We study professional players and their impacts in peer-to-peer (P2P) markets. P2P markets predominantly consisted of individual, nonprofessional agents but have recently witnessed a rapid influx of corporate suppliers and other professional agents who capitalize on these platforms. What is the...

Using transaction-level trade data from China Customs and loan data from the China Development Bank (CDB), we analyze how government-subsidized credit in China affects its exports and the economic activities in the U.S. We find that CDB credit to strategic industries at the top of supply chains...

By merging transaction-level trade data from China Customs and loan data from the China Development Bank (CDB), we analyze the effects of government credit on trade activities. We find that CDB credit mainly flows to SOEs in strategic industries at the top of the supply chain. These up-stream...

In this paper we describe methods of decomposing risk into subcomponents such as contributing instruments, subportfolios or underlying risk factors e.g., equity, foreign exchange, economy-wide systematic and interest rate risk factors. The Euler allocation principle for allocation of instrument...

Portfolio risk measures such as Value at Risk is traditionally measured using a buy and hold assumption on the portfolio. In particular the 10-day market risk capital is commonly measured as the 1-day Value at Risk scaled by the square root of 10. While this scaling is convenient to obtain n-day...

The study aims to examine the survey of earlier literature that deals with economic growth, energy consumption and carbon emission, both single country studies as well as multi-county studies that covers the period till 2019. The main focus of this survey is on the coverage of countries,...