Economics Commons^™

Cross-Exchange Crypto Risk: A High-Frequency Dynamic Network Perspective, Yifu Wang, Wanbo Lu, Min-Bin Liu, Rui Ren, Wolfgang Karl Hardle

Sim Kee Boon Institute for Financial Economics

Cross-exchange crypto trading presents inherent risks, particularly for centralized exchanges. Investors observe exacerbating crypto volatility and counterparty risk and would like to quantify these elements of crypto trades. The multiple exchanges require a multivariate view on the structures of risk spillover across exchanges. Here, a Multivariate Heterogeneous AutoRegression (MHAR) model is designed and analyzed, accommodating the stylized facts of crypto markets, including 24/7 trading and the long-memory effect on return variations. The proposed MHAR approach clearly reveals the intensity of interconnectedness among exchanges during extreme events, e.g., the Bitcoin market. Additionally, one observes extremely volatile eigenvector centralities of Futures Exchange …

Bubbly Booms And Welfare, Feng Dong, Yang Jiao, Haoning Sun

Research Collection School Of Economics

We show the competing effects of a housing bubble on the real economy by developing a multi-sector dynamic model with housing production. On the one hand, firms can sell or collateralize their housing, so a housing bubble helps firms obtain credit to finance their investment and expand production. On the other hand, a boom in the housing sector crowds out labor in the non-housing sector. We show that housing booms can reduce social welfare both in the steady state and in the transitional dynamics only when the production externalities in the non-housing sector are sufficiently large. We quantitatively evaluate our …

Can Corporate Sustainability Performance (Csp) Overcome Indonesia's Corporate Debt Problems?, Johnson Ferry Febrian, Nora Sri Hendriyeni

Jurnal Akuntansi dan Keuangan Indonesia

Based on IMF publications (2022), Indonesian companies have a risky debt level that may cause bankruptcy, so companies are required to make leverage adjustments to return the debt to its optimal level. In recent years, corporate sustainability performance (CSP) practices have been proven to improve performance and overcome financial problems such as debt by integrating sustainability aspects into business processes. Based on stakeholder theory and trade-off theory, this study aims to examine the effect of CSP on leverage adjustment and the role of competitive advantage, equity mispricing, profitability, and firm size in moderating this relationship. This study used a sample …

The Effect Of Fiscal And Monetary Policy On Public Debt In Egypt, Malak Mohamed

Theses and Dissertations

The thesis aims to examine the effect of monetary policies and fiscal policies on public debt in Egypt during the period from 2006 until 2021. Egypt is witnessing aggravated levels of debt, with limited fiscal and monetary space. Therefore, the objective of the paper is to analyze the effect of discount rates, inflation rates, subsidies, taxes and economic growth on debt-to-GDP in Egypt using a VAR model with an extended test of Impulse Response Function. The results suggest that a positive shock in government expenditures initially decreases public debt but leads to a fluctuating increase in the debt-to-GDP ratio in …

Policy Frameworks And Citizens’ Use Of Fintech Solutions: The Pros And Cons In Egypt, Salma Al-Mohamady

Theses and Dissertations

This thesis provides a comprehensive analysis of the significant influence of financial technology (FinTech) on the banking industry, consumer finance, and economic growth. It specifically concentrates on the swiftly changing FinTech environment in Egypt. The study investigates the impact of incorporating advanced technologies on worldwide financial practices, which has significantly transformed traditional banking models and facilitated the emergence of inventive financial services. The transition is clearly apparent in Egypt, where the expansion of FinTech has been driven by advances in regulations, adaptation to technology, and a population that is becoming more comfortable with digital solutions.

Using a combination of quantitative …

Unraveling The Nexus: Social Spending, Development, And Breaking The Cycle Of Poverty, Yasmin Shehata

Theses and Dissertations

This study examines the role of development, as indicated by the Human Development Index (HDI), in shaping the connection between social public spending on health, education, and social protection and poverty in terms of the poverty headcount ratio at $3.65/day (2017 PPP). Empirical analysis is used to this end, employing a panel dataset of 68 countries at varied stages of development over the period 1995-2021. The empirical model is estimated using the Fixed Effects Two-stage Least Squares (2SLS). It is also re-estimated using the Instrumental Variable Generalized Method of Moments (IV-GMM) and Limited Information Maximum Likelihood (LIML) to test the …

