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Full-Text Articles in Business

From Grain To Glass To Covid 19, Angie Bidlack, Jenny Fisher, Lascelles Hussey, Alyssa Rudner, Jane Siegler Jan 2021

From Grain To Glass To Covid 19, Angie Bidlack, Jenny Fisher, Lascelles Hussey, Alyssa Rudner, Jane Siegler

Scholarship and Professional Work - Business

The case examines the business operations of Midwest Whiskey, MWW, focusing on the downstream supply chain. This includes examining the risks, efficiencies, and modes of distribution for all of the MWW products, before and during the COVID-19 Pandemic. Questions of interest include: Considering the downstream supply chain for MWW, where would you suggest Casey invest in the B2B and B2C Channels? Would your answer change had the pandemic not occurred? What risks does MWW have? Why did you choose each? What capabilities, and subsequent actions, can MWW use to mitigate these? What are positives and negatives to investing in a …

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Ambiguity Aversion And Experiential Learning: Implications For Long-Term Savings Decisions, Bryan Foltice, Rachel Rogers Jan 2021

Ambiguity Aversion And Experiential Learning: Implications For Long-Term Savings Decisions, Bryan Foltice, Rachel Rogers

Scholarship and Professional Work - Business

This paper evaluates potential methods for reducing ambiguity surrounding returns on equity to improve long-term savings decisions. We evaluate 221 undergraduate students in the U.S. and first assess the degree of ambiguity aversion exhibited by individuals in the sample population as they decide between a risky (known probability) option and ambiguous (unknown probability) option pertaining to their chances of winning $0 or $1 in a hypothetical lottery. Allowing participants to experience the underlying probability through sampling significantly influences behavior, as participants were more likely to select the ambiguous option after sampling. Similarly, we test whether sampling historical return data through …

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Research Framework Of Human Factors Interactions With Technical And Security Factors In Cloud Computing, Hongjiang Xu, Sakthi Mahenthiran Jan 2021

Research Framework Of Human Factors Interactions With Technical And Security Factors In Cloud Computing, Hongjiang Xu, Sakthi Mahenthiran

Scholarship and Professional Work - Business

There are many advantages to adopt cloud computing, however, some important issues need to be addressed, such as cybersecurity, cost-saving, trust, implementation complexity, and cloud provider’s reliability. This study developed a research framework to study the human factors that interact with technical and cybersecurity factors to affect the cloud-computing provider’s performance from the user’s perspective. Research hypotheses were developed and a survey was conducted to test the hypotheses and validate the research framework.

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The Effect Of Board Links, Audit Partner Tenure, And Related Party Transactions On Misstatements: Evidence From Chile, Sakthi Mahenthiran, Berta Silva Palavecinos, Hanns De La Fuente-Mella Dec 2020

The Effect Of Board Links, Audit Partner Tenure, And Related Party Transactions On Misstatements: Evidence From Chile, Sakthi Mahenthiran, Berta Silva Palavecinos, Hanns De La Fuente-Mella

Scholarship and Professional Work - Business

Companies restate when material misstatements are identified in previously issued financial statements. Misstatement research in Latin America is sparse, even though they are an important context to study this phenomenon. Chile’s corporate governance regulations are considered exemplars for Latin American countries but its auditing profession is not well developed. Thus, Chile provides an interesting context to study the complementary roles of audit and board governance affecting misstatements. Using a sample of 104 Chilean listed firms over seven years, our study finds that the board links and audit partner tenure negatively affect misstatements. Specifically, given the prevalence of related party transactions …

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Understanding The Effects Of Colleague Participation And Public Cause Proximity On Employee Volunteering Intentions: The Moderating Role Of Power Distance, Jundong Hou, Ling Qian, Chi Zhang Nov 2020

Understanding The Effects Of Colleague Participation And Public Cause Proximity On Employee Volunteering Intentions: The Moderating Role Of Power Distance, Jundong Hou, Ling Qian, Chi Zhang

Scholarship and Professional Work - Business

Many organizations encourage their employees to participate in charitable activities as part of their corporate social responsibility strategies. As a result, there has been an increased research interest in employee volunteering behavior. However, while previous research on employee volunteering decisions has focused on both individual-level and organizational-level factors, there has been less focus on peer involvement and volunteer cause proximity. To go some way to filling this research area, this paper conducted two studies to examine the possible effects of colleague participation, colleague position and public cause proximity on employee volunteering intentions. Study 1 found that colleague participation and public …

