We study the effect of economic fluctuations on investment in higher education for a wide range of countries. Our main focus is foreign students who come to the United States to attend university. There is a strong relation between enrollment and the business cycle in the sending country. The...

We relate the valuation dynamics of global systemically important banks (G-SIB) to levels of public sector corruption in their country of domicile. We show that G-SIB valuations benefitted from higher perceived public sector corruption before the global financial crisis (1998:Q1-2007:Q2), but...