Narrow search
Showing 1 - 10 of 8,821
Cover Image
The in-hospital mortality rates of slaves and freemen: evidence from Touro infirmary, New Orleans, Louisiana, 1855 - 1860
Pritchett, Jonathan; Yun, Myeong-Su - 2008
Using a rich sample of admission records from New Orleans Touro Infirmary, we examine the in-hospital mortality risk of free and enslaved patients. Despite a higher mortality rate in the general population, slaves were significantly less likely to die in the hospital than the whites. We analyze...
Persistent link: https://www.econbiz.de/10010277319
Cover Image
The evolution of the racial gap in education and the legacy of slavery
Bertocchi, Graziella; Dimico, Arcangelo - 2011
determined by the initial gap. We obtain these results with 2SLS estimates where slavery is used as an instrument for the initial … gap. The excludability of slavery is preliminarily established by instrumenting it with the share of disembarked slaves … initial racial gap in education and that slavery affects growth indirectly through this channel. …
Persistent link: https://www.econbiz.de/10010282571
Cover Image
Informed trading, information asymmetry and pricing of information risk: Empirical evidence from the NYSE
Yadav, Pradeep K.; Bardong, Florian; Bartram, Söhnke M. - 2009
We investigate and test hypotheses on how informed trading varies with market-wide factors and the structural and trading characteristics of a firm. We find strong evidence of commonality in informed trading, and a systematic dependence of informed trading on firm characteristics that is largely...
Persistent link: https://www.econbiz.de/10010302554
Cover Image
A critique of the literature on the US financial debt crisis
Stein, Jerome L. - 2010
A healthy financial system encourages the efficient allocation of capital and risk. The collapse of the house price bubble led to the financial crisis that started in 2007. There is a large empirical literature concerning the relation between asset price bubbles and financial crises. I evaluate...
Persistent link: https://www.econbiz.de/10010266065
Cover Image
Hidden liquidity: Determinants and impact
Cebiroğlu, Gökhan; Horst, Ulrich - 2012
We cross-sectionally analyze the presence of aggregated hidden depth and trade volume in the S&P 500 and identify its key determinants. We find that the spread is the main predictor for a stock's hidden dimension, both in terms of traded and posted liquidity. Our findings moreover suggest that...
Persistent link: https://www.econbiz.de/10010281537
Cover Image
Measures of aggregate credit conditions and their potential use by central banks
García, Alejandro; Prokopiw, Andrei - 2009
Understanding the nature of credit risk has important implications for financial stability. Since authorities notably, central banks focus on risks that have systemic implications, it is crucial to develop ways to measure these risks. The difficulty lies in finding reliable measures of aggregate...
Persistent link: https://www.econbiz.de/10010289723
Cover Image
Today's standards and yesterday's economics - two short occasional essays: Eliminating history from economic thought and Mark Blaug on the quantity theory
Laidler, David - 2012
[Eliminating history from economic thought] Formal analysis, in which maximizing agents use today's 'true' model of the economy to form expectation upon which they then base their behaviour, trivializes the role of the future in economic life and ignores the possibility that the past's models,...
Persistent link: https://www.econbiz.de/10010291900
Cover Image
Professor Fisher and the quantity theory: A significant encounter
Laidler, David - 2011
Irving Fisher's encounter with the Quantity theory of Money began in the 1890s, during the debate about bimetallism, and reached its high point in 1911 with the publication of The Purchasing Power of Money. His most important refinement of the theory, derived from his recognition of bank...
Persistent link: https://www.econbiz.de/10010292029
Cover Image
Of Positivism and the History of Economic Thought
Caldwell, Bruce - 2012
The rhetoric of positivism had a profound effect on the worldview and practice of economists in the middle of the last century. Though this influence has greatly diminished, it still may be found in the attitude of many economists towards the history of their discipline. This paper traces the...
Persistent link: https://www.econbiz.de/10011592198
Cover Image
Friedrich Hayek and His Visits to Chile
Caldwell, Bruce; Montes, Leonidas - 2014
F. A. Hayek took two trips to Chile, the first in 1977, the second in 1981. The visits were controversial. On the first trip he met with Genera l Augusto Pinochet, who had led a coup that overthrew Salvador Allende in 1973. During his 1981 visit, Ha yek gave interviews that were published in the...
Persistent link: https://www.econbiz.de/10011592231