Description
Book SynopsisIn the last twenty years, several periods of turmoil have shaped the financial and economic system. Many regulatory policies, such as Basel III, have been introduced to overcome further crises and scandals. In addition, monetary policy has experienced a transition from conventional to unconventional frameworks in most industrialized and emerging economies. For instance, turning to hedge and diversification of portfolios, commodities markets have attracted increasing interest. More recently, new forms of money have been introduced, such as virtual money. These changes have influenced governance features at both macro and micro levels. Therefore, calls for ethical and sustainable standards in financial and economic spheres have been growing since 2007.Financial and Economic Systems: Transformations and New Challenges provides readers with insights about future transformations and challenges for financial and economic systems. Prominent contributors focus on different aspects, providing a global overview of crisis implications. The book is split into four main areas: Changes in the Real Sphere, covering issues related to yields, risk, unconventional monetary policy, and macroprudential policy; Financial Markets and Macroeconomics, covering uncertainty in finance and economics; CSR, Sustainability and Ethical Finance, highlighting the emergence of corporate social responsibility; and Digitalization, Blockchain and FinTech and the consequences of these transformations on markets and economic systems.
Table of ContentsChanges in the Real Sphere: Macroprudential Policy in the EU — Policy Reflections on Institutional Contexts and Governance Arrangements (Elias Bengtsson); The Effect of Austerity Measures under Sovereign Risk and Financial Frictions (Xiaofei Ma); How do Financial Markets Listen to the Economic Policy Uncertainty? (Abir Abid); Regulation, Ethics, and Economic Stability: Evidence from Eastern European Countries (Zaineb Hlioui, Sonia Boukattaya & Zyed Achour); Financial Markets: Post-crisis Challenges: Beyond the Myths: Questions for Post Modern Finance (Jean-Francois Boulier); Contagion Effect Between Financial Markets and Collectibles Markets: A Review of Empirical Research (Eric Le Fur); Machine Learning, Computational Techniques, and Reporting Processes: Risk Exposure in GCC Markets in the Wake of the 2007–2009 Global Financial Meltdown (Mazin A M Al Janabi); On the Performances of Dynamic Conditional Correlation Models in the Sovereign CDS Market and the Corresponding Bond Market (Saker Sabkha); Development of Socially Responsible Investing (SRI) — Evidence from the Mutual Funds Industry (Warwick Anderson, Jędrzej Bialkowski & Moritz Wagner); CSR, Sustainability and Ethical Finance: New Trends: The Relationship Between CSR Disclosure and CSR Performance: A Western European Sample (Lan-Phuong Nguyen, Lionel Touchais & Jean-laurent Viviani); Corporate Social Responsibility and Corporate Governance: A Cognitive Approach (Rania Beji, Ouidad Yousfi & Abdelwahed Omri); ESG Performance and ESG Rating: A Critical Review of the Screening Methodologies and the Way Forward (Anissa Naouar); Corporate Social Responsibility and Firm Risk: Evidence from France (Zyed Achour, Zaineb Hlioui & Sonia Boukattaya); Does Board Structure Matter for Innovation? (Meriam Attia, Ouidad Yousfi & Abdelwahed Omri); Transformations, Digitalization, Blockchain, FinTech: Blockchain Technology: Beyond Cryptocurrencies (Assen Slim, Fernanda Arreola & Éric Magnin); Regulation Technology's Role in Smoothing the Interface between Financial Services and Technology in Africa (Teresa Schützeiche); FinTech Development, Digital Infrastructure and Institutions in the SSA Zone (Youssra Ben Romdhane Loukil, Souhaila Kammoun & Sahar Loukil); Banks vs FinTech in the French Market (Firas Batnini &Florian Bercaut);