Tax Preferences: A Numerical Exercise, Isaac Babatunde Olatunji

Major Papers

Tax preference focuses on individuals' perception and choice regarding specific tax policies or structure. It examines the extent to which individuals favor certain tax provisions, rates, or exemptions over others. Scholars and researchers have extensively examined tax preference from various perspectives. I performed a numerical exercise on one agent model and two agent model where agents have preferences over consumption, labor supply and tax preferences (dislike of the labor income tax). Under the one agent model there exist one household utility maximization problem and under the two agent model there exist two households with low productive ability and high productive …

A Gender-Based Ufc Demand Analysis, Nolen Michael

Economics Student Theses and Capstone Projects

The Ultimate Fighting Championship (UFC) has grown rapidly since its inception in the early 1990s. An important aspect of understanding the explosion of Mixed Martial Arts into mainstream appeal is the relationship between consumer demand and specific attributes of the sport. The UFC first began featuring female events in 2013. A robust division of women’s UFC fighters has developed in the years since. In this study I will be using econometric methods to evaluate the degree to which specific gender related variables influence consumer demand for the UFC. The Pay-Per-View format of UFC events is of critical importance because it …

The Accuracy Of Expected Goals In The Premier League, Max Mian

Economics Student Theses and Capstone Projects

Expected Goals are an analytical tool used in soccer which have picked up a lot of value in recent years. They are used to asses teams' quality to create goal scoring opportunities and converting them. Expected goals are commonly used at the end of games to give further insight on who deserved to win based off their goal scoring chances that they had or gave up. In this thesis I am researching the accuracy of expected goals predicting teams finishing position in the Premier League 2014-15 season. This thesis will show of expected goals and expected goals against in a …

An Analysis Of Nfl Betting Strategies: A Look Into High Value Bets, Brady Trenchard

Economics Student Theses and Capstone Projects

This paper uses data from NFL games throughout the 2013-2019 seasons and analyzes the profitability of several correlated parlays and straight bets. Independent variables such as temperature, wind, prime time, and divisional game status were incorporated. Using OLS regression analysis, several strategies are presented that would have been profitable throughout the sample period. Results suggested that wagers on the under in divisional games with high wind were profitable. Furthermore, it was profitable to wager on a home favorite and over parlay in prime time and non-divisional games. Results also indicated it was profitable to wager on a home underdog and …

The Impact Of Abortion Shield Laws On Abortion Access In The United States, Julian Wise

Economics Student Theses and Capstone Projects

Dobbs v. Jackson Women’s Health Organization (2022) ruled that abortion access is no longer constitutionally protected resulting in each state deciding who has access to an abortion. This thesis examines if laws that restrict abortion access are effective because one can travel from a state that bans abortion to a state that allows abortion to obtain an abortion procedure. Specifically, this paper investigates the relationship between the increase in travel cost to an abortion clinic located in state with enhanced legal protections—known as abortion shield laws—and U.S. Census variables. Using Gary Becker’s legal analysis model, an abortion seeker will always …

How Does A Player's Involvement In Their National Team Given Their Ethnicity Affect Their Market Valuation In The Top-Five Leagues?, Kamal Ibrahim

Economics Student Theses and Capstone Projects

ABSTRACT

This paper investigates player involvement in national team and how it effects their market valuation as it relates to ethnicity. Previous research has evaluated other factors that affect player market valuation such as age and position. However, this paper seeks to see if there are discriminatory effects on player market pricing based on a player’s ethnic origins. The three ethnic regions of focus for this paper are South America, African, and Europe. The focus of this paper is to determine whether European players are favored in relation to the other two regions of the world. Regression models consider player …

Navigating Generosity: A Comparative Analysis Of Charitable Donations Around The Great Recession Of 2008, Micah Blomberg

Economics Student Theses and Capstone Projects

This paper studies donations to non-profit organizations in the US and how they reacted to The Great Recession of 2008. I find statistically significant drop-offs in multiple donative subcategories, including religion, education, human services, public society benefits, and arts, culture, and humanities, making up over 50% of total donations. Donation levels after the 2008 crash tend to be slightly downward sticky, meaning the rate of increase is larger after the treatment effect. These increased rates of return allow for market correction post-recession but still reveal a deadweight loss when comparing trends in OLS betas before and after the recession, meaning …

A Study Of The Impact Of Social Trust On Economic Growth And Defining A Potential Threshold For ‘High Trust’ In Economic Research, Isaac Carey

