Search for Articles:
Title / Keyword
Author / Affiliation / Email
Journal
Article Type
 
 
Advanced Search
 
Section
Special Issue
Volume
Issue
Number
Page
 
2.8
Journals
JRFM
Special Issues
Advances in Banking and Finance
share announcement

Advances in Banking and Finance

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Banking and Finance".

Deadline for manuscript submissions: closed (31 December 2021) | Viewed by 26857

Special Issue Editors

Prof. Dr. Chien-Chiang Lee

E-Mail Website
Guest Editor
Research Center of the Central China for Economic and Social Development, Nanchang University, Nanchang 330031, China
Interests: energy and environmental economics; banking and finance; economic development
Dr. Chi-Chuan Lee

E-Mail Website
Guest Editor
Institute of Development Studies, Southwestern University of Finance and Economics, Chengdu, China
Interests: banking; corporate finance; energy finance; sustainable development
Dr. Zixiong Xie

E-Mail Website
Guest Editor
Department of International Economics and Trade, College of Economics, Jinan University, Guangzhou 510632, China
Interests: macrofinance; environmental economics; economic forecasting, applied econometrics
Dr. Michał Buszko

E-Mail Website
Guest Editor
Department of Finance Management Faculty of Economic Sciences and Management Nicholas Copernicus University in Toruń ul. Gagarina 13A, 87-100 Toruń, Poland
Interests: banking and finance; international banking; sustainability and finance; foreign currency market; business valuation

Special Issue Information

Dear Colleagues,

Three obvious facts that have attracted scholarly attention are changes in the processes of globalization, the increasing economic complexity and related risks, and the development of information technology together with the growth of available financial data. New developments in different fields of banking and finance have a lot of bearing on contemporary research practices in academic institutions and practices in economic and financial activities while changing traditional businesses and the future of finance. To share this knowledge, this Special Issue of JRFM focuses on the topic of “Advances in Banking and Finance” and includes the latest research and findings in all areas of finance, with special attention paid to recent developments and challenges in banking and finance.

Theoretical and empirical articles on novelty in financial markets and institutions, banking performance, financial regulation and bank stability, corporate finance and governance, asset pricing and allocation, risk management and analysis, green finance and sustainable development, and finance and sustainability are welcome.

Contributions focusing on new challenges in financial markets and institutions, banking and economic activities, fintech innovation and banking efficiency, market linkages, financial crises and contagion, macrofinance, uncertainty and corporate decision-making, risk measures and financial instability, re-orienting finance to incorporate sustainability, climate-related risks and finance, and other related topics are encouraged.

Prof. Dr. Chien-Chiang Lee
Dr. Chi-Chuan Lee
Dr. Zixiong Xie
Dr. Michał Buszko
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • new challenges in banking and finance
  • globalization and risk contagion
  • financial technology and bank performance
  • systemic risk and financial stability
  • green finance and sustainable development
  • uncertainty and decision making

Related Special Issue

Published Papers (6 papers)

Download All Papers
Order results
Result details
Show export options expand_more Show export options expand_less
Select all
Export citation of selected articles as:

Research

Jump to: Review

19 pages, 429 KiB  
Article
Climate Transition Risk and the Impact on Green Bonds
by Yevheniia Antoniuk and Thomas Leirvik
J. Risk Financial Manag. 2021, 14(12), 597; https://0-doi-org.brum.beds.ac.uk/10.3390/jrfm14120597 - 10 Dec 2021
Cited by 5 | Viewed by 4710
Abstract
The green bond market develops rapidly and aims to contribute to climate mitigation and adaptation significantly. Green bonds as any asset are subject to transition climate risk, namely, regulatory risk. This paper investigates the impact of unexpected political events on the risk and [...] Read more.
The green bond market develops rapidly and aims to contribute to climate mitigation and adaptation significantly. Green bonds as any asset are subject to transition climate risk, namely, regulatory risk. This paper investigates the impact of unexpected political events on the risk and returns of green bonds and their correlation with other assets. We apply a traditional and regression-based event study and find that events related to climate change policy impact green bonds indices. Green bonds indices anticipated the 2015 Paris Agreement on climate change as a favorable event, whereas the 2016 US Presidential Election had a significant negative impact. The negative impact of the US withdrawal from the Paris agreement is more prominent for municipal but not corporate green bonds. All three events also have a similar effect on green bonds performance in the long term. The results imply that, despite the benefits of issuing green bonds, there are substantial risks that are difficult to hedge. This additional risk to green bonds might cause a time-varying premium for green bonds found in previous literature. Full article
(This article belongs to the Special Issue Advances in Banking and Finance)
►▼ Show Figures

