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 …

The Effects Of Short-Term Rentals On Communities And How To Legislate Them: An Expanded Literary Review, William Cherry

Finance Undergraduate Honors Theses

A literary review of the economic and socioeconomic effects of short-term rental properties, specifically the commercialization of the industry based upon other research studies. An in-depth look at how commercialized short-term rentals effect the younger generation, hospitality industry, housing market, communities they reside in, and other externalities. A further review of different legal case studies of short-term rental legislation in major cities across the globe and their varying degrees of effectiveness.

The Effect Of Crime On Mental Health In South Africa, Magda Tsaneva, Lauren-Kate Laplante

Economics

This paper examines the impact of district-level crime rates in South Africa on individual depression symptoms. We use panel data from the National Income Dynamics Survey collected between 2008 and 2014 and estimate an individual fixed effects regression model, thus controlling for characteristics of the individual's environment that could affect crime and mental health. We find that an increase of one standard deviation in property (violent) crime is associated with a 7.2 (8.7) percentage point increase in the probability of depression symptoms. Analysis of potential mechanisms suggests that indirect exposure to crime likely affects mental health by increasing stress rather …

The Extreme Rise Of The Fast Fashion Industry From Country To Country: Does Consumer Behavior Differ Cross Culturally Regarding Fast Fashion Between The United States And European Countries?, Madison R. Feuerbacher

Apparel Merchandising and Product Development Undergraduate Honors Theses

Abstract

The apparel industry has various categories of fashion. One of these categories known more readily today as fast fashion. Fast fashion has gained immense global popularity over the past decade. The concept of fast fashion apparel involves producing vast amounts of product as quick as possible to sell to the consumer at an aggressively low price. It is important to understand this current phenomenon of the global rise of fast fashion as well as understand the devastating effects our environment is facing because of it. As the vocalization of the harmful effects of fast fashion have become more prevalent …

Allocating Vehicle Registration Permits, Massimiliano Landi, Domenico Menicucci

Research Collection School Of Economics

We compare social welfare, consumer surplus and profits in two different institutional settings in which an item whose quantity is fixed and controlled (vehicle registration permit) is allocated to the buyers of a complementary good (car). In the first setting, which resembles the way in which vehicle registration permits are allocated in Singapore, the central planner runs a uniform price auction for permits in which the consumers who bid the highest receive the permits and pay the highest losing bid. Then each winning consumer purchases a car from a seller. In the alternative setting, the central planner first allocates the …

The Big Bills Are Still There: What Stands Between Credentials And Calling?, Paul R. Koch

Scholar Week 2016 - present

In 1996, the late Mancur Olson, of the University of Maryland, wrote an article in the Journal of Economic Perspectives entitled "Big Bills Left on the Sidewalk." The title refers to an old joke among economists about whether or not market processes of voluntary exchange exhaust all possibilities for mutually beneficial trades. Olson went on to draw a distinction between marketable human capital, where the development of skills and habits normally increases money income in a direct manner, and public good human capital, where income is affected indirectly through the effect on public policies and institutions. Consistent with the traditional …

Assessing Sustainable Tourism: Insights From Four Regions In Quebec, Yasmine Benbelaid

GSTC Academic Symposium - In conjunction with the GSTC Global Conference Sweden April 23, 2024

This communication proposes to share the outcomes of a comprehensive sustainable tourism diagnosis conducted in four distinct regions of Quebec, namely Monteregie, Mauricie, Lanaudiere, and the Magdalen Islands. The study encompasses a diverse range of 45 tourism enterprises operating across various sectors within the industry. This project represents the results of my postdoctoral internship.

‘Opening The Future’ – A Reliable Funding Model For Open Access Monographs: Introducing An Innovative Approach To Publishing Oa Books Through Library Membership Funding, Kira Hopkins, Tom Grady

All Things Open

We outline the work of two university presses (Liverpool University Press and Central European University Press) who are, with assistance from Copim (Community-led Open Publication Infrastructures for Monographs), running an innovative revenue model to fund open access monographs. Called Opening the Future (OtF) this model builds on library subscription models: giving library members access to a highly-regarded backlist, with the revenue then used to make the frontlist openly accessible to all.

