A<sc>shton</sc> J. K. and G<sc>regoriou</sc> A. The influence of banking centralization on depositors: regional heterogeneities in the transmission of monetary policy, <italic>Regional Studies</italic>. This study examines whether regionally and nationally branching banks set deposits interest rates differently. This assessment...

This study examines whether regionally and nationally branching banks set deposits interest rates differently. This assessment of the UK retail deposit market between 1992 and 2008 indicates regional banks set deposit interest rates in a manner distinct to nationally branching banks. This...

This study examines the influence of offering an overdraft facility on the customer costs of using a personal current account (also termed checking accounts). This assessment informs the wider debate as to whether overdraft use is a significant factor in paying for current account use within...

We explore stock price effects following index additions to the Hang Seng Stock Index (HSI). Unlike previous event studies, we correct the critical values of the standard event study market model using a wild-bootstrap technique. Our findings show that after correcting for nonnormality, the...

We study the relationship between ethnic diversity and economic performance and, in particular, focus on economic growth under democracy and dictatorship. We build a theory which emphasizes the public spending channel, and show that the relationship between public spending and ethnic diversity...

In an endogenous growth model with two public goods, we analytically derive the optimal composition of government spending in the presence of corruption. Although corruption results in a loss of productivity per se, an increase in corruption in the category of public spending that is harmed...

We analyse the relationships between return calculation methods, risk and observation periods. We show that the mean of a return set calculated using logarithmic returns is less than the mean calculated using simple returns by an amount related to the variance of the set. This implies that there...

US asset prices are modelled in the short- and long-run with the use of a seemingly unrelated system using monthly data over the time period, 1983-2004. Once the shocks of 1987, 1997 and post-"9·11" have been accounted for, then volatility only affects the consumption and inflation equations....