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Stock Market Contagion During The Global Financial Crises: Evidence From The Chilean Stock Market, Sakthi Mahenthiran, Tom Gjerde, Berta Silva Apr 2020

Stock Market Contagion During The Global Financial Crises: Evidence From The Chilean Stock Market, Sakthi Mahenthiran, Tom Gjerde, Berta Silva

Scholarship and Professional Work - Business

The study examines evidence for the transmission of the US and EU financial crises via investor holdings into the Chilean stock market following two global financial crises, in 2008 and 2011. The study modified the models of Bekaert et al. (2014), and Dungey and Gajurel (2015) on the 2007–2009 global financial crisis and extends the period to include the European debt crisis of 2010–2011. The study produced three main contributions. First, changes in the equity holdings of retail investors were a key source of contagion following the 2008 US financial crisis. Second, investor herding during the 2011 financial crisis is …

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Assigning Triaged Patients To Treatment Rooms In A Hospital Emergency Department, Barry E. King E. King, Tyler Pollard, Jennifer Rice, Jane Siegler Dec 2019

Assigning Triaged Patients To Treatment Rooms In A Hospital Emergency Department, Barry E. King E. King, Tyler Pollard, Jennifer Rice, Jane Siegler

Scholarship and Professional Work - Business

The assigning of new arrivals at a hospital emergency department to treatment rooms was examined. New patients are summarily triaged and assigned to a treatment room based on severity of their symptoms, the grade of a treatment room, and an exponential benefit curve that encourages the solver to schedule the most severe cases early. SAS’s OPTMODEL modeling language was employed to build the model and SAS’s MILP solver was used to perform the scheduling. Up to thirty patients were optimally assigned to depict the example of a large emergency department.

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Using Machine Learning To Predict Sales Conditional On Bid Acceptance, Barry E. King, Jason Davidson Nov 2019

Using Machine Learning To Predict Sales Conditional On Bid Acceptance, Barry E. King, Jason Davidson

Scholarship and Professional Work - Business

A North American provider of vehicle parking solutions seeks to predict if a bid will be successful and, for those that are successful, what will be the cumulative sales revenue. Both traditional statistical methods and machine learning algorithms were employed. The machine learning techniques performed better than the statistical methods. There is no statistically significant difference between random forest and extreme gradient boosting for either the binary classification task or the regression task.

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The Impact Of State Fiscal Policy On States' Resilience Entering The Great Recession, Kathy A. Paulson Gjerde, Peter Prescott, Jennifer Rice Apr 2019

The Impact Of State Fiscal Policy On States' Resilience Entering The Great Recession, Kathy A. Paulson Gjerde, Peter Prescott, Jennifer Rice

Scholarship and Professional Work - Business

The U.S. economy entered the Great Recession in December 2007 and exited in June 2009. This national statistic obscures a wealth of state-level data shedding light on the policies and conditions that helped some states withstand that recessionary shock for a time. In this study, we used that state-level data in a parametric regression model, known as survival analysis, to estimate the effects that a state’s fiscal policy had on the timing of its entry into the Great Recession. Consistent with earlier, more general, studies focusing on economic growth, we found that taxes have the potential to hasten the start …

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Go Global Or Stay Local? Understanding How Fiscal Incentives Reshape Supply Networks, Ricardo Silveira Martins, Janaina Siegler, Armando Souza-Junior, Barbara Flynn, Guilherme Silveira Martins Apr 2019

Go Global Or Stay Local? Understanding How Fiscal Incentives Reshape Supply Networks, Ricardo Silveira Martins, Janaina Siegler, Armando Souza-Junior, Barbara Flynn, Guilherme Silveira Martins

Scholarship and Professional Work - Business

This study investigates the way firms reconfigure their supply base and reshape their production network to capture value from Free Trade Zone incentives to capture value from incentives. Six production networks located in Manaus, Brazil are analyzed using the Global Production Network framework and factors related to plant type and supplier relationships. A multiple case study was conducted. Data was collected using in-depth semi-structured interviews administered in loco, and the selected the firms were leaders in three different industries: transportation, mechanical assembly and chemicals. The results indicate that, if effectively applied, incentives can impact production network configuration from an embeddedness …

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The Influences Of Locus Of Control, Debt, And Framing On Retirement Contributions, Bryan Foltice, Patrick Ilcin Jan 2019

