Matching Items (24)

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Chinese Finance: Policy and Institutions

Description

This paper intends to examine topics related to Chinese financial policy and
institutions mainly in the early 21st century. China has gone through enormous changes in the late 20th

This paper intends to examine topics related to Chinese financial policy and
institutions mainly in the early 21st century. China has gone through enormous changes in the late 20th century and early 21st century, and financial policy reforms and adjustments have been at times instrumental to aiding that growth, and at other times have served as impediments to the country’s success. As China’s clout has grown both economically and politically in the wider world, it has become evermore important to understand the Chinese financial system, particularly as other authoritarian regimes may seek to emulate it in the perhaps recent future. The paper will examine the institutional elements of Chinese finance, including the broader structure of the party state apparatus and the role of legislative and executive authorities in determining financial policy. Next, the paper will go through both the legal-regulatory environment of the country and the structure of the preeminent Chinese banks. Finally, issues in Chinese monetary policy, particularly exchange rate system reforms, and the developing stock and bond markets will be addressed.

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Created

Date Created
  • 2019-05

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The Economic Effectiveness of Sanctions Imposed by the US and UN

Description

This study attempts to reconcile the gap in literature between the abundant research in the social consequences of sanctions but a consistent lack of information regarding its economic effectiveness. I

This study attempts to reconcile the gap in literature between the abundant research in the social consequences of sanctions but a consistent lack of information regarding its economic effectiveness. I apply a modified neoclassical growth model to analyze the extent that sanctions imposed by the US and UN impact real per capita GDP growth rate. Using the original data, I modify the model employed in the Neuenkirch and Neumeier (2015) study by replacing a fixed effect model with time trends. The results are more aligned with previous economic research on sanctions where sanctions imposed by the US have a moderate but significant 1.5 percent decline effect on GDP growth rate. On the other hand, sanctions imposed by the UN are similarly negative, imposing about a .9 percent decline in GDP growth, however are not statistically significant. While I cannot reject the conclusion by the original authors, I feel that this model provides a more fitting analysis of the impact sanctions impose on GDP growth.

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Created

Date Created
  • 2019-05

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Economic Causes & Long-Term Effects of Great Britain's "Brexit" from the European Union

Description

Over the course of the next two years, the United Kingdom and the European Union will be participating in Brexit negotiations over the United Kingdom's withdrawal from the European Union.

Over the course of the next two years, the United Kingdom and the European Union will be participating in Brexit negotiations over the United Kingdom's withdrawal from the European Union. This paper discusses in-depth the expected economic effects of Brexit. To satisfy the desires of those who voted to leave the European Union, the United Kingdom will leave the European Single Market, creating barriers to trade. In exchange, the long-term effects for the United Kingdom and the European Union are expected to be negative. Despite this, it appears that negative effects on British direct foreign investment have been overstated and the European Union may be able to benefit from a well-handled relocation of financial services inside the European Union. The paper also makes a few suggestions regarding Brexit negotiations, advising the United Kingdom to make concessions to European Union in areas such as contributions to the European Union budget for increased goodwill and greater access to European markets.

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Created

Date Created
  • 2017-05

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Wage Discrimination and the Legal Arizona Workers' Act: An Empirical Analysis

Description

The passage of 2007's Legal Arizona Workers Act, which required all new hires to be tested for legal employment status through the federal E-Verify database, drastically changed the employment prospects

The passage of 2007's Legal Arizona Workers Act, which required all new hires to be tested for legal employment status through the federal E-Verify database, drastically changed the employment prospects for undocumented workers in the state. Using data from the 2007-2010 American Community Survey, this paper seeks to identify the impact of this law on the labor force in Arizona, specifically regarding undocumented workers and less educated native workers. Overall, the data shows that the wage bias against undocumented immigrants doubled in the four years studied, and the wages of native workers without a high school degree saw a temporary, positive increase compared to comparable workers in other states. The law did not have an effect on the wages of native workers with a high school degree.

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Created

Date Created
  • 2018-05

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REASSESSING POTENTIAL COST-SAVINGS FROM LEGALIZING PHYSICIAN-ASSISTED SUICIDE

Description

The purpose of this thesis was to estimate the potential health care cost savings from legalizing a physician assisted suicide (PAS) policy on both a national and individual scale. Given

The purpose of this thesis was to estimate the potential health care cost savings from legalizing a physician assisted suicide (PAS) policy on both a national and individual scale. Given the evolving legal context of PAS paired with the rapidly rising health care costs and aging population in the United States, we hypothesized that implementing a PAS policy on a federal scale would significantly lower healthcare costs. We conducted our analysis using 2 methods: one based on data from the Netherlands and one based on data from Oregon. Overall, we found that while cost savings on a national level are not significant enough to solely justify legalization of PAS, there is a compelling case that legalization of PAS would be a compassionate policy that significantly relieves the financial burden on individuals and their families.

