Abstract
Does financial bail-out destroy incentives? The conventional wisdom says yes. We investigate the question by, first, asking why there is financial bail-out in the first place, then, embedding...
Dr. Schoar received her Ph.D. in Economics from University of Chicago in June 2000. She is currently a Michael M. Koerner ’49 associate professor with tenure of Entrepreneurial Finance, MIT. Her rese...
Professor Yu-Jane Liu is a Professor of Finance at the Guanghua School of Management, Peking University. Her recent research focuses on behavioral finance, investment and market microstructure. She ha...
The European business cycle has lagged the US business cycle during the period of the great moderation. This paper constructs a two country dynamic stochastic general equilibrium model to calculate ho...
This paper examines the effects of providing financial services to low-income individuals on entrepreneurial activity, employment, and income. We exploit cross-time and cross-municipality variation in...
Nicholas Beale is a strategy consultant and director of Sciteb. Since 2007 he has led a project on applying ideas from mathematical biology to financial regulation, collaborating closely with Prof Mar...
