Showing 1 - 10 of 953
where this concern is mitigated. Namely, we show that there is a substantial penalty against Asian Americans in admissions … with limited scope for omitted variables to overturn the result. This is because (i) Asian Americans are substantially … predicts admissions extremely well. Our preferred model shows that Asian Americans would be admitted at a rate 19% higher …
Persistent link: https://www.econbiz.de/10012482025
The 2007-2010 recession has imposed significant fiscal hardships on state and local governments. The result has been state deficits and the need to increase state taxes, cut spending, and withdraw funds from state rainy day accounts. The primary cause of state budget "gaps" has been the rise in...
Persistent link: https://www.econbiz.de/10012462569
Persistent link: https://www.econbiz.de/10001350731
This paper provides an asymmetric information analysis of the recent East Asian crisis. It then outlines several … promote financial instability. Third, although capital flows did contribute to the crisis, they are a symptom rather than an …, pegged exchange-rate regimes are a dangerous strategy for emerging market countries and make financial crises more likely …
Persistent link: https://www.econbiz.de/10012470928
Asian financial crisis. The agency-cost analysis hypothesizes that individual-country regulators knew that politically … financial technology and regulatory systems that made it progressively easier for worried Asian citizens to move funds to …This paper supplies an agency-cost and contestable-markets perspective on the financial policies that triggered the …
Persistent link: https://www.econbiz.de/10012471262
In this paper, I develop a new identification method to solve the problem of simultaneous equations, based on heteroskedasticity of the structural shocks. I show that if the heteroskedasticity can be described as a two-regime process, then the system is just identified under relatively weak...
Persistent link: https://www.econbiz.de/10012471283
economies with fixed exchange rate regimes of developing Asian economies, and 3) The 2008 worldwide debacle rooted in financial …We survey three distinct types of financial crises which took place in the 1990s and the 2000s: 1) the credit implosion … the globe, mostly through international financial networks …
Persistent link: https://www.econbiz.de/10012461903
This paper uses a unique dataset to study how firms managed liquidity during the financial crisis. Our analysis … impact of the financial crisis on corporate spending …
Persistent link: https://www.econbiz.de/10012462348
trade impacts in the 2008 financial crisis with those in the 1930s and the Asian financial crisis. In the 1930s percentage …This paper documents and compares the trade performance of the major Asian economies both during and following the 2008 … financial crisis. We consider China, India, Thailand, Malaysia, South Korea, Japan, Singapore and Chinese Taiwan. We access …
Persistent link: https://www.econbiz.de/10012462514
that only countries with significant trade and financial linkages can expect access to such ad hoc arrangements, on a case …
Persistent link: https://www.econbiz.de/10012462846