Showing 1 - 10 of 1,027
This paper studies the income effect of three specific policy variables: border openness to migration, accumulation of human capital, represented by the education level of the adult population, and the strength of legal institutions, captured by the confidence of a country's citizens to abide by...
Persistent link: https://www.econbiz.de/10012838266
This paper studies the relationship between religious liberty and economic freedom. First, three new facts emerge: (a) religious liberty has increased since 1960, but has slipped substantially over the past decade; (b) the countries that experienced the largest declines in religious liberty tend to...
Persistent link: https://www.econbiz.de/10013230295
Patented innovation is a predominately local phenomena. It is also an indicator of economic growth. Using data on U.S. metropolitan statistical areas (MSAs), we examine the long-run effect of economic freedom, and each of its three components, on local patent activity. We find that increased...
Persistent link: https://www.econbiz.de/10014107020
Sovereign Development Funds’ (SDFs) dual mandate of pursuing financial or commercial objectives alongside long-term strategic and developments goals presents several challenges. First, SDFs must identify why private capital are not allocated at sufficient scale to target sectors – which...
Persistent link: https://www.econbiz.de/10014260804
In this article we summarize the main problems with the current LIBOR setting, describe our proposal on how to reform LIBOR through a committed quote system (“CLIBOR”), and explain why the final Wheatley Review proposal on how to reform LIBOR, and its reasons for stopping short of our...
Persistent link: https://www.econbiz.de/10013097291
Following the 2008 financial crisis, countercyclical regulation emerged as one of the most promising breakthroughs in years to halting destructive cycles of booms and busts. This new approach to systemic risk posits that financial regulation should clamp down during economic expansions and ease...
Persistent link: https://www.econbiz.de/10013005214
In the wake of the global financial crisis that erupted in 2008, there has been extensive commentary and regulatory focus on the 'Too Big to Fail' issue. In this paper, we survey the proposed solutions and regulatory initiatives that have been undertaken. We conduct a longitudinal analysis of...
Persistent link: https://www.econbiz.de/10012022346
This article discusses the legal status of links, in connection with the pending cases before the Court of Justice of the European Union in Svensson, C More and BestWater. Hyperlinks, deep links, framed links and embedded links are discussed. It focuses on the Opinion of the European Copyright...
Persistent link: https://www.econbiz.de/10014153227
This article discusses the underlying dynamics behind the present debate over net-neutrality, analyzes the pro's and con's, concludes that the debate is based on false premises, and proposes a better solution - End-user Sovereignty - that is both open and only lightly regulated
Persistent link: https://www.econbiz.de/10014161971
macroeconomic model of commitment and credibility. As the dependent variable, we calculate a post-reform inflation rate. The … exogenous variables are the degree of legal commitment and the constraining influence of institutions. The paper allows for the … conclusion that monetary commitment, the consideration of institutional constraints and abstinence from the money press are …
Persistent link: https://www.econbiz.de/10010270683