This paper reviews existing studies investigating online communication on products and services, also known as, electronic word-of-mouth (eWOM). The first half of the paper summaries what is known about eWOM in the literature. Existing studies largely relate to the marketing field and are...

This study investigates the amount of liquidity that is necessary to settle a given network of financial obligations. In our analysis, we assume sequential settlement, which is standard in real-world interbank settlement systems, instead of simultaneous settlement, which is typically assumed in...

A surge in banks' liquidity needs increases settlement costs that could burden the functioning of the real economy through its impact on banks' lending behavior. A liquidity-saving mechanism (LSM) can help reduce banks' liquidity needs, but it could also affect banks' strategic behavior. To...

A graph-theoretic framework is developed to study decentralized settlement in a general payment network. This paper argues settlement efficiency through examining how much settlement fund needs to be provided to settle all given obligations. Observing that required amount of settlement fund...

A monetary general equilibrium framework is presented to investigate consequences of a monetary expansion in development contexts. The focus is on the process of inter-sector labor shift in conjunction with the effects on income and wealth distribution, where sectors are defined through a...