The Troubled Asset Relief Program (TARP), or the $700 billion bailout, has been the subject of much academic interest. Here the rigorous studies on the programs of this massive intervention into the financial sector are reviewed. While considerable work has been done on the bank bailouts in the...

The paper reviewed the evolution and current situation of the fixed-income securities market in China including both government securities markets and non-government bond markets. Then, the paper analyzes the development issues of fixed-income securities in China and offers recommendations for...

This paper focuses on a comparison between Internet and traditionally presented and transacted office properties for sale in Boston/U.S. and London/U.K. This comparison will provide a better understanding of the effect of the Internet on the real estate office market based on a data-driven...

The time an office property remains available on the Internet before lease-up or sale is a parameter that has not been documented to this point. This paper estimates and compares this time to the corresponding time on the traditional market. The study area comprises of states and cities across...

The present study examines the impact of the Internet on the real estate office market through a survey of real estate professionals in traditional companies in Boston/U.S. and London/U.K. This survey captures professionals' opinions on the use of the Internet and how it affects their business....

This paper investigates the role of seasonal affective disorder (SAD) in the seasonal time-variation of stock market returns. SAD is an extensively documented medical condition whereby the shortness of the days in fall and winter leads to depression for many people. Experimental research in...

The objective is to compare the effectiveness of financial markets and financial intermediaries in financing new industries and technologies in the presence of diversity of opinion. In markets, investors become informed about the details of the new industry or technology and make their own...

This paper considers the changes in financial infrastructure and regulation necessary to support welfare-improving financial innovation. Topics discussed include the development of a system of risk accounting, the regulation of OTC derivatives, reform of deposit insurance, pension reform and...

This paper reviews the availability for financial innovations of patent protection. The paper first reviews patent law, discussing the elements generally required for a patent. The paper then reviews areas where patents have been obtained in the financial and managerial arts. Patents on...

What dynamic strategies do market makers follow to cope with a sudden infusion of uninformed, buy-side price pressure that is sustained over many hours? The Wall Street Journal quot;Investment Dartboardquot; column provides a natural experiment for observing the behavior of market makers in such...