Systemic risk is a key concern for central banks charged with safeguarding overall financial stability. In this paper we investigate how systemic risk is affected by the structure of the financial system. We construct banking systems that are composed of a number of banks that are connected by...

With an increasingly integrated global financial system, we frequently observe that shocks to individual asset markets affect financial markets worldwide. The aim of this paper is to quantify the comovement between bond markets in the US and emerging market economies. Following Rigobon (2003),...

The Nanjing Massacre (1937–1938) has been rewritten by two controversial Chinese hits aimed at the global market: City of Life and Death (2009) and The Flowers of War (2011). Directed, respectively, by the rising director Lu Chuan and the internationally renowned “Fifth Generation”...

The purposes for this study are: 1) To examine the influence of the management style of restaurant affiliation (chain and independent restaurants) on the relationships between organization citizenship behavior and three factors: a. part-time employee’s perceived supervisor support, b....

In this paper, we simulate a decentralized multiple dealership market using agent based model. Risk averse dealers receive order flow from customers, which can not be observed by the other dealers. Then dealers trade among themselves. Neural net-works are used to represent a decision model for...

We analyze the prices of owner-occupied housing in 97 metropolitan areas between 1980 and 2011. Our tests indicate that price changes exhibit positive serial correlation at the one year intervals, with subsequent reversals of price changes over longer intervals. Consistent with our simple model,...

We set up a game-theoretic model for a market where the presale method (to sell a property before its completion) can be used together with construction loans and mortgages as a developer's financing tools for project developments. This model captures the interactions and dynamics among four...

In this paper, a new robust and efficient estimation approach based on local modal regression is proposed for partially linear single-index models, of which the univariate nonparametric link function is approximated by local polynomial regression. The asymptotic normality of proposed estimators...

The application of fully distributed watershed models has the advantage of providing location-specific outputs. However, the calibration of these models is very challenging due to over-parameterization. A typical strategy is to aggregate parameters and screen out insensitive parameters in order...

Cooperative (co-op) advertising has been widely used in practice and employed as a strategy to improve the performance of a distribution channel. It is known from the existing models that co-op advertising could not achieve the channel coordination (i.e., maximize the total channel profit). In...