Does Universal Preschool Hit the Target? Program Access and Preschool Impacts...
Despite substantial interest in preschool as a means of narrowing the achievement gap, little is known about how particular program attributes might influence the achievement gains of disadvantaged...
View ArticleEconomic Development and the Regulation of Morally Contentious Activities --...
The regulation of many activities depends on whether societies consider them morally controversial or "repugnant". Not only have regulation and related ethical concerns changed over time, but there is...
View ArticleAre Larger Banks Valued More Highly? -- by Bernadette A. Minton, Rene M....
We investigate whether the value of large banks, defined as banks with assets in excess of the Dodd-Frank threshold for enhanced supervision, increases with the size of their assets using Tobin's q and...
View ArticleImpulsive Consumption and Financial Wellbeing: Evidence from an Increase in...
Increased availability of temptation goods might harm individuals if they have time-inconsistent preferences and consume more in the present than planned before. We study this idea by examining the...
View ArticleIsrael's Immigration Story: Globalization Lessons -- by Assaf Razin
The exodus of Soviet Jews to Israel in the 1990s was a unique event. The extraordinary experience of Israel, which has received migrants from the Former Soviet Union (FSU) at the rate of 17 percent of...
View ArticleInstrumental Variables and Causal Mechanisms: Unpacking The Effect of Trade...
It is often the case that an endogenous treatment variable causally affects an intermediate variable that in turn causally affects a final outcome. Using an Instrumental Variable (IV) identifies the...
View ArticleThe Historical State, Local Collective Action, and Economic Development in...
This study examines how the historical state conditions long-run development, using Vietnam as a laboratory. Northern Vietnam (Dai Viet) was ruled by a strong centralized state in which the village was...
View ArticleWhy Being Wrong can be Right: Magical Warfare Technologies and the...
Across human societies, one sees many examples of deeply rooted and widely-held beliefs that are almost certainly untrue. Examples include beliefs about witchcraft, magic, ordeals, and superstitions....
View ArticleFX Market Metrics: New Findings Based on CLS Bank Settlement Data -- by Joel...
Using a new and unique data set of foreign currency settlement instructions provided by CLS Bank, we investigate activity and liquidity in the foreign exchange market. In the major currency pairs, CLS...
View ArticleHow a $26 Billion Hedge Fund Lures the Beautiful Minds
How a $26 Billion Hedge Fund Lures the Beautiful Minds https://t.co/yCogEud2vU http://pic.twitter.com/ianZ2fYZEI â Hedge Fund Focus (@hedgefundfocus) March 6,â¦
View ArticleOptimal investment problem with M-CEV model: closed form solution and...
This paper studies an optimal investment problem under M-CEV with power utility function. Using Laplace transform we obtain explicit expression for optimal strategy in terms of confluent hypergeometric...
View ArticleBlockchains and Distributed Ledgers in Retrospective and Perspective....
We introduce blockchains and distributed ledgers and describe their potential applications to money and banking. The analysis compares public and private ledgers and outlines the suitability of various...
View ArticleCollective Learning in China's Regional Economic Development....
Industrial development is the process by which economies learn how to produce new products and services. But how do economies learn? And who do they learn from? The literature on economic geography and...
View ArticleDisentangling Price, Risk and Model Risk. (arXiv:1703.01329v1 [q-fin.RM])
We propose a method to assess the intrinsic risk carried by a financial position when the agent faces uncertainty about the pricing rule providing its present value. Our construction is inspired by a...
View ArticleQuantifying China's Regional Economic Complexity. (arXiv:1703.01292v1...
China has experienced an outstanding economic expansion during the past decades, however, literature on non-monetary metrics that reveal the status of China's regional economic development are still...
View ArticleSwarm behavior of traders with different subjective predictions in the...
A combination of a priority queueing model and mean field theory shows the emergence of traders' swarm behavior, even when each has a subjective prediction of the market driven by a limit order book....
View ArticleSIFMA Issues 2018 Recommendations For Full And Early Holiday Closes In Japan
SIFMA today confirmed its 2018 holiday recommendations for the trading of US dollar-denominated fixed-income securities in Japan.read more...
View ArticleASIC Remakes 'Sunsetting' Class Orders About Internet Offers, Hawking And PDS...
ASIC has remade two legislative instruments, and repealed one, that were due to expire ('sunset') in April 2017.read more...
View ArticleSIX Sells Commercial Issuing Business In Austria To easybank
SIX and easybank announce that SIX will sell its Commercial Issuing business (the Issuing of credit and prepaid cards) in Austria together with the Issuing Support for Austrian banks to easybank. A...
View ArticleUK Female Bankers Are The Worldâs Best For Wind Energy - New Rankings
A new report released today, ahead of International Women’s Day on the 8th March, highlights the most powerful women in the wind industry for the first time.read more...
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