Nicholas Apergis
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View article: Bank green transition or greenwashing? How truly green are perceived the projects financed by green bonds issued by European banks?
Bank green transition or greenwashing? How truly green are perceived the projects financed by green bonds issued by European banks? Open
Banks play a pivotal role in supporting the real economy throughout the transition toward a more environmentally sustainable model. Among the initiatives available to them, the issuance of green bonds represents a concrete means of demonst…
View article: Multifractal relationship between decomposed oil price shocks and trading volume
Multifractal relationship between decomposed oil price shocks and trading volume Open
The decomposition of oil price shocks is crucial for understanding the multifractal nature of price-volume dynamics in crude oil futures. Using the structural vector autoregression (SVAR), this study decomposes the crude oil futures prices…
View article: Climate Transition Policy Risk and the Performance of Green vs Brown Stocks
Climate Transition Policy Risk and the Performance of Green vs Brown Stocks Open
View article: Geopolitical Risk and Energy Price Crash Risk
Geopolitical Risk and Energy Price Crash Risk Open
View article: Transition climate risks and corporate risky asset holdings: evidence from US firms
Transition climate risks and corporate risky asset holdings: evidence from US firms Open
Using data from US firms over 22 years, this paper shows that firms’ risky asset holdings are negatively associated with their transition climate risks exposure. The evidence remains robust across model specifications and robustness checks…
View article: Eurozone inflation: fresh projections from global factors
Eurozone inflation: fresh projections from global factors Open
This study identifies the contributions of global factors in determining eurozone inflation. The analysis makes use of an augmented Phillips curve model of inflation, as well as panel data estimates. The findings document the importance of…
View article: Climate Policy Risks, Market Volatility, and Credibility: Fresh Evidence from the US Transition Climate Policy and Textual Analysis
Climate Policy Risks, Market Volatility, and Credibility: Fresh Evidence from the US Transition Climate Policy and Textual Analysis Open
View article: The presence of a latent factor in gasoline and diesel prices co-movements
The presence of a latent factor in gasoline and diesel prices co-movements Open
View article: Pandemic, sentiments over COVID-19, and EU convergence
Pandemic, sentiments over COVID-19, and EU convergence Open
This study examines the convergence/divergence of people's sentiments over Covid-19 in European economies and investigates the role of the support policies that were implemented by governments and central banks. The analysis focuses on 26 …
View article: FDI Inflows and Urbanization: A Cross-country Comparison from Asia, Africa and Latin America
FDI Inflows and Urbanization: A Cross-country Comparison from Asia, Africa and Latin America Open
Since the last three decades, urbanization has been considered an engine of economic development and attracting foreign investment, particularly for developing countries. We explore the role of urbanization upon inward foreign direct inves…
View article: The role of the COVID-19 pandemic in US market volatility: Evidence from the VIX index
The role of the COVID-19 pandemic in US market volatility: Evidence from the VIX index Open
We examine how the implied volatility in the US financial market has been affected by the COVID-19 pandemic. We decompose the Chicago Board Options Exchange (CBOE) Volatility Index (VIX) into two implied volatility conditions (i.e., low an…
View article: Correction to: does economic structure matter for income inequality?
Correction to: does economic structure matter for income inequality? Open
View article: The connectedness between green and conventional bond yields during the COVID-19 crisis: The role of the vaccination process
The connectedness between green and conventional bond yields during the COVID-19 crisis: The role of the vaccination process Open
View article: Climate factor and banks’ resilience: Evidence from US banks
Climate factor and banks’ resilience: Evidence from US banks Open
This study explores how the climate factor impacts the resilience of the US banking system. Using an extended sample of banks, spanning the period 2000-2020, the findings document a negative effect of this climate factor on banks’ resilien…
View article: How do foreign direct investment flows affect carbon emissions in BRICS countries? Revisiting the pollution haven hypothesis using bilateral FDI flows from OECD to BRICS countries
How do foreign direct investment flows affect carbon emissions in BRICS countries? Revisiting the pollution haven hypothesis using bilateral FDI flows from OECD to BRICS countries Open
Foreign direct investment (FDI) flows from developed to developing countries may increase carbon emissions in developing countries as developing countries are seen as pollution havens due to their lenient environmental regulations. On the …
View article: Borrower- and lender-based macroprudential policies: What works best against bank systemic risk?
