China is faced with the big challenge of maintaining a remarkable economic growth in an environmental friendly manner; that is why forecasting the turning point is of necessity. Traditional econometric approaches do not consider the spatial dependence that inevitably exists in the economic...

This paper intends to evaluate the impact of financial deregulation of US before 2008 through how the risks associated with mergers and acquisitions (M&As) affect banks' levels of solvency. This paper is the first that hypothesizes bank solvency to be affected by M&As directly and indirectly...

Banks receive two types of ratings from major rating agencies: an “all-in” and a “stand-alone” rating. This paper investigates whether or not rating gaps between the all-in ratings and standalone ratings could serve as a useful measure for the systemic risk of banks. Using US data from...

This paper tests whether intergenerational transfers are given out of altruism or part of an exchange. We uniquely draw a distinction between the transfer motives in a semiparametric, two-part model. Compared to models employed by extant studies, this approach makes less parametric assumption,...

The health risks of the current COVID-19 pandemic, together with the drastic mitigation measures taken in many affected nations, pose an obvious threat to public mental health. The social science literature has already established a clear link between mental health and sociodemographic as well...