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Created

Date Created
  • 2015-12

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The Economics of Sovereign Debt Sustainability: Assessing the IMF's Market Access Country Debt Sustainability Framework Against the Greek Crisis

Description

The following paper consists of a review of sovereign debt sustainability economics and IMF debt sustainability frameworks, as well as a historical case study of Greece and a variable suggestion

The following paper consists of a review of sovereign debt sustainability economics and IMF debt sustainability frameworks, as well as a historical case study of Greece and a variable suggestion for the IMF to improve baseline assumptions. The purpose of this paper is to review the current methodology of perceiving debt and improve upon it in the face of an increasingly indebted global economy. Thus, this paper suggests the IMF adopt the variable calculated in Reinhart and Rogoff (2009) as a new benchmark for determining debt sustainability of market access countries. Through an exploration of the most recent Greek crisis, as well as modern Greek financial and political history, the author of this paper contends the IMF should reduce the broadness of the MAC DSA, as it will make for better debt sustainability projections and assumptions in implementing debt program policy.

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Created

Date Created
  • 2016-05

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A Market For Television and Internet Content

Description

We develop a unique model for household preferences in a three good market of television content (cable), internet content (Netflix), and income spent on any other good or activity. Utility

We develop a unique model for household preferences in a three good market of television content (cable), internet content (Netflix), and income spent on any other good or activity. Utility is a function of the time spent viewing television content, time spent viewing internet content, and income spent otherwise. Preferences are determined by the complementarity (or substitutability) of television and internet content, the complementarity of viewing content and spending income otherwise, and individual preference for income. Consumers maximize utility subject to time of viewership and budget constraints. We analyze the comparative statics of the model by varying the complementarity between television and internet content and the complementarity between viewing content and spending income otherwise. We develop a model of firms, in which there are two firms offering one product each who compete on price. They charge a flat-fee for their product (either television or internet content) and have a fixed cost. Their revenue is determined by the number of consumers who choose to purchase their product multiplied by the price they charge. We find a collusive outcome for the firms. We analyze the Nash Equilibrium of the model. We only found symmetric Mixed Action Nash Equilibria (MANE), with the following interesting feature: Bertrand Competition causes firms to choose low prices very often, but firms price significantly higher should the price drop too low. Thus, the MANE places high probability mass on the lowest and highest prices of each firm but has little mass elsewhere.

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Created

Date Created
  • 2016-05

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Origins, Economics, and Significance of Trade Imbalances in a Modern, Globalized World

Description

Government and news outlets everywhere preach that trade is hurting their domestic economy. However, trade is supposed to be beneficial to all theoretically. So where is the disconnect? This thesis

Government and news outlets everywhere preach that trade is hurting their domestic economy. However, trade is supposed to be beneficial to all theoretically. So where is the disconnect? This thesis was created to gather understanding about trade in the real world and how it can be accurately portrayed. First, I looked at the basics of bilateral and multilateral trade to show that trade imbalances will always exist and show that this idea that countries have that trade surpluses are best is incorrect. Second, I compared the accuracies of the two measures of trade that exist: balance of trade and current account measures. I conducted this research to show that the common measure of trade (balance of trade) is inaccurate and the stronger, more accurate measure is the current account measure. After coming to this conclusion, I began to see what factors in countries affect their current account balance. I looked at five categories: demographics, investment climate, level of economic development, existence of a technology boom, and current trade policy, and looked at theoretical explanations for how each one affects the current account. In the end, I was able to create a theory based on these five factors to predict the current account balance in any country and describe its trade health. In conclusion, I found that the issue of trade misconceptions lies in which measurement someone uses, and this simple misunderstanding can lead to things such as trade wars and global economic degradation.

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Agent

Created

Date Created
  • 2018-05

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Is Blockchain A Disruptive Technology In Africa?

Description

Blockchain technology is becoming the new platform for the future of money as a means of payment. It was originally developed to support the cryptocurrency (bitcoin) functionality and improve the

Blockchain technology is becoming the new platform for the future of money as a means of payment. It was originally developed to support the cryptocurrency (bitcoin) functionality and improve the way of doing business. However, with its versatility, it has evolved into a multifunctional innovation that can be being applied in different non-business sectors that have a great impact on the economy. I will review some aspects of the economy that are likely to be impacted like the role of a centralized monetary system, need for regulation in business and role of business innovation in the economy. Moreover, I will investigate its impact in emerging markets because unlike the developed economies, emerging markets have greater potential to expand as they still have increasing returns to scale and rapidly growing. Some of the ways that this occurs include cost reduction in financial market and cross-border payments, faster international remittances, and curbing problems like corruption. The paper concludes that there are no much prospects on the expectations of the technology in the African economy because of the challenges in adopting it like scalability, conservativeness of the society to incubate new technology, and lack of infrastructure to support the new technology.

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Agent

Created

Date Created
  • 2018-05

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An Analysis of Esports Economics

Description

The esports scene has been constantly evolving ever since its inception in the early
1970s, growing from small arcade based tournaments to the multibillion dollar industry that can

The esports scene has been constantly evolving ever since its inception in the early
1970s, growing from small arcade based tournaments to the multibillion dollar industry that can
be observed today (Bountie Gaming, 2018). In fact, the term esports was not widely used until
the early 2000s, decades after the first gaming tournaments had taken place. Decades prior, the earliest large-scale gaming tournament was hosted by Atari in 1980 for the game ​Space Invaders ​ . While still primitive by today’s standards, games such as ​Space Invaders ​ inspired fierce competition and effectively laid the foundation for what would grow into the booming industry
that we see today (Edwards, 2013).

Contributors

Agent

Created

Date Created
  • 2020-05