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How persistent are the effects of legal institutions adopted or inherited in the distant past? A substantial literature argues that legal origins have persistent effects that explain clear differences...
An Angel named ‘The Bank’: The Bank's Fiduciary Duty as the Basic Theory in Israeli Banking Law
imposing a fiduciary duty English principles interesting process in various ways
2011/10/5
The concept of imposing a fiduciary duty on banks is not originally an Israeli one. The Israeli courts adopted it from English principles of equity. However, from the moment it was introduced into Isr...
Banking Law Reform and Users-Consumers in Developing Economies: Creating an Accessible and Equitable Consumer Base from the "Excluded"
banking sector legal reform efforts developing countries consumer protection issues
2011/9/30
The article evaluates banking sector legal reform efforts in developing countries since 1990. It also discusses consumer protection issues in banking sectors of developing countries. Recent selective ...
Zipf's law states that the number of firms with size greater than S is inversely proportional to S. Most explanations start with Gibrat's rule of proportional growth but require additional constraints...
Micro-Macro Relation of Production - The Double Scaling Law for Statistical Physics of Economy -
Micro-Macro Relation Double Scaling Law Statistical Physics
2010/10/19
We show that an economic system populated by multiple agents generates an equilibrium distribution in the form of multiple scaling laws of conditional PDFs, which are sufficient for characterizing the...
Fitting the Log Periodic Power Law to financial crashes: a critical analysis
Log Periodic Power Law financial crashes critical analysis
2010/10/18
A number of papers claim that a Log Periodic Power Law (LPPL) fitted to financial market bubbles that precede large market falls or 'crashes', contain parameters that are confined within certain rang...