Purpose The study aims to elaborate the author's basic viewpoints on how economics should view the Internet from four aspects. Design/methodology/approach This paper reviews the existing literature on this topic, and summarizes key findings and conclusions of these researches. Findings The...

The creation of the China-led AIIB has been the most important event in the international financial sphere in recent years, but the comments about it have often been made from a multitude of lenses, thus complicating the recognition of its real implication. By clarifying the inclinations...

There exists strong commonality in credit risk across sovereigns [Pan and Singleton (2008); Longstaff, Pan, Pedersen and Singleton (2011)]. This paper embeds this commonality into a rating-based, reduced-form model. A parsimonious version of the rating-based model can adequately capture the...