The "Gulf Falcons"-the countries of the Gulf Cooperation Council-have high living standards as a result of large income flows from oil. The decline of oil prices between summer 2014 and fall 2015 underscores the urgency for the Gulf Falcons to diversify away from their current heavy reliance on...

Multiple testing adjustments have become increasingly prevalent in empirical asset pricing. The purpose of these adjustments is to correct the tendency to reject the null hypothesis erroneously. The use of such adjustments, however, involves balancing the benefits of controlling false positives...

Using a sample from 1980 to 2018, we find evidence consistent with banks and insurers in the U.S. diversifying financial risk through their equity holdings. They tend to offset the risk of increased leverage by lowering the leverage of the non-financial firms in which they take an equity stake....

This paper examines the impact of preferential trade agreements on the duration of antidumping protection. It employs a two-step selection model where the first step accounts for the impact of preferential trade agreement membership on the original antidumping determination, and the second step...