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When creators and innovators take up a new task, they face a world of existing creative works, inventions, and ideas, some of which are governed by intellectual property (IP) rights. This presents a choice: Should the creator pay to license those rights? Or, alternatively, should the creator...
Persistent link: https://www.econbiz.de/10012934859
doctrine permits the government to collect a great deal of information about Americans with limited constitutional constraints … conventional response has been to suggest various modifications to the existing information-collection rules. Data collection …, however, is only one part of the problem. The government's post-collection use of information alone can — and often does …
Persistent link: https://www.econbiz.de/10012934866
This paper aims to address the role of subordinated liabilities within the new resolution framework resulting from the post-crisis reforms.In particular, this study starts from the resolution intervention of four Italian banks in November 2015. The legal analysis of that resolution is...
Persistent link: https://www.econbiz.de/10012934873
In this paper I study the relationship between aggregate money balances and subsequent stock and bond returns. I find that levels of broad money multipliers (the ratios of broad money to narrow money) forecast future returns with a negative sign, while changes in these multipliers forecast...
Persistent link: https://www.econbiz.de/10012934882
path of short rates. The latter shocks matter, in part, because of the reduction in interest-rate volatility associated …
Persistent link: https://www.econbiz.de/10012934883
We study the predictability of forward and spot exchange rates of currencies of emerging and developed economies from 1994 to 2016 to shed light on the efficiency of currency markets and how it has evolved over this time. For the currencies of emerging economies, our analysis of rates of return...
Persistent link: https://www.econbiz.de/10012934887
Persistent link: https://www.econbiz.de/10012934902
more entry into the market for these stocks and, consequently, more information collection. The analysis also accords with …
Persistent link: https://www.econbiz.de/10012934909
The depreciation of the Hungarian forint in 2009 left Hungarian borrowers with a skyrocketing value of foreign currency debt. The resulting losses worsened debt overhang in to debt-ridden firms and eroded bank capital. Therefore, although Hungarian banks had partially isolated their balance...
Persistent link: https://www.econbiz.de/10012934922