Given the current global library environment and budget pressures, a consortial model of funding promises a cost-effective solution for OA that means no single institution bears a disproportionate burden. …

Capitalism In Europe Vs. Latin America, Brandy Mace, Lucas E. Mainhart, Caleb Edwards, Dayton Lamb, Jesus Herrera-Herrera

ATU Research Symposium

Focusing on the years 1995 to 2023, what are the universal traits of capitalism versus the more varying or flexible traits, as demonstrated by comparing European and Latin American practices of capitalism. For the country comparisons, researchers have agreed on 3 common variables to evaluate the capitalist practices of a Latin American country with a European one. These shared variables are 1) The power of the country's currency, 2) The informal versus formal employment of the labor force, as well as unemployment rate, and 3) The income gap between the rich and poor. Each researcher will also include 1-3 additional …

Unveiling The Power Of Tourism Research: Navigating Insights From Montana For 2024 And Beyond, Melissa Weddell, Kara Grau, Matthew Pettigrew

Institute for Tourism and Recreation Research Publications

ITRR presentation from the 2024 Governor's Conference on Tourism

Proposed Charlotte To Atlanta High-Speed Passenger Rail Line: An Economic, Infrastructural, And Developmental Analysis In The Upstate Of South Carolina, Ian C. Macurda, Kimberly Whitehead

SC Upstate Research Symposium

This research paper is an in-depth analysis of the high-speed passenger rail line proposed between Charlotte, NC and Atlanta, GA and its impact on the economy, infrastructure, and future development of the Upstate of South Carolina. Currently, passenger rail service between Charlotte and Atlanta is offered on Amtrak at late hours throughout the night on its long-distance passenger rail line The Crescent from New York City, NY to New Orleans, LA. The train is often delayed and is operating at a deficit for Amtrak, like most of their long-distance routes. Traffic on Interstate 85 through the Upstate is another issue …

Evaluating The Organizational Advancement Of Diversity, Equity, And Inclusion In Extension Education, John M. Diaz, Lendel K. Narine, Cody Gusto

Journal of International Agricultural and Extension Education

In response to global trends and calls for greater inclusivity, the field of extension education has made significant strides towards embracing Diversity, Equity, and Inclusion (DEI) principles. This study explores the progress of DEI initiatives in the Cooperative Extension System (CES), which has aligned with industry groups, non-profit organizations, academia, and scientific societies worldwide. Through a multifaceted approach, CES has pursued strategies such as intercultural competence (ICC) training for professionals, diversity action plans, and culturally responsive teaching techniques. This study assessed the advancement of DEI in extension education using a survey of DEI specialists across extension organizations in the U.S. …

Hgs-3 The Influence Of A Tandem Cycling Program In The Community On Physical And Functional Health, Therapeutic Bonds, And Quality Of Life For Individuals And Care Partners Coping With Parkinson’S Disease, Leila Djerdjour, Jennifer L. Trilk

SC Upstate Research Symposium

Purpose Statement: Several studies have shown that aerobic exercise can have a positive impact on alleviating symptoms experienced by individuals with Parkinson's disease (PD). Despite this evidence, the potential benefits of exercise for both PD patients and their care partners (PD dyad) remain unexplored. This research project investigates the effectiveness, therapeutic collaborations, and physical outcomes of a virtual reality (VR) tandem cycling program specifically designed for PD dyads.

Methods: Following approval from the Prisma Health Institutional Review Board, individuals with PD were identified and screened by clinical neurologists. The pre-testing measures for PD dyads (N=9) included emotional and cognitive status …

Assessing Connectedness To Water As A Catalyst For Change: A Multidimensional Approach To Extension Education On Water Conservation, John M. Diaz, Laura Warner

Journal of International Agricultural and Extension Education

As issues of water security remain pervasive, extension educators continue to search for strategies to promote water conservation. Social marketing represents such a strategy that can be leveraged as a tool to better understand target audiences and develop strategic communication campaigns to promote practice adoption and behavior change. Research demonstrates that social marketing efforts that focus on understanding and developing personal norms and values hold promise for increasing the implementation of residential conservation behaviors. The construct of Connectedness to Nature is one strategy for developing environmentally aligned personal norms. This study leverages a similar concept, connectedness to water, to understand …

Multicultural Gerotranscendence: A Theoretical Approach To Working With Older Adults, Whitney George, Danielle Schlittler

Adultspan Journal

With the growing number of the aging population, the call for counselors to understand the developmental processes of all clients is essential. The theories of gerotranscendence and multicultural counseling and therapy are central to the understanding of adult development in later life. The use of these two theories together provides a theoretical basis for counselors wishing to provide services to diverse older adults.