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Quantifying systemic risk
Haubrich, Joseph Gerard (ed.); Lo, Andrew W. (contributor) - 2013
Persistent link: https://www.econbiz.de/10010191471
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Heights and Human Welfare : Recent Developments and New Directions
Steckel, Richard H. - 2008
Since 1995 approximately 325 publications on stature have appeared in the social sciences, which is more than a four-fold increase in the rate of production relative to the period 1977-1994. The expansion occurred in several areas, but especially within economics, indicating that heights are now...
Persistent link: https://www.econbiz.de/10012464113
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Lens or Prism? Patent Citations as a Measure of Knowledge Flows from Public Research
Roach, Michael - 2012
. Using survey-based measures of the dimensions of knowledge flows, we identify sources of systematic measurement error … and direction of measurement error bias suggests that measuring knowledge flows with patent citations can lead to …
Persistent link: https://www.econbiz.de/10012460369
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Do Two Wrongs Make a Right? Measuring the Effect of Publications on Science Careers
Ginther, Donna K.; Zambrana, Carlos; Oslund, Patricia; … - National Bureau of Economic Research - 2023
demonstrates that publications likely suffer from non-classical measurement error. Using horse race and instrumental variable … models, we confirm that the Gold Standard data are relatively free from measurement error but show that the Clarivate data … suffer from non-classical measurement error. We employ a variety of methods to adjust the Clarivate data for false negatives …
Persistent link: https://www.econbiz.de/10014436975
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Does a Currency Union Need a Capital Market Union? Risk Sharing via Banks and Markets
Martinez, Joseba - 2019
We compare risk sharing in response to demand and supply shocks in four types of currency unions: segmented markets; a banking union; a capital market union; and complete financial markets. We show that a banking union is efficient at sharing all domestic demand shocks (deleveraging, fiscal...
Persistent link: https://www.econbiz.de/10012479975
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Fintech, Regulatory Arbitrage, and the Rise of Shadow Banks
Buchak, Greg - 2017
We study the rise of shadow banks in the largest consumer loan market in the US. The market share of shadow banks in originating residential mortgages nearly doubled from 2007-2015. Shadow banks gained a larger market share among less creditworthy borrowers, with a significant share of loans...
Persistent link: https://www.econbiz.de/10012455393
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The FinTech Opportunity
Philippon, Thomas - 2016
This paper assesses the potential impact of FinTech on the finance industry, focusing on financial stability and access to services. I document first that financial services remain surprisingly expensive, which explains the emergence of new entrants. I then argue that the current regulatory...
Persistent link: https://www.econbiz.de/10012456201
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The Spillovers, Interactions, and (Un)Intended Consequences of Monetary and Regulatory Policies
Forbes, Kristin - 2016
Have bank regulatory policies and unconventional monetary policies--and any possible interactions--been a factor behind the recent "deglobalisation" in cross-border bank lending? To test this hypothesis, we use bank-level data from the UK--a country at the heart of the global financial system....
Persistent link: https://www.econbiz.de/10012456368
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The History and Economics of Safe Assets
Gorton, Gary B. - 2016
Safe assets play a critical role in an(y) economy. A "safe asset" is an asset that is (almost always) valued at face value without expensive and prolonged analysis. That is, by design there is no benefit to producing (private) information about its value. And this is common knowledge....
Persistent link: https://www.econbiz.de/10012456465
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Does Government Intervention Affect Banking Globalization?
Kleymenova, Anya - 2016
Using data from British and American banks, we provide empirical evidence that government intervention affects banking globalization along three dimensions: depth, breadth and persistence. We examine depth by studying whether a bank's preference for domestic, as opposed to external, lending...
Persistent link: https://www.econbiz.de/10012456692