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The standard of living of First Nations is on average much lower than that of other Canadians, but some First Nations have achieved higher well-being than others.This paper is an investigation into the factors that promote prosperity for First Nations. We use the Community Well-being Index...
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Private debt funds are the fastest growing segment of the private capital market. We evaluate their risk-adjusted returns, applying a cash-flow based method to form a replicating portfolio that mimics their risk profiles. Using both equity and debt benchmarks to measure risk, a typical private...
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Intro -- TABLE OF CONTENTS -- FOREWORD AND ACKNOWLEDGMENTS -- ABOUT THE AUTHORS -- EDITORS' NOTE -- Property As Means Or End -- Property In The Political Science Of Aristotle -- Fashions And Idiosyncracies In The Exposition Of The Roman Law Of Property -- Sentiment And Property: Some Roman...
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In this paper, I study how rollover funding risk affects banks' asset illiquidity choice. I address this question using the 2016 US money market fund reform, which reduced the availability of unstable MMF funding and imposed regulations that mitigated the incentives of MMF investors to run....
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