In the wake of the 2008 financial crisis, the role of strongly interconnected markets in causing systemic instability has been increasingly acknowledged. Trade networks of commodities are susceptible to cascades of supply shocks that increase systemic trade risks and pose a threat to geopolitical stability. We show that supply risk, scarcity, and price volatility of nonfuel mineral resources ar...

T his paper aims to understand the structure and determinants of international bank l ending among APEC economies. Specifically, this paper first aims to analyze whether Australia Canada Japan Chinese Taipei and the United States, which are the only APEC members for which international borrowing data are available, tend to lend more intensively to other APEC members than to non-APEC countries ....

Allocating and routing problems in the field of transportation engineering are generally solved using the objective function of minimizing transport cost. Transport risk is a main concern in hazardous material transportation, mainly dependent on the vision of decision makers (national and/or local authorities). In this research work, a trade-off approach has been proposed to determine the safes...

Abstract We explore the relationship between Liquified Natural Gas (LNG) and Petroleum (LPG) carrier freight rates global geopolitical risk, while also controlling for macro environment. Our results show that a shock in risk significantly increases cost of spot charter both LNG LPG carriers, with impact reaching around 25% former 18% latter. bear significant implications companies countries inv...

Abstract The returns to carry trades are controversially discussed. There seems be no unifying risk-based explanation of currency and stock returns, while the countries’ interest rate differential plays a leading part in carry-trade performance. Therefore, this paper addresses from risk-pricing perspective examines if these can connected cross-country differences risk pricing interest-rate mark...