Economics Student Theses and Capstone Projects

This paper seeks to 1. evaluate findings from previous literature that demonstrated evidence of social trust having a positive relationship with economic growth in the form of Gross Domestic Product per capita (GDPpc) and 2. evaluate potential trust levels that can be used as a threshold for considering a country ‘high-trusting’ when conducting economic research. The study gathered data to measure social trust levels from World Values Survey where respondents answered yest to the question “most people can be trusted”. Then the study evaluated the relationship between trust and GDPpc with control variables including technology, education, labor, investment, and external …

Profit Shares And Cost-Push Inflation: Examining The Distributional Nature Of U.S. Inflation And The Effectiveness Of Monetary Policy, Devin Herbinger

Economics Student Theses and Capstone Projects

The sharp increase in post-pandemic inflation coincided with a profit explosion characterized by a growing share of profit in output. This paper argues that the record profit share in the nonfinancial corporate sector entails a redistribution of income against real wages due to the current institutional and structural conditions of the U.S. economy. Using profit share as a proxy for markups, the results of this paper highlight the macroeconomic implications of excessive profitability in the face of a global exogenous shock. Chiefly, rising profit share correlates with accelerating CPI inflation from 2021-22. Moreover, this surge in profit share occurred when …

Limitations Of Law Enforcement Involvement In Harm Reduction: A Multivariate Analysis Of State-Level Policies And Overdose Deaths, Marilyn L. Brach

Senior Theses and Projects

Research Question: How do state-level policies authorizing law enforcement to carry and administer Narcan while on duty shape overdose mortality?

Methods: State-level policies Narcan administration policies were examined and categorized. A cross-sectional regression analysis was performed to evaluate the factors influencing state variation in drug overdose deaths. Following bivariate analysis, a panel regression analysis was then executed to precisely estimate the relationship between state-level law enforcement Narcan administration policies and drug overdose deaths.

Results: The cross-sectional analysis provided findings that were largely consistent with the current literature. A higher proportion of non-Hispanic white individuals and a higher proportion of individuals …

Income Differences Among Nations: Measuring The Effects Of Human Capital On Total Factor Productivity (Tfp), Ashley Tarrolly

CSB and SJU Distinguished Thesis

In the past two centuries, long-term economic growth has been defined by The Great Divergence, where the gap of income distribution has widened as a result of some nations experiencing modern economic growth while others have remained stagnant in their economic well-being. This panel data research examines differences in income across countries by applying development accounting to analyze differences in per capita gross domestic product (GDP) and predict each country’s total factor productivity (TFP). Data from the Penn World Tables were collected and categorized into groups based on GDP per capita to create a sample of 144 countries in 10-year …

Beer, Bourbon, And Bertrand: An Experimental Economics Analysis, Noah Cameron Dixon

Honors Thesis

The purpose of this paper is to determine the effect that binge drinking has on economic performance in a standard Bertrand-style game. Results indicate that binge drinking, when paired with poor protective behavioral strategies, increases cooperative pricing in a Bertrand-style game, with this result persisting across various contextual frameworks. In the aggregate, this study contributes to the literature by being the first of its kind to evaluate the effect of observational binge-drinking meta scores on performance in a Bertrand-style game. To measure economic performance in the market, participants play the 2/3 average game and a standard Bertrand game with zero …

Automobile Resources: Car Culture Through Teacher In-Service, Ronald V. Morris, Denise Shockley

The Councilor: A National Journal of the Social Studies

Teachers learned about the automobile industry and car culture in a half day professional development meeting. Teachers had a guest content expert, teachers who constructed materials presented their materials. The website parts including primary sources, lesson plans, podcasts, virtual field trip, readings, videos, and interactive maps were reviewed. Lesson plans supported the C3 framework and the materials examined controversial issues in the auto industry. Teachers examined the website where the materials where housed and examined resources for classroom use. Teachers learned more about the automobile industry, car culture, and historic preservation.

Teaching The New Deal: 1932-1941 – Review And Analysis, Susan M. Foster, Brian Walker Johnson

The Councilor: A National Journal of the Social Studies

Teaching the New Deal: 1932-1941 is a text of crucial and timely importance for students and teachers of middle and high school social studies. Through the lenses of four major themes, authors demonstrate inquiry-based pedagogy to intentionally provoke students to consider non-binary conclusions that closely examine the purported heroes, villains, and martyrs of traditional historical narratives. Rather than presenting a factual or ideological approach to teaching disciplinary standards, this text depicts the New Deal Era as a period in history that can be used to critically and creatively discuss the politics of personal identity and to explore the legacies of …