity Futures Trading Commission's Commitment of Traders report to investigate the trading behavior of traders in 12 commodity futures markets. Commercial traders are contrarian, consistent with anchoring and the prevalence …

U.S. Presidential News Coverage: Risk, Uncertainty and Equities Open

Kam Fong Chan, Lee A. Smales · 2024

Technical talk in bitcoin and equity Open

Daniel Cahill, Zhangxin Liu, Lee A. Smales · 2024

The Effect of Currency Risk on Crypto Asset Utilization in Türkiye Open

Nico Oefele, Dirk G. Baur, Lee A. Smales · 2024

Decoding DAI: Exploring Collateral Evolution and Price Dynamics Open

Nico Oefele, Dirk G. Baur, Lee A. Smales, Ganesh Viswanath-Natraj · 2024

Flight-to-quality—Money market mutual funds and stablecoins during the March 2023 banking crisis Open

Nico Oefele, Dirk G. Baur, Lee A. Smales · 2023

The March 2023 banking crisis prompted a flight-to-quality, with inflows into money market mutual funds and outflows from stablecoins. Similar flows from riskier to safer categories within both asset classes highlight the important role of…

Classification of RBA monetary policy announcements using ChatGPT Open

Lee A. Smales · 2023

ChatGPT is a tool that has gained much attention and has accelerated the adoption of Artificial Intelligence across many applications. Using monetary policy decisions made by the Reserve Bank of Australia (RBA), we test whether ChatGPT's c…

Lost in translation. When sentiment metrics for one market are derived from two different languages Open

Robert B. Durand, Joyce Khuu, Lee A. Smales · 2023

We compare two text-based proxies for the sentiment of investors in the Japanese market. Both proxies are constructed by Thomson Reuters using the same algorithm, and the only difference between them is that the first proxy is derived usin…

Short interest and the stock market relation with news sentiment from traditional and social media sources Open

Ben Chamberlain, Zhangxin Liu, Lee A. Smales · 2023

We examine how the stock market relation to news sentiment—from traditional and social media (Twitter) sources—interacts with short selling of stocks. Our sample includes the S&P500 constituents for the period January 2016 to December 2020…

Digging Deeper - Is Bitcoin Digital Gold? A Mining Perspective Open

Dirk G. Baur, Jonathan R. Karlsen, Lee A. Smales, Allan Trench · 2023

Are Stablecoins the Money Market Mutual Funds of the Future? Open

Nico Oefele, Dirk G. Baur, Lee A. Smales · 2023

Commodity Futures Trading at the 52-Week High and Low Open

Joshua Laubsch, Lee A. Smales, Duc Hong Vo · 2023

Classification of RBA Monetary Policy Announcements Using ChatGPT Open

Lee A. Smales · 2023

Flight to Quality - Money Market Mutual Funds and Stablecoins During the March 2023 Banking Crisis Open

Nico Oefele, Dirk G. Baur, Lee A. Smales · 2023

Stock Market Liquidity During Crisis Periods: Australian Evidence Open

Lee A. Smales · 2023

Trading Behavior in Agricultural Commodity Futures around the 52-Week High Open

Lee A. Smales · 2022

Utilizing the Commodity Futures Trading Commission’s Commitment of Traders report, we examine the behavior of traders in three large agricultural futures markets (corn, soybean, and wheat) when prices are at a key technical trading level—t…

Trading behavior in bitcoin futures: Following the “smart money” Open

Dirk G. Baur, Lee A. Smales · 2022

The Bitcoin futures market has grown rapidly since its 2017 introduction. Along with enabling institutional traders to access a regulated cryptocurrency product, futures provide a means to improve market efficiency by shorting Bitcoin. We …

The Relevance of Dark Trading for Information Acquisition in German Stocks Open

Deelaka Ekanayake, Lee A. Smales, Yuanji Wen · 2022

Is investor attention on r/wallstreetbets different? Open

Daniel Cahill, Zhangxin Liu, Lee A. Smales · 2022

Volatility Spillovers among Cryptocurrencies Open

Lee A. Smales · 2021

The cryptocurrency market has experienced stunning growth, with market value exceeding USD 1.5 trillion. We use a DCC-MGARCH model to examine the return and volatility spillovers across three distinct classes of cryptocurrencies: coins, to…

Investor Attention and Cryptocurrency Price Crash Risk: A Quantile Regression Approach Open

Lee A. Smales · 2021

One Session Options: Playing the announcement lottery? Open

Lee A. Smales, Zhangxin Liu, Cameron D. Robertson · 2021

The Influence of Policy Uncertainty on Exchange Rate Forecasting Open

Lee A. Smales · 2021

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