The financial repercussions of military escalation

Santorsola, Marco; Caferra, Rocco; Morone, Andrea

doi:10.1016/j.physa.2022.127791

Cited by 10 publications

(4 citation statements)

References 16 publications

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“…In addition to the Pearson and Kendall correlations, we also use the wavelet coherence approach with the continuous wavelet transform to analyse the co-movement between time series, both in time and frequency domain (see, e.g. Caferra and Marcello Falcone, 2022; Santorsola et al ., 2022; Sharif et al ., 2020; Bkedowska-Sójka et al ., 2022). According to Torrence and Compo (1998), the cross wavelet transform of two time series of returns x t and y t is defined by means of the continuous wavelet transform Wnx(u,s) and Wny(u,s), as follows:where u is associated with the location, s with the scale and * denotes the complex conjugate.…”

Section: Methodsmentioning

confidence: 99%

Section: Performance: First-day and Buy-and-hold (Abnormal) Returnsmentioning

confidence: 99%

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Blockchain, sport and fan tokens

Vidal-Tomás

2023

JES

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PurposeThis paper provides a thorough examination of Socios.com, a blockchain platform that integrates token sales with the fan experience in the sports industry. The study focuses on three key aspects: the performance, bubble phenomenon and dynamics of fan tokens. The author aims to address important questions that may concern potential supporters and investors. Might sports fans incur financial losses due to their team loyalty? Is the fan token market just a passing trend? Are fan tokens driven by the behaviour of the cryptocurrency market?Design/methodology/approachThis analysis aims to involve several methodologies. The author evaluates the short- and long-term performance of fan tokens by computing first-day and buy-and-hold (abnormal) returns. The author also employs the Phillips, Shi, and Yu's (PSY) real-time bubble detection method to investigate the presence of bubble phenomenon in the fan token market segment. Finally, the author examines the potential dependences between fan tokens, Chiliz and the cryptocurrency market (represented by the CCi30 index) using both Pearson/Kendall correlations and the wavelet coherence approach.FindingsThe study presents three notable contributions to the existing literature. First, the author demonstrates that investing in fan tokens to support one's favourite sports teams can lead to financial losses, whereas traders can potentially outperform the market by investing in Chiliz. Second, the author states that fan tokens were a short-lived trend, as evidenced by their decline in value after the bubble burst in 2021. Third, the findings indicate that the fan token market was influenced by the cryptocurrency market and Chiliz during periods of market downturns.Originality/valueTo the best of author’s knowledge, this is the first paper to conduct a comprehensive analysis of the performance, bubble phenomenon and dynamics of the token market fan segment, along with the exclusive on-platform currency, Chiliz.

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Section: Methodsmentioning

confidence: 99%

Section: Performance: First-day and Buy-and-hold (Abnormal) Returnsmentioning

confidence: 99%

Blockchain, sport and fan tokens

Vidal-Tomás

2023

JES

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“…Therefore, a direct violation of procurement logistics led to a rise in prices. In general, the financial market may become more vulnerable due to the unpredictable escalation of the russian-Ukrainian war and the untimely normalization of the European Union's leading countries' socio-economic development (Santorsola et al, 2022). This situation will lead to a slowdown in economic activity, increased financial risks, and even higher inflation.…”

Section: Introductionmentioning

confidence: 99%

Financial markets and price increases in Europe after the russian-Ukrainian War

Nimani¹,

Spahija²

2023

Scientific Horizons

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The research relevance is predefined by the fact that the European financial market has suffered a direct negative impact due to the russian aggression and violation of the territorial integrity of Ukraine. All these processes are accompanied by several previously formed and unfavourable trends for socio-economic and financial development, which have become even more severe due to the hostilities. In particular, COVID-19, environmental degradation, rising inflation, deglobalization, insufficient social development of individual countries, as well as fuel and food shortages. The research aims to conclude a comparative analysis of financial policy in European countries and individual countries of the Balkan Peninsula, as well as substantiation of the financial risk management features and the formation of a forecast model of economic stabilization. To achieve the set objectives, scientific methods were used, including analysis method, analogy method, and modelling method. The article analyses expert reports and the results of scientific research on the current state of the financial market and monetary policy in Europe as a result of the russian-Ukrainian war, in particular in the Balkans and Kosovo. The analogy of the directions of financial policy in the period before the russian invasion of the territory of Ukraine with the period of direct aggression of the russian federation is conducted. The fundamental reasons for changes in pricing policy, in particular pricing mechanisms, are characterized. The determining factors of financial risks, tools for assessing the consequences, as well as generalization of management methods for their reduction and elimination in the future are substantiated. The directions of European financial support aimed at the defence sector and socio-economic needs are considered. The practical value of the work is that the conceptual model of strategic development of the European financial market in the context of stabilization processes of international financial policy, as well as food and energy security was formed

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Section: Introductionmentioning

confidence: 99%

Untitled

2023

Scientific Horizons

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Свідоцтво про державну реєстрацію друкованого засобу масової інформації серії КВ № 24997-14937 ПР Науковий журнал включено до категорії А Переліку наукових фахових видань України, у яких можуть публікуватися результати дисертаційних робіт на здобуття наукових ступенів доктора та кандидата ветеринарних, економічних, сільськогосподарських і технічних наук зі спеціальностей: 051 -Економіка; 071 -Облік і оподаткування; 072 -Фінанси, банківська справа та страхування; 073 -Менеджмент; 075 -Маркетинг; 076 -Підприємництво, торгівля та біржова діяльність; 101 -Екологія; 133 -Галузеве машинобудування; 201 -Агрономія; 202 -Захист і карантин рослин; 203 -Садівництво та виноградарство; 204 -Технологія виробництва і переробки продукції тваринництва; 205 -Лісове господарство; 206 -Садово-паркове господарство; 208 -Агроінженерія; 211 -Ветеринарна медицина (наказ МОН України № 1166 від 23 грудня 2022 р.) Журнал представлено у міжнародних наукометричних базах даних, репозитаріях та пошукових системах: Інституційний репозитарій Поліського національного університету, AGRICOLA, CAB Abstracts and Global Health (CABI), Open Academic Journals Index (OAJI), Scopus, Index Copernicus, Реєстр наукових видань України, Національна бібліотека України імені В. І. Вернадського, Crossref, Directory of Open Access Journals (DOAJ) Адреса редакції: Поліський національний університет б-р Старий,

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The financial repercussions of military escalation

Cited by 10 publications

References 16 publications

Blockchain, sport and fan tokens

Blockchain, sport and fan tokens

Financial markets and price increases in Europe after the russian-Ukrainian War

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