In a sample of 110 countries over the period 1960-2009, we document a positive relation between the volatility and … with recent theories of financial frictions. The positive relation between volatility and skewness in the cross-section is …

both domestic and international aspects of the monetary regime before World War I has since declined in its relevance At … the same time, policymakers within major nations placed more emphasis on stabilizing the real economy. In the post-World …

China eventually becomes the world's saver and, thereby, the developed world's savoir with respect to its long …In previous studies that excluded China we predicted that tax hikes needed to pay benefits along the developed world …

During the past two decades, there has been a dramatic change in IPO activity around the world. Though vibrant IPO … the U.S. has fallen compared to the rest of the world and U.S. firms go public less than expected based on the economic …

Asia during this century than in any other region or historical period. By introducing demographic variables into an … empirical model of economic growth, this essay shows that this transition has contributed substantially to East Asia's so …-called economic miracle. The 'miracle' occurred in part because East Asia's demographic transition resulted in its working …

. It is conjectured that the prospects are good for the technological catchup that has taken place in South-East Asia to be … repeated elsewhere in Asia, and especially South Asia, partly in response to recent increases in openness. The role of social …