The Influences Of Locus Of Control, Debt, And Framing On Retirement Contributions, Bryan Foltice, Patrick Ilcin

Scholarship and Professional Work - Business

This study evaluates locus of control, debt, and framing effects as potential drivers of retirement savings decisions. We administer an online survey analyzing how much an individual will save for retirement upon graduating college. The study finds that individuals with an external locus of control contribute significantly less to their retirement savings than individuals with an internal locus of control. Interestingly, this study finds no significant relationship between debt overhang and initial contributions. To measure framing effects, participants were given the choice to change their initial contribution rate after seeing the estimated increased future amount of their account balance based …

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Prenatal Stress And Birth Weight: Evidence From The Egyptian Revolution, Ronia A. Hawash Jan 2019

Prenatal Stress And Birth Weight: Evidence From The Egyptian Revolution, Ronia A. Hawash

Scholarship and Professional Work - Business

The Egyptian Revolution that ignited in January 2011 resulted in intense violent conflict between protestors and former regime allies. This generated a significant amount of fear and stress among people who lived in proximity to such events. We use this exogenous shock as a natural experiment to test the causal relationship between prenatal stress and birth weight. Governorate-level fatalities resulting from this conflict will be used as an exogenous indicator for prenatal stress. Using fixed effects and difference-in-difference analysis, results show that higher prenatal stress resulting from political conflict during the first and second trimesters of pregnancy has a …

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Building Country-Specific Advantages (Csa): Understanding How Ftz Incentives Impact Strategic Plant Location And Buyer-Supplier Relationships, Armando Araújo Souza-Júnior, Ricardo Silveira Martins, Jane Siegler, Afrânio A. F. Soares-Filho Jan 2019

Building Country-Specific Advantages (Csa): Understanding How Ftz Incentives Impact Strategic Plant Location And Buyer-Supplier Relationships, Armando Araújo Souza-Júnior, Ricardo Silveira Martins, Jane Siegler, Afrânio A. F. Soares-Filho

Scholarship and Professional Work - Business

We explore how leading companies manage relationships in supply chains that are not formed by natural market forces. Rather, they were stimulated by exogenous forces, such as the Free Trade Zones that are created by the Government’s policy initiatives for purposes of regional development. We researched electronic industry in Manaus, located in the Brazilian Amazon Rain Forest. Multi-methods using qualitative, structured interviews, and quantitative approaches, structural modeling equation, were used. Results indicated that the companies settled for a location that they would not do under normal conditions and, secondly, that there was an expectation of externality as the makers of …

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Misperception Of Exponential Growth: Are People Aware Of Their Errors?, Henning Cordes, Bryan Foltice, Thomas Langer Jan 2019

Misperception Of Exponential Growth: Are People Aware Of Their Errors?, Henning Cordes, Bryan Foltice, Thomas Langer

Scholarship and Professional Work - Business

Previous research shows that individuals make systematic errors when judging exponential growth, which has harmful effects for their financial well-being. This study analyzes in how far individuals are aware of their errors and how these errors are shaped by arithmetic and conceptual problems. While arithmetic problems could be overcome by employing computational assistance like a pocket calculator, this is not the case for conceptual problems, a term we use to subsume other error drivers like a general misunderstanding of exponential growth or overwhelming task complexity. In an incentivized experiment, we find that participants strongly overestimate the accuracy of their intuitive …

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Challenges And Opportunities For The Development Of River Logistics As A Sustainable Alternative: A Systematic Review, Ademar Vilarinho, Lara Bartocci Liboni, Jane Siegler Jan 2019

Challenges And Opportunities For The Development Of River Logistics As A Sustainable Alternative: A Systematic Review, Ademar Vilarinho, Lara Bartocci Liboni, Jane Siegler

Scholarship and Professional Work - Business

In the last decades there has been great concern about sustainability, especially in companies, where the concept of sustainable development is no longer a trend, but a reality. In the logistics field it should not be any different, since it´s importance to the movement of goods and people. This movement is carried out by four transportation modals, road, air, rail and river. The road transportation is widely used in relation to the others, bringing some problems in large urban centers like traffic jams, climate change, pollution, high CO2 emissions, among others. Thus, it is currently a great challenge to make …

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Additional Evidence On The Impact Of The International Financial Reporting Standards On Earnings Quality: Evidence From Latin America, Mauricio Melgarejo Oct 2017

Additional Evidence On The Impact Of The International Financial Reporting Standards On Earnings Quality: Evidence From Latin America, Mauricio Melgarejo

Scholarship and Professional Work - Business

The purpose of this paper is to explore whether the adoption of the International Financial Reporting Standards (IFRS) has an impact on the quality of earnings in Latin America. Studying a sample offirms from Argentina, Brazil, Chile, Mexico, and Peru, I find that management reports a lower level of discretionary accruals after the implementation of the IFRS. In addition, this study provides evidence that earnings are more persistent and stock prices are more associated with earning numbers after the application of IFRS. This paper provides evidence that earnings quality has increased after the adoption of IFRS in Latin America.

