Results 121 to 130 of about 82,468 (248)
Geopolitical Risk and Domestic Bank Deposits
ABSTRACT We investigate the relationship between global geopolitical risk and bank deposit flows across a wide panel of European countries. Motivated by the pivotal role of deposit stability for financial intermediation and systemic resilience, we explore whether geopolitical shocks alter depositors’ portfolio choices.
Dimitris Anastasiou +3 more
wiley +1 more source
Identification and Estimation of Large Network Games with Private Link Information
ABSTRACT We study the identification and estimation of large network games in which individuals choose continuous actions while holding private information about their links and payoffs. Extending the framework of Galeotti et al., we build a tractable empirical model of such network games and show that the parameters in individual payoffs are ...
Hülya Eraslan, Xun Tang
wiley +1 more source
ABSTRACT This study investigates how the learner‐related factors of language dominance, encompassing language history, proficiency, use, and attitude, modulate congruency effects in multi‐word unit (MWU) processing among early bilinguals. Seventy Cantonese–Putonghua bilinguals completed lexical decision tasks measuring reaction time and accuracy for ...
Mingjia Cai, Yuan Liang
wiley +1 more source
A Non‐Parametric Framework for Correlation Functions on Product Metric Spaces
Summary We propose a non‐parametric framework for analysing data defined over products of metric spaces, a versatile class encountered in various fields. This framework accommodates non‐stationarity and seasonality and is applicable to both local and global domains, such as the Earth's surface, as well as domains evolving over linear time or time ...
Pier Giovanni Bissiri +3 more
wiley +1 more source
Disclosure Benchmarking by Lawyers: Evidence From the IPO Setting
ABSTRACT Lawyers play an important advisory role in drafting financial reports, yet empirical evidence documenting the influence of external legal counsel on this process remains sparse. This study focuses on a specific aspect of lawyers’ drafting process: the practice of reviewing disclosures previously filed by other issuers—a practice termed ...
Michael Drake +4 more
wiley +1 more source
Generalizing Determinacy under Monetary and Fiscal Policy Switches: The Case of the Zero Lower Bound
Abstract In a fixed‐regime context, it has been established since the work of Leeper (1991) that a determinate and unique equilibrium can be achieved under both monetary dominance (characterized by an active monetary policy and a passive fiscal policy) and fiscal dominance (characterized by an active fiscal policy and a passive monetary policy) regimes
SEONGHOON CHO, ANTONIO MORENO
wiley +1 more source
Liquidity Crises and the Market‐Maker of Last Resort
Abstract We study market illiquidity in an economy subject to nonfundamental shocks. Asset trading occurs via decentralized bargaining. The model has multiple rational expectations equilibria; we associate certain Pareto‐inferior equilibria with liquidity crises.
CHARLES M. KAHN +2 more
wiley +1 more source
Shock Propagation within Multisector Firms
Abstract This paper studies the role of multisector firms in the cross‐sectoral propagation of economic shocks. By leveraging an increase in import competition from China as a source of a negative economic shock, we show that employment of an establishment in a given industry is negatively affected by shocks that impact establishments operating in ...
JAY HYUN, ZIHO PARK, VLADIMIR SMIRNYAGIN
wiley +1 more source
What Drives Investors' Portfolio Choices? Separating Risk Preferences from Frictions
ABSTRACT We study the role of risk preferences and frictions in portfolio choice using variation in 401(k) default options. Patterns of active choice in response to different default funds imply that, absent participation frictions, 94% of investors prefer holding stocks, with an equity share of retirement wealth declining with age—patterns markedly ...
TAHA CHOUKHMANE, TIM DE SILVA
wiley +1 more source
The Socioeconomic Gradient in Joint Physical Custody: A Comparison of 32 Countries
ABSTRACT Objective This study investigates the association between mothers' socioeconomic status (SES) and joint physical custody among children, focusing on how the SES gradient in joint physical custody relates to its country‐specific prevalence. Background Joint physical custody has become increasingly common in post‐divorce family arrangements ...
M. D. (Anne) Brons +2 more
wiley +1 more source

