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The Administration’s plan for financial regulatory reform would grant the Federal Reserve significant new powers—more powers than ever before in American history. The Federal Reserve would have the ...
The ongoing financial crisis has given a new urgency to this question. Government officials are now proposing legislation to expand significantly the role of government in the financial sector and b...
The more restrictive the definition and the more credibly it is adhered to by policy makers, the fewer bailouts we would see. Recognizing that bailouts are unavailable except in the most unlikely c...
An important issue in addressing the adequacy of regulation and supervision is the problem of regulatory capture, or the tendency for regulated fi rms and their government regulators to develop mutu...
This paper formulates and estimates a household-level demand for water under increasing block prices that accounts for the impact of monthly weather variation and customer-level heterogeneity in d...
Many researchers have used federal funds futures rates as measures of financial markets’ expectations of future monetary policy. However, to the extent that federal funds futures reflect...
Sovereign Risk, FDI Spillovers, and Growth.
Measuring the Interest;Rate Risk     Measuring  Interest  Rate Risk       2015/7/21
Measuring the Interest‑Rate Risk.
Entrepreneurship is risky. We study the risk facing a well-documented and important class of entrepreneurs, those backed by venture capital. Using a dynamic program, we calculate the certainty-equival...
To combat adverse selection, governments increasingly base payments to health plans and providers on enrollees’ scores from risk-adjustment formulae. In response to evidence of plan overpayments due t...
We analyze the extent to which individuals’ choices over five employerprovided insurance coverage decisions and one 401(k) investment decision exhibit systematic patterns, as would be implied by a g...
There exists objective and inherent logical relationship between financial prosperity and enterprise expansion risk. This paper divides financial prosperity monitoring indicators into leading indicato...
华中科技大学投资学课件Chapter5 Risk and Risk Aversion。

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