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Perceptions Of Personal Risk In Tourists’ Destination Choices: Nature Tours In Mexico, Gregory E. Osland, Robert Mackoy, Marleen Mccormick May 2017

Perceptions Of Personal Risk In Tourists’ Destination Choices: Nature Tours In Mexico, Gregory E. Osland, Robert Mackoy, Marleen Mccormick

Scholarship and Professional Work - Business

Terrorism, pandemic diseases, and other threatening events have recently heightened the sense of personal risk for tourists considering international travel. This article addresses the paucity of research assessing perceptions of risk both before and during travel to risky destinations. Tourists on two nature tours in Mexico were interviewed and observed while engaged in the travel. Many types of specific perceived risks were uncovered, including insect-borne disease, traffic accidents, financial losses, and unattained goals. Some correlates of perceived risk were tour company reputation, stage of family life cycle, age, and motivation. Based on the types of perceived risk and the factors, …

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The “Indy Way”: Lessons From Brazilian Sugarcane Ethanol And Indycar Partnership, Christian Santiago, Jane Siegler, Marcelo Martins Sa Jan 2017

The “Indy Way”: Lessons From Brazilian Sugarcane Ethanol And Indycar Partnership, Christian Santiago, Jane Siegler, Marcelo Martins Sa

Scholarship and Professional Work - Business

This paper explores how the Brazilian sugar-energetic processors used Indycar racing to increase exports to the United States and create value by transforming the Brazilian ethanol from a commodity fuel to an advanced biofuel, between 2009 to 2012. This case study uses the relationship between Brazilian Sugar-cane Industry Association (UNICA), Brazilian Trade and Investment Promotion Agency (APEX-Brazil), and the IndyCar Racing League (IRL), to show the ability to learn and perform in a competitive scenario. Absorptive Capacity (ACAP) theory is used to understand how the Brazilian sugar-energetic processors identified, assimilated, transformed, and exploited knowledge from this relationship, as well as …

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Effectuation, Not Being Pragmatic Or Process Theorizing, Remains Ineffectual: Responding To The Commentaries, Richard J. Arend, Hessam Sarooghi, Andrew C. Burkemper Jul 2016

Effectuation, Not Being Pragmatic Or Process Theorizing, Remains Ineffectual: Responding To The Commentaries, Richard J. Arend, Hessam Sarooghi, Andrew C. Burkemper

Scholarship and Professional Work - Business

We appreciate the opportunity to respond to the provocative Dialogue pieces of Read, Sarasvathy, Dew, and Wiltbank (2016; henceforth, “RSDW”); Reuber, Fischer, and Coviello (2016; henceforth, “RFC”); Gupta, Chiles, and McMullen (2016; henceforth, “GCM”); and Garud and Gehman (2016; henceforth, “GG”), each of which makes several claims in defense of effectuation, as well as describes several ways forward in entrepreneurship- and process-related theorizing. We respond in a manner consistent with the traditional perspective in management theorizing that “good theory is practical” (Lewin, 1945), where “theory is theory” (Simon, 1967; Van de Ven, 1989) based on our discipline’s collective commitment to …

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Asset Allocation, Risk Tolerance And Shortfall Risk, Steven D. Dolvin Apr 2016

Asset Allocation, Risk Tolerance And Shortfall Risk, Steven D. Dolvin

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Asset allocation is the biggest driver of portfolio performance, particularly over the long-term. Moreover, it also is reflective of an investor's risk tolerance. The recent financial crisis has negatively impacted investment psychology, particularly among younger investors. As a result, the so-called "Generation-Y" has over half of their assets held in cash -- a "non-earning" asset. While this is safe, there is a risk of loss in value, as cash does not even hold up with inflation. In the long-term, such an allocation means a lower retirement balance--i.e., shortfall risk. Thus, these investors have essentially traded one type of risk for …

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Short Interest At High Levels, Steven D. Dolvin Apr 2016

Short Interest At High Levels, Steven D. Dolvin

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Short interest has been high even though the market has recovered significantly. In fact, in the wake of the recovery, short sellers have increased their positions. If they are correct, we could see a market pullback. Their short positions, however, create a large "sideline" demand, which has actually made market moves more positive in the wake of neutral news (due to short covering). See article here, Yahoo/Bloomberg.

