This paper presents a model of a banking industry with heterogeneous banks that delivers
predictions on the relationship between banks' risk of failure, market structure, bank ownership…

This paper examines the relation between public spending and the spread of democracy in
Western Europe during the period 1830–1938. Our data set includes measures of the size of …

Many empirical studies of banking crises have employed" banking crisis"(BC) indicators
constructedusing primarily information on government actions undertaken in response to bank …

Reports on how blockchain can impact industries. IN 2009, Toyota announced a recall of
four million vehicles due to faulty gas pedals.1 The recall cost an estimated US$2 billion. The …

This paper examines how the financial activities of non-financial corporations (NFCs) in
international markets potentially affects domestic monetary aggregates and financial conditions. …

The paper analyzes the efficiency and profitability of Japanese banks from 2000-06. It uses a
non-parametric approach, the data envelopment analysis (DEA) to analyze banks' cost and …

The paper estimates a behavioral equilibrium exchange rate model for Ghana. Regression
results show that most of the REER's long-run behavior can be explained by real GDP growth…

… Nir Kshetri , University of North Carolina, Greensboro Elena Loukoianova , International
Monetary Fund … Elena Loukoianova is a deputy division chief of the Asia Pacific …

This paper proposes a new framework for the analysis of public sector debt sustainability.
The framework uses concepts and methods from modern practice of contingent claims to …

Global investment to achieve the Paris Agreement’s temperature and adaptation goals
requires immediate actions—first and foremost—on climate policies. Policies should be …