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Funding Economic Development: A Comparative Study of Financial Sector Reform in Vietnam and China
(United Nations Development Programme and Fulbright Economics Teaching Program, 2009)
Although there is considerable debate among economists as to the impact of financial sector development on economic growth, empirical evidence indicates a strong, direct link between the two. A recent comprehensive review ...
The Forward Market in Emerging Currencies: Less Biased than in Major Currencies
(John F. Kennedy School of Government, Harvard University, 2009)
Many studies have replicated the finding that the forward rate is a biased predictor of the future change in the spot exchange rate. Usually the forward discount actually points in the wrong direction. But, at least until ...
On Global Currencies
(John F. Kennedy School of Government, Harvard University, 2009)
I approach the state of global currency issues by identifying eight concepts that I see as having recently “peaked” and eight more that I see as currently rising in relevance. Those that I see as having already seen their ...
Screening in New Credit Markets: Can Individual Lenders Infer Borrower Creditworthiness in Peer-to-Peer Lending?
(John F. Kennedy School of Government, Harvard University, 2009)
The current banking crisis highlights the challenges faced in the traditional lending model, particularly in terms of screening smaller borrowers. The recent growth in online peer-to-peer lending marketplaces offers ...
The CAPS Prediction System and Stock Market Returns
(2009)
We analyze the informational content of more than 1.2 million stock picks provided by more than 60,000 individuals from November 1, 2006 to October 31, 2007 on the CAPS open access website created by the Motley Fool company ...
Trust and the Reference Points for Trustworthiness in Gulf and Western Countries
(2009)
Why is private investment so low in Gulf compared to Western countries? We investigate cross-regional differences in trust and reference points for trustworthiness as possible factors. Experiments controlling for cross-regional ...