Showing 1 - 10 of 195
This paper provides a comprehensive history of anchor or reference currencies, exchange rate arrangements, and a new measure of foreign exchange restrictions for 194 countries and territories over 1946-2016. We find that the often-cited post-Bretton Woods transition from fixed to flexible...
Persistent link: https://www.econbiz.de/10012963738
Almost $10 trillion is benchmarked to Morgan Stanley Capital International's Developed, Emerging, Frontier, and standalone market indexes. Reclassifications from one index to another require thousands of investors to decide how to react. We study a comprehensive sample of past reclassifications...
Persistent link: https://www.econbiz.de/10012952509
This paper studies the performance of a large number of anomalies after accounting for transaction costs, and the effectiveness of several transaction cost mitigation strategies. It finds that introducing a buy/hold spread, which allows investors to continue to hold stocks that they would not...
Persistent link: https://www.econbiz.de/10013040541
, classification has been done manually. If it were possible to combine new computational tools and administrative wage records to … information about the changing occupational composition of the labor market. This paper examines the potential to assign …
Persistent link: https://www.econbiz.de/10012911708
This paper evaluates the U.S. Census Bureau's most recent data collection efforts to classify business entities that engage in an extreme form of production fragmentation called “factoryless” goods production. “Factoryless” goods-producing entities outsource physical transformation...
Persistent link: https://www.econbiz.de/10012908826
This paper: outlines an algorithm for concording U.S. ten-digit Harmonized System export and import codes over time; describes the concordances we construct for 1989 to 2004; and provides Stata code that can be used to construct similar concordances for arbitrary beginning and ending years from 1989...
Persistent link: https://www.econbiz.de/10013219225
previous classification efforts is that we employ an extensive data base on market-determined parallel exchange rates. Our … 'natural' classification algorithm leads to a stark reassessment of the post-war history of exchange rate arrangements. When … the official categorization is a form of peg, roughly half the time our classification reveals the true underlying …
Persistent link: https://www.econbiz.de/10013221504
We measure and examine data error in health, education and income statistics used to construct the Human Development Index. We identify three sources of data error which are due to (i) data updating, (ii) formula revisions and (iii) thresholds to classify a country's development status. We...
Persistent link: https://www.econbiz.de/10013135405
research studies to predict outcomes y on the basis of observed covariates x. Given this information, decisions are then based … differential covariate classification (DCC). Using this framework, we analyze partial identification of probabilistic predictions …, focusing mainly on differential classification of individuals' race and ethnicity in clinical medicine. We find that bounds on …
Persistent link: https://www.econbiz.de/10015194995
Persistent link: https://www.econbiz.de/10009706873