Sustainable energy transition is garnering attention as a method to achieve emission reduction targets. In this transition, technology learning and spillovers, which are representative sources of technological change, have significant implications. Most previous studies focused on inter-country...

This paper explores new estimates of the number of veterans and the value of veterans' benefits -- both cash benefits and land grants -- from the Revolution to 1900. Benefits, it turns out, varied substantially from war to war. The veterans of the War of 1812, in particular, received a smaller...

We present a new monthly index of the yield on junk (high yield) bonds from 1910-1955. We then use the index to reexamine some of the main debates about the financial history of the interwar years. A close look at junk bond yields: (1) strengthens the view that the decline in lending standards...

We present a new monthly index of the yield on junk (high yield) bonds from 1910-1955. We then use the index to reexamine some of the main debates about the financial history of the interwar years. A close look at junk bond yields: (1) strengthens the view that the decline in lending standards...

Purpose: This study tries to identify the impact of the COVID-19 pandemic on the similarity of banks' loan portfolios. Design/methodology/approach: Using the entire firm-level bank loan data from 2009 to 2020 in the Korean market, this study analyzes the cosine similarity in terms of credit...

Purpose: This study attempts to identify the cause of the failure of a platform operator in a P2P lending market, from the perspective of the internal credit rating system. Design/methodology/approach: Data from Moneyauction, the first P2P lending platform in Korea, which led the market for a...