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We examine the effect of US branch banking deregulations on the entry size of new firms using micro-data from the US Census Bureau. We find that the average entry size for startups did not change foll...
This paper explores the interaction between the federal Earned Income Tax Credit (EITC) and the cost-of-living faced by single mothers. After the 1993 EITC expansion, we identify up to an 8 percentage...
Bank for International Settlements (BIS) is an international enterprise formed by the central banks of various countries in 1930. A working group, the “Basel Committee” had been created within the B...
The mutual fund industry manages about a quarter of the assets in the U.S. stock market and thus plays an important role in the U.S. economy. The question of how much control is concentrated in the ha...
Many financial variables are found to exhibit multifractal nature, which is usually attributed to the influence of temporal correlations and fat-tailedness in the probability distribution (PDF).Based...
We demonstrate that the lowest possible price change (tick-size) has a large impact on the structure of financial return distributions. It induces a microstructure as well as it can alter the tail beh...
“中国经济研讨会”第十三讲 题目:Delegated monitoring and bank size distribution 时间:4月11日(周三)上午9:30—11:30 地点:万众楼小教室 主讲人:孙希芳 “中国经济研讨会”简介: “中国经济研讨会”是中国经济研究中心从2006年10月开始举办的一项常规性学术活动,旨在为校内外从事中国经济及其相关领域研究的青年教师、博硕士研究...

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