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Using a Markov-switching GARCH model this paper analyzes the volatility evolution of the greenback's price in gold from after the Civil War until the return to gold convertibility in 1879. The econometric inference associated with our methodology indicates a switch to a regime of low volatility...
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with a higher concentration of Protestant missionaries tend to exhibit higher levels of English language proficiency and … studies is too aggregate and may mask important findings because of strikingly different effects of Protestant and Catholic …
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