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The Entrepreneur in Youth offers one of the most comprehensive assessments to date of African American, Latino, and … over 11,000 respondents from high school youth and other groups, including adults and business owners. The key findings … exhibit an extraordinarily high level of interest in entrepreneurship among youth as well as a strong desire to give back to …
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Borders have a sizable negative impact on trade flows. Given the vast number of individual goods potentially traded, this "border effect" could have two possible explanations: (1) less international than domestic trade in the goods that are actually traded between countries ("flow"), or (2)...
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This paper examines how risk in trading activity can affect the volatility of asset prices. We look for this relationship in the behavior of interest rate swap spreads and in the volume and interest rates of repurchase contracts. Specifically, we focus on convergence trading, in which...
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Debit cards are overtaking credit cards as the most prevalent form of electronic payment at the point of sale, yet the determinants of a ubiquitous consumer choice - "debit or credit?" - have received relatively little scrutiny. Several stylized facts suggest that debit-card use is driven by...
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