Figure 1

21 pages, 2436 KiB  
Article
Improvement of Service Quality in the Supply Chain of Commercial Banks—A Case Study in Vietnam
by Han-Khanh Nguyen and Thuy-Dung Nguyen
J. Risk Financial Manag. 2021, 14(8), 357; https://0-doi-org.brum.beds.ac.uk/10.3390/jrfm14080357 - 05 Aug 2021
Cited by 2 | Viewed by 3267
Abstract
The outbreak of the Covid-19 pandemic caused a serious impact on the business activities of enterprises and households, affecting the operation of banks around the world, especially for capital mobilization from those with savings deposits at commercial banks. In face of the unpredictable [...] Read more.
The outbreak of the Covid-19 pandemic caused a serious impact on the business activities of enterprises and households, affecting the operation of banks around the world, especially for capital mobilization from those with savings deposits at commercial banks. In face of the unpredictable developments of the pandemic, many services of banks in Vietnam were also affected, so it has been necessary to make a plan to maintain business operations and respond effectively to these difficulties. In this study, the authors used three research models to form a three-dimensional frame of reference (past, present, and future) to identify, analyze, and evaluate the factors affecting the service quality of commercial banks’ savings deposit mobilization, and to suggest solutions that can minimize risks and improve customer satisfaction for savings deposits at commercial banks, improve service quality to avoid potential long-term risks, as well as maintain sustainable growth and social stability in the future. Full article
(This article belongs to the Special Issue Advances in Banking and Finance)
►▼ Show Figures

Figure 1

18 pages, 937 KiB  
Article
Evaluating the Unconventional Monetary Policy of the Bank of Japan: A DSGE Approach
by Rui Wang
J. Risk Financial Manag. 2021, 14(6), 253; https://0-doi-org.brum.beds.ac.uk/10.3390/jrfm14060253 - 07 Jun 2021
Cited by 5 | Viewed by 3403
Abstract
When the nominal interest rate reaches the zero lower bound (ZLB), a conventional monetary policy, namely, the adjustment of short-term interest rate, may become impractical and ineffective for central banks. Therefore, quantitative easing (QE) is one of the few available policy options of [...] Read more.
When the nominal interest rate reaches the zero lower bound (ZLB), a conventional monetary policy, namely, the adjustment of short-term interest rate, may become impractical and ineffective for central banks. Therefore, quantitative easing (QE) is one of the few available policy options of central banks for stimulating the economy and dealing with deflationary pressure. Since February 1999, the Bank of Japan (BoJ) has conducted several unconventional monetary policy programs. Considering the scarce research in this field from a structural macroeconomic model approach, a medium-scale New Keynesian DSGE model with government bonds of different maturities was developed to check the portfolio rebalancing channel of quantitative qualitative easing (QQE) conducted by the BoJ from April 2013 on the basis of the assumption of imperfect asset substitutability. The model was calibrated on the basis of the structure of the Japanese economy in April 2013. The main conclusion is that the BoJ’s asset purchase has a real effect on pushing output and inflation higher, and long-term interest rates lower. Sensitivity simulation analysis shows that, given the same size of asset purchase, the persistence of asset purchase determines the peak effect in the short run. A long-lasting asset purchase can push up inflation higher, and long-term interest rates lower for a relatively longer period, but the long-run effect on output and investment does not have much difference. The policy implication for BoJ is just to announce a long-lasting QE program and make it credible to the market. Full article
(This article belongs to the Special Issue Advances in Banking and Finance)
►▼ Show Figures

