This paper provides some historical evidence on the impact of trade reform on income disparities between the liberalizing countries. The convergence test developed here involves joint estimation of augmented Dickey-Fuller type equations using seemingly unrelated regression (SUR) techniques....

We investigate whether banks in more heavily regulated markets are more likely to suffer from capital shortfall and thus contribute more to systemic (in)stability. Our cross-country empirical findings show that bank activity restriction, initial capital stringency and prompt corrective action...

Artificial intelligence (AI) is a technology which is increasingly being utilised in society and the economy worldwide, but there is much disquiet over problematic and dangerous implementations of AI, or indeed, even AI itself deciding to do dangerous and problematic actions. These developments...

Pitch-based soft carbons, with tunable microstructure and low cost, hold great potential as anodes for potassium-ion batteries (PIBs). However, the sluggish storage kinetics and unsatisfying cycle life hinder their practical applications. In addition, low softening point pitch has been seldom...