Foreign exchange markets are shaped by liquidity fluctuations, which can trigger return volatility and price jumps. Identifying and predicting abnormal FX returns is critical for risk management and ...

The maturation of DeFi technology has created a paradox: while battle-tested codebases and rising technical proficiency have lowered the barrier to entry for launching new protocols, securing ...

First, when the time length is less than 28 days (0<M<28), TLSMAP increases monotonically with time length. TLSMAP peaks at M = 28 (0.0007), suggesting that the combined strategy has the highest ...

Over the decades, financial markets have delivered repeated reminders that liquidity is never guaranteed. It may appear stable on paper, embedded neatly into models and stress tests, but in real-world ...