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Journal of Banking and Financial Economics


About Journal

Overview

The Journal of Banking and Financial Economics  (JBFE) is an open access journal (ISSN 2353-6845). The submission of manuscripts is free of fee payment. This journal follows a double-blind reviewing procedure.

 

Aims and Scope

JBFE publishes high quality theoretical and empirical papers spanning all the major research fields in banking and financial economics.  The aim of the journal is to provide a space for the increasing flow of academic research concerning banking, financial institutions, money and capital markets within which they function. The journal also focuses on interrelations of financial variables, such as prices, interest rates and shares and concentrates on influences of real economic variables on financial ones and vice versa. Macro-financial policy issues, including comparative financial systems, the globalization of financial services, and the impact of these phenomena on economic growth and financial stability, are also within the JBFE’s scope of interest. The Journal seeks to promote research that enriches the profession’s understanding of the above mentioned topics as well as to promote the formulation of sound public policies.

Main subjects covered include, e.g.: [1] Valuation of assets: Accounting and financial reporting;  Asset pricing; Stochastic models for asset and instrument prices; [2] Financial markets and instruments:Alternative investments; Commodity and energy markets; Derivatives, stocks and bonds markets; Money markets and instruments; Currency markets; [3] Financial institutions, services and regulation: Banking efficiency; Banking regulation; Bank solvency and capital structure; Credit rating and scoring;  Regulation of financial markets and institutions; Systemic risk; [4] Corporate finance and governance:Behavioral finance; Empirical finance; Financial applications of decision theory or game theory; Financial applications of simulation or numerical methods; Financial forecasting; Financial risk management and analysis; Portfolio optimization and trading.

 

Special Issues

JBFE welcomes publication of Special Issues, whose aim is to bring  together and integrate  work on a specific theme; open up a previously under-researched area; or bridge the gap  between formerly rather separate research communities, who have been focusing on similar or related topics. Thematic issues are strongly preferred to a group of loosely connected papers.  

Proposals of Special Issues should be submitted to jbfe@wz.uw.edu.pl.  All proposals are being reviewed by the Editorial Team on the basis of certain criteria that include e.g.: the novelty, importance and topicality of the theme; whether the papers will form an integrated whole; and the overall 'added value' of a Special Issue.

 

Manuscript checking is done using iThenticate which provides plagiarism prevention services to publishers around the world.

 

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Latest articles

Financial Deepening in Mexico

Alexander Herman, Alexander Klemm

 

ABSTRACT

International comparisons reveal that – even controlling for a host of explanatory factors – credit depth is exceptionally low in Mexico. Using panel data methods linking credit growth and fundamentals, this paper estimates a long-term gap between actual and expected credit of about 40 percent of GDP. Possible explanations include the history of banking crises, the large informal sector and an inefficient legal system. Using a disequilibrium regression approach, this paper also finds that supply factors are particularly important as determinants of credit in Mexico. Recent financial reforms address many of the supply constraints, but their success will depend on implementation. The main challenge going forward will be to support financial deepening, while limiting risks to financial stability.

 

JEL classification: G18; G21; O16
Keywords: Mexico; credit gap; credit growth; financial development

DOI: 10.7172/2353-6845.jbfe.2019.1.1

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Frontier and Emerging Markets: A Perspective from Portfolio Flows and Financial Integration

Nordine Abidi, Burcu Hacibedel, Mwanza Nkusu

 

ABSTRACT

This paper investigates to what extent low-income developing countries (LIDCs) characterized as frontier markets (FMs) have begun to be subject to capital flows dynamics typically associated with emerging markets (EMs). Using a sample of developing countries covering the period 2000–14, we show that: (i) average annual portfolio flows to FMs as a share of gross domestic product (GDP) outstripped those to EMs by about 0.6 percentage points of GDP; (ii) during years of heightened stress in global financial markets, portfolio flows to FMs dried up like those to EMs; and that (iii) FMs have become more integrated into international financial markets. Our findings confirm that, in terms of portfolio flows, FMs have become more similar to EMs than to the rest of LIDCs and are therefore more vulnerable to swings in global financial markets conditions. Accordingly, it is important to have in place frameworks to strengthen FMs’ resilience to adverse capital flows shocks.

 

JEL classification: E44, F3, G0, O57
Keywords: Frontier Markets, Portfolio flows, Financial Integration, Balance of Payments Needs

DOI: 10.7172/2353-6845.jbfe.2019.1.2

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Financial Stability Reports in Latin America and the Caribbean

Cheng Hoon Lim, Alexander D. Klemm, Sumiko Ogawa, Marco Pani, Claudio Visconti

 

ABSTRACT

Many countries in Latin America and the Caribbean now publish financial stability reports. They use FSRs as a tool for financial surveillance and communication. This study reviews their latest issues to assess their content, quality, and transparency, and the extent to which the country’s macrofinancial and institutional context affect the quality of the publications. While some reports provide a strong analysis of risks and vulnerabilities, there are significant cross-country differences, and many reports could be improved by adopting a more comprehensive, forwardlooking, and thematic assessment of financial stability. A well thought out communication strategy, including a regular and predictable publication schedule and an easily accessible website, is also important to enhance the impact of the reports. Data gaps, particularly at the disaggregated level, are material and need to be urgently addressed.

 

JEL classification: G01; G18; G28
Keywords: Financial Stability Report; Financial Supervision

DOI: 10.7172/2353-6845.jbfe.2019.1.3

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Contact us

Should you have any questions related to Journal of Banking and Financial Economics please contact us via e-mail:  jbfe@wz.uw.edu.pl

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