1,736,452 research outputs found
Growth and equity with endogenous human capital: Taiwan's economic miracle revisited
Full text linkEconomic development ; Human capital ; Taiwan
Calling: Earth #005 - Ping Wang, Coastal Geologist
No full textPing Wang, a Professor in the USF School of Geosciences specializing in coastal geology, discusses his research into the effects of seasons and storms on the sandbars and beaches of west central Florida.
More about his research can be found here:
The University of South Florida Coastal Research La
Financial matchmakers in credit markets with heterogeneous borrowers
Full text linkWhat happens when liquidity increases in credit markets and more funds are channeled from borrowers to lenders? We examine this question in a general equilibrium model where financial matchmakers help borrowers (firms) and lenders (households) search out and negotiate profitable matches and where the composition of heterogeneous borrowers adjusts to satisfy equilibrium entry conditions. We find that enhanced liquidity causes entry by all borrowers and tends to benefit low-quality borrowers disproportionately. However, liquid credit markets may or may not be associated with higher output and welfare. The result is determined by whether the effect of higher market participation outweighs that of lower average quality. The net effect depends crucially on the source of the liquidity shock (financial matching efficacy, productivity, or entry barriers).Game theory ; Financial markets ; Liquidity (Economics)
On the structure of (2+1)-dimensional commutative and noncommutative integrable equations
Full text linkWe develop the symbolic representation method to derive the hierarchies of (2+1)-dimensional integrable equations from the scalar Lax operators and to study their properties globally. The method applies to both commutative and noncommutative cases in the sense that the dependent variable takes its values in C or a noncommutative associative algebra. We prove that these hierarchies are indeed quasi-local in the commutative case as conjectured by Mikhailov and Yamilov [J. Phys. A 31, 6707 (1998)]. We propose a ring extension in the noncommutative case based on the symbolic representation. As examples, we give noncommutative versions of Kadomtsev-Petviashvili (KP), modified Kadomtsev-Petviashvili (mKP), and Boussinesq equations
The inefficiency of seigniorage from required reserves
Full text linkBank reserves ; Banks and banking - Taxation
Borrowing constraints, household debt, and racial discrimination in loan markets
Full text linkHousing - Finance ; Discrimination in mortgage loans
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