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Figure 14. Non-core liabilities of Korean banks as proportion of M2 (Source: Shin and Shin (2010), data
from Bank of Korea)
A representative investor generates realistic and complex security price paths by following this trading strategy: if, a few ticks ago, the market asset had two consecutive upticks or two consecutive ...
Economic Complexity: Fundamental Issues And Policy ImplicationsThe Nature of Persistent Business Cyc
2008/1/17
The nature of persistent business cycles and growth fluctuations can be understood by a unified approach in measurement and theory. It is found that the HP trend-cycle decomposition provides a consist...
Complexity of Transaction Costs and Evolution of Corporate Governance
transaction costs corporate governance selective mechanism life cycles
2010/12/7
Conflicting agendas in corporate governance show the limits of the transaction costs approach and property rights theory. A top-down approach of control and monitor may have negative effect on the com...