Competition and credit procyclicality in European banking
This paper empirically assesses how competition in the banking sector affects credit procyclicality by estimating both an interacted panel VAR model using macroeconomic data and a single-equation model with bank-level data.
Do Spot Prices Predict Futures Prices?
This article examines issues of linear and non-linear causality between energy (oil) prices and agricultural commodities spot and futures prices.