Bank Opacity and Safe Asset Moneyness
Journal of Money, Credit and Banking, EarlyView.Abstract A bank is more effective as a supplier of money‐like safe assets when (i) its return on equity (ROE) is relatively lower and (ii) it is relatively more opaque about its balance sheet. A model is presented to support this, emphasizing that safe asset investors focus on the left tail of the collateral value distribution.
SANG RAE KIM
wiley +1 more source
The happiness effect of high-quality development of China's health and wellness industry: micro-empirical evidence from the Chinese Social Survey 2013-2021. [PDF]
Front Public HealthLiu S, Zhu W.
europepmc +1 more source
Monetary Policy When Preferences Are Quasi‐Hyperbolic
Journal of Money, Credit and Banking, EarlyView.Abstract We study discretionary monetary policy in an economy where economic agents have quasi‐hyperbolic discounting. We demonstrate that a benevolent central bank is able to keep inflation under control for a wide range of discount factors. If the central bank, however, does not adopt the household's time preferences and tries to discourage early ...
RICHARD DENNIS, OLEG KIRSANOV
wiley +1 more source
Understanding the Mismatch Between Utilization and Demand for Home Medical Care Among Disabled Older Adults in China. [PDF]
J Multidiscip HealthcZheng J, Xing R, Wu W, Zeng Y.
europepmc +1 more source
A Literature Review of Securities Holdings Statistics Research and A Practitioner's Guide
Journal of Economic Surveys, EarlyView.ABSTRACT Granular holdings data containing security‐by‐security portfolio investments features prominently in economics and finance research. One novel source is the granular Securities Holdings Statistics (SHS), managed by the European Central Bank. SHS covers different euro area investors with over 2 billion observations, representing +50 trillion ...
Martijn Boermans
wiley +1 more source
Research on the new mechanism and path of delayed retirement affecting the birth rate. [PDF]
Front Public HealthJinmeng Z, Guan G, Guan J.
europepmc +1 more source
Asset Pricing and Risk‐Sharing Implications of Alternative Pension Plan Systems
The Journal of Finance, EarlyView.ABSTRACT We show that incorporating defined benefit pension funds in an incomplete markets asset pricing model improves its ability to match the historical equity premium and riskless rate and has important risk‐sharing implications. We document the importance of the pension fund's size and asset demands, and a new risk channel arising from ...
NUNO COIMBRA +3 more
wiley +1 more source
Public sanitation interventions and household clean energy adoption: Evidence from China's renovating water supply and toilets. [PDF]
PLoS OneWang P, Liu L.
europepmc +1 more source
Institutional Investor Attention
The Journal of Finance, EarlyView.ABSTRACT Using data on Internet news reading, we measure fund‐level attention to both aggregate and firm‐specific news and relate it to fund portfolio allocation decisions. In the time series, we find that funds shift attention toward macroeconomic news during periods of high aggregate volatility.
ALAN KWAN, YUKUN LIU, BEN MATTHIES
wiley +1 more source
Analysis of Iran's health service financing policies for the elderly: Applying David Easton's political system model. [PDF]
J Educ Health PromotKhodayari-Zarnaq R +4 more
europepmc +1 more source