Borrower- and lender-based macroprudential policies: What works best against bank systemic risk? Open
This paper investigates the complementarity between the different macroprudential policies to contain bank systemic risk. We use a newly updated version of the IMF survey on Global Macroprudential Policy Instruments (GMPI). By disentanglin…
View article: Does climate policy uncertainty affect tourism demand? Evidence from time-varying causality tests
Does climate policy uncertainty affect tourism demand? Evidence from time-varying causality tests Open
This study examines whether climate policy uncertainty affects the propensity of people to travel. To do so, we employ the Climate Policy Uncertainty (CPU) index and US air-travel data to eight regional overseas destinations for the period…
View article: Hotel Revenue Convergence: Evidence Across Star Hotels in Chinese Provinces
Hotel Revenue Convergence: Evidence Across Star Hotels in Chinese Provinces Open
View article: Role of Financial Development, Green Technology Innovation, and Macroeconomic Dynamics Toward Carbon Emissions in China: Analysis Based on Bootstrap ARDL Approach
Role of Financial Development, Green Technology Innovation, and Macroeconomic Dynamics Toward Carbon Emissions in China: Analysis Based on Bootstrap ARDL Approach Open
This study focuses on determining the relationship between carbon emissions, financial development, population, green technology innovation, energy Consumption, and employment rate from 1980 to 2019 in China. The study applies the unit roo…
View article: Do gasoline and diesel prices co-move? Evidence from the time–frequency domain
Do gasoline and diesel prices co-move? Evidence from the time–frequency domain Open
View article: Corruption and partisan polarization: evidence from the European Union
Corruption and partisan polarization: evidence from the European Union Open
Recent work documents that even though partisan polarization may have detrimental economic and social outcomes, polarized societies lead to better governance and less corruption. However, the effect of corruption on partisan polarization h…
View article: Club convergence and factors of income inequality in the<scp>European Union</scp>
Club convergence and factors of income inequality in the<span>European Union</span> Open
The measurement of inequality and its determinants are major tasks within the economic literature. The main objectives of this paper are to identify patterns of convergence in the income inequality in European Union countries and to invest…
View article: Financial frictions in the US: asymmetric effects per industry
Financial frictions in the US: asymmetric effects per industry Open
The article explores the link between lending rates and real output asymmetries and bankruptcy costs across US industries. The results document that bankruptcy costs impact such asymmetries, indicating stronger financial frictions in those…
View article: Convergence in non-performing loans across EU banks: The role of COVID-19
Convergence in non-performing loans across EU banks: The role of COVID-19 Open
Given the impact of the COVID-19 pandemic on the European real economy, European banks are likely expected to be confronted by a wave of non-performing loans. Focusing on a sample of large banks in the EU area over the pre and during the C…
View article: Nonlinear responses of consumption to wealth, income, and interest rate shocks
Nonlinear responses of consumption to wealth, income, and interest rate shocks Open
View article: A technical efficiency analysis of intra-central bank settlement mechanism in Eurozone
A technical efficiency analysis of intra-central bank settlement mechanism in Eurozone Open
This work employs the stochastic frontier method to explore the efficiency of the TARGET2 (T2) balances mechanism across the Eurozone countries. An index is introduced to support the estimation strategy and derives meaningful results from …
View article: Does Climate Policy Uncertainty Plunge Renewable Energy Consumption? New Insights from Novel Fourier Augmented Ardl Approach
Does Climate Policy Uncertainty Plunge Renewable Energy Consumption? New Insights from Novel Fourier Augmented Ardl Approach Open
View article: Modelling Australian Electricity Prices Using Indicator Saturation
Modelling Australian Electricity Prices Using Indicator Saturation Open
View article: Borrower- and Lender-Based Macroprudential Policies: What Works Best Against Bank Systemic Risk?
Borrower- and Lender-Based Macroprudential Policies: What Works Best Against Bank Systemic Risk? Open
View article: COVID-19 and cryptocurrency volatility: Evidence from asymmetric modelling
COVID-19 and cryptocurrency volatility: Evidence from asymmetric modelling Open