This study assess the effect of corruption on the occurrence of banking crisis for a sample of 38 countries over the period 2000 – 2017. We consider both the direct and the indirect channels through which corruption might affect the occurrence of banking crisis. We also check using a threshold...

We investigate the persistence of real exchange rates using Bayesian methods. First, an algorithm for Bayesian estimation of nonlinear threshold models is developed. Unlike standard grid-based estimation, the Bayesian approach fully captures joint parameter uncertainty and uncertainty about...

We study the effect of a time-periodic, lateral acceleration on the two-dimensional flow of a fluid with a free surface subject to surface tension, confined between two plane, parallel walls under conditions of zero gravity. We assume that the velocity of each contact line is a prescribed,...

Effectiveness, cost-efficiency and distribution issues are crucial for any form of future regulation. This results in the need for reliable instruments to assess regulations ex ante. Elasticities are key parameters for such instruments. We consistently estimate substitution elasticities for a...