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Full-Text Articles in Physical Sciences and Mathematics
Slices Of The Big Apple: A Visual Explanation And Analysis Of The New York City Budget, Joanne Ramadani
Slices Of The Big Apple: A Visual Explanation And Analysis Of The New York City Budget, Joanne Ramadani
Dissertations, Theses, and Capstone Projects
As a component of government, budgets are fundamental not only to improving the quality of a shared society, but also to understanding what our government officials consider to be their priorities. However, most budgets can be difficult to understand, using terms that are not familiar to people who have not studied finance or economics. To that end, Slices of the Big Apple is an interactive, centralized narrative website that uses visualizations at its core in order to: 1) facilitate a holistic understanding of the New York City government budget for NYC residents; and 2) conduct a five-year analysis of Community …
Liquidity Commonality With Factor Models, Ernesto Garcia Iii
Liquidity Commonality With Factor Models, Ernesto Garcia Iii
Dissertations, Theses, and Capstone Projects
Market microstructure research has recently devoted attention to a phenomenon called commonality in liquidity. In this dissertation, I will analyze commonality in liquidity using a novel factor model approach and a generalized definition of commonality in liquidity. This analysis will show that commonality in liquidity is rarely a marketwide phenomenon and is mostly restricted to stocks with a large market capitalization. Additionally, commonality in liquidity is a very recent phenomenon whose appearance coincides with a rise in passive investing after the Dotcom Bubble burst and, more so, after the 2008 Financial Crisis. I will present evidence that suggests commonality in …