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China Looks To Add Credit Default Swaps, Steven D. Dolvin Mar 2016

China Looks To Add Credit Default Swaps, Steven D. Dolvin

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Credit Default Swaps (CDSs) enable investors to hedge the risk of bond (or other credit securities) default. Like any derivative, they essentially allow investors to transfer risk -- from hedgers to speculators (or even between hedgers or speculators with different exposures). See article here, Reuters.

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Income And Spending, Steven D. Dolvin Mar 2016

Income And Spending, Steven D. Dolvin

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Normally higher incomes lead to higher spending, but recent increases in income seem to be headed into savings. This creates a mixed picture for consumer stocks. See article here, LA Times.

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Conflict Of Interest In 401(K) Funds, Steven D. Dolvin Mar 2016

Conflict Of Interest In 401(K) Funds, Steven D. Dolvin

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Companies often hire third party administrators (TPAs) to manage their respective 401(k) plans. Some companies simply provide documentation and advice; however, other TPAs actually offer their own proprietary (in-house) funds as investment alternatives. New research () shows that these funds often carry higher fees and have lower returns, illustrating the impact of a conflict of interest. This is particularly pronounced for banks and insurance companies acting as TPAs.

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The Rise Of The Robo-Advisor, Steven D. Dolvin Mar 2016

The Rise Of The Robo-Advisor, Steven D. Dolvin

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In response to high fees and varying levels of quality/service across traditional human advisors, new firms are transitioning to a fully automated framework. These so-called "Robo-Advisors" provide fully automated allocation and management strategies. This approach significantly reduces costs and standardizes risk-return matching strategies. See article here, CFA Institute.

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Nasdaq To Acquire Ise, Steven D. Dolvin Mar 2016

Nasdaq To Acquire Ise, Steven D. Dolvin

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Nasdaq is set to acquire the International Securities Exchange (ISE). The combined firm will manage six exchanges, representing 38 percent of US options trading. This will surpass the CBOE, which manages about 27 percent of the option trading market. See article here, Bloomberg.

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Target Date Funds And Dollar Cost Averaging, Steven D. Dolvin Mar 2016

Target Date Funds And Dollar Cost Averaging, Steven D. Dolvin

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Target Date Funds simplify the investment process for investors, as such funds oversee changing asset allocations through time. A secondary benefit is that with these "set it and forget it" funds, investors are less likely to try to time the market. This is good since such activity generally hurts (rather than helps) most investors. In fact, staying the course allows investors to benefit from downside market volatility, as continued investment enables investors to buy more shares at lower prices, so-called dollar cost averaging. See article here, WSJ.

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Correlation Concerns, Steven D. Dolvin Feb 2016

Correlation Concerns, Steven D. Dolvin

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Modern Portfolio Theory (MPT) is based on the notion that diversification creates better (a.k.a., more efficient) portfolios. The benefit of the diversification stems from less than perfect correlations between asset classes. However, during times of extreme stress, and even in recent years with market integration, correlation values have increased. This calls into question whether diversification will bring the full benefit that it is expected to provide. See article here, Bloomberg.

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Credit Default Swaps Signal Warning, Steven D. Dolvin Feb 2016

Credit Default Swaps Signal Warning, Steven D. Dolvin

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Credit Default Swaps allow investors to hedge the risk of default on underlying debt, essentially acting as put options. Recently, CDS prices on the debt of banks such as Goldman Sachs and Deutsche Bank have increased in price, signaling a larger possibility of default. Many investors view CDS prices as a barometer of faith, thereby suggesting that bank stocks are poised for further declines. See article here, WSJ.

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Negative Interest Rates, Steven D. Dolvin Feb 2016

Negative Interest Rates, Steven D. Dolvin

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Sweden's central bank has followed other major countries and further reduced its interest rate -- making it even more negative. With negative interest rates, banks that store money with the central bank must pay to do so (rather than earning interest as would normally be the case). The goal is to induce banks to hold less money (thereby lending more and increasing economic activity). See article here, The Telegraph.

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