Figure 1

18 pages, 4081 KiB  
Article
Towards Full-Fledged Inflation Targeting Monetary Policy Regime in Mauritius
by Ashwin Madhou, Tayushma Sewak, Imad Moosa, Vikash Ramiah and Florian Gerth
J. Risk Financial Manag. 2021, 14(3), 126; https://0-doi-org.brum.beds.ac.uk/10.3390/jrfm14030126 - 17 Mar 2021
Cited by 5 | Viewed by 3762
Abstract
An increasing number of emerging and developing countries have adopted or are transitioning towards full-fledged inflation targeting (FFIT) as the main monetary policy framework to anchor inflation. In this paper, we explore the FFIT regime as a means for Mauritius to achieve stable [...] Read more.
An increasing number of emerging and developing countries have adopted or are transitioning towards full-fledged inflation targeting (FFIT) as the main monetary policy framework to anchor inflation. In this paper, we explore the FFIT regime as a means for Mauritius to achieve stable inflation, anchor inflationary expectations and establish credibility in committing monetary policy towards price stability as its primary goal. This paper reviews and highlights issues experienced with the current monetary policy framework and the challenges in transitioning towards FFIT. Given that forecasting is central to FFIT, we develop a practical model-based forecasting and policy analysis system (FPAS) to support transition to FFIT, taking into account structural features and shocks that are specific to the Mauritius economy. Full article
(This article belongs to the Special Issue Advances in Banking and Finance)
►▼ Show Figures

Figure 1

14 pages, 582 KiB  
Article
Has the Propensity to Pay Dividends Declined? Evidence from the US Banking Sector
by Shaojie Lai, Qing Wang, Jiangze Du and Shuwen Pi
J. Risk Financial Manag. 2021, 14(3), 103; https://0-doi-org.brum.beds.ac.uk/10.3390/jrfm14030103 - 05 Mar 2021
Viewed by 1636
Abstract
This article examines the propensity to pay dividends in the U.S banking sector during 1973–2014. Although the propensity to pay dividends has been declining over the 52 years of our sample period, banks are consistently more likely to pay dividends than non-financial firms. [...] Read more.
This article examines the propensity to pay dividends in the U.S banking sector during 1973–2014. Although the propensity to pay dividends has been declining over the 52 years of our sample period, banks are consistently more likely to pay dividends than non-financial firms. Using the coefficients from logit models estimated early in the sample period to forecast the percentage of dividend payers in each subsequent year, we conclude that there has been a decline in the likelihood of paying dividends in the banking sector. However, the decline started from a very high level as compared to that of the non-banking sectors. In addition, the variables taken from the non-financial firm literature do not explain the difference between the actual and expected percentage of dividend payers in the banking sector. We also conduct exploratory analyses with bank-specific variables. Although newly included variables are significantly related to the likelihood of paying dividends, they do not explain the declining propensity to pay dividends in the banking sector. Full article
(This article belongs to the Special Issue Advances in Banking and Finance)
►▼ Show Figures

Figure 1

Review

Jump to: Research

43 pages, 2467 KiB  
Review
Fantastic Beasts: Blockchain Based Banking
by Dulani Jayasuriya Daluwathumullagamage and Alexandra Sims
J. Risk Financial Manag. 2021, 14(4), 170; https://0-doi-org.brum.beds.ac.uk/10.3390/jrfm14040170 - 09 Apr 2021
Cited by 8 | Viewed by 8406
Abstract
Blockchain is one of the primary digital technologies utilised in the finance industry with huge future potential. This study conducts a systematic literature review of a final sample of 407 prior literature from an initial set of 1979 records for the sample period [...] Read more.
Blockchain is one of the primary digital technologies utilised in the finance industry with huge future potential. This study conducts a systematic literature review of a final sample of 407 prior literature from an initial set of 1979 records for the sample period of 2013–2020 with regard to blockchain adoption in banking. This review is further supplemented by a machine learning based textual analysis that identifies key themes, trends, divergences and gaps between academic and practitioner led industry literature. Moreover, the study highlights present, future use cases, adoption barriers and misconceptions of blockchains in banking, especially given COVID-19. Furthermore, this study identifies behavioural, social, economic, regulatory and managerial implications of blockchain based banking. In addition, our study identifies the cross-industry potential of blockchains via banking, thus, linking much disconnected prior literature. Finally, we develop a blockchain adoption framework and an adoption life cycle for banking. This study would be of interest to academics, bankers, regulators, investors, auditors and other stakeholders in financial markets. Full article
(This article belongs to the Special Issue Advances in Banking and Finance)
►▼ Show Figures

Figure 1

Show export options expand_more Show export options expand_less
Select all
Export citation of selected articles as:
 
Displaying articles 1-6
Back to TopTop