Rollover risk imposes market discipline on banks' risk-taking behavior but it can be socially costly. I present a two-sided model in which a bank simultaneously lends to a firm and borrows from the short-term funding market. When the bank is capital constrained, uncertainty in asset quality and...

The Economics of Non-Communicable Diseases in Indonesia provides new data on the economic burden of NCDs in the country, and puts it in perspective by drawing a comparison with India and China.With this new addition to the series on the economics of NCDs, the World Economic Forum aims to advance...

This study examines whether the rally 'round the flag phenomenon is present in the context of terrorist attacks, and investigates the explanations for the related increase of confidence in political institutions and political approval of the incumbent's job performance. I exploit variations in...

This study examines whether the rally 'round the flag phenomenon is present in the context of terrorist attacks, and investigates the explanations for the related increase of confidence in political institutions and political approval of the incumbent's job performance. I exploit variations in...