Recent technological developments have enabled a wide array of new applications in financial markets, e.g. big data, cloud computing, artificial intelligence, blockchain, cryptocurrencies, peer-to-peer lending, crowdfunding, and robo-advising, inter alia. While traditionally comprising of...

Despite their potential benefits, voluntary consensus standards have over the past decade become the subject of significant private litigation, regulatory enforcement and policy debate. Much of the current controversy centers on the perceived proliferation of patents covering standardized...

Copyright law is largely a response to new media: from the printing press through radio, photocopiers, and digital computers, changes in copyright reflect the increased public availability of information reproduction technologies. But while the exclusive rights conferred by copyright are shaped...

This paper analyzes the structural dimension of social capital, and its impact on the success of open source software projects. By examining ties existing between open source projects through their core members altogether with other contributors, we identify the communication paths and flows of...

Student loans schemes are in operation in more than seventy countries around the world. Most loans schemes benefit from sizeable built-in government subsidies and, in addition, are subject to repayment default and administrative costs that are not passed on to student borrowers. We probe two...

Financial inclusion is receiving increasing attention for its potential to contribute to economic and financial development while fostering more inclusive growth and greater income equality. Although substantial progress has been made, there is still much to achieve. East Asia, the Pacific, and...

This paper focuses on risk tolerance which clearly influences financial decision making. We explore the emotional side of a risk taking behaviour, comparing alternative measures of financial risk tolerance resulting from the consilience of various disciplines. We wonder whether we financially...

This paper discusses the future of universities: trends that are increasingly drawing attention, and those who have yet to appear, without getting into the field of view of the majority of researchers in higher education. Debate on the future of the university is due to the emergence of new...

We provide a novel test for the impact of wealth-destroying natural disasters on college decisions using Hurricane Harvey (Aug-Sep 2017). First, we compare enrollment and graduation outcomes at Texas public universities and colleges according to their student share from disaster-affected...

The purpose of this research is to determine the relationship among education, education finance and economic growth on the basis of secondary education. In the research, the number of students enrolled in secondary education is the indicator of education, net government education expenditures...