In 1790, a U.S. paper dollar was widely held in disrepute (something shoddy was not 'worth a Continental'). By 1879, a U.S. paper dollar had become 'as good as gold.' These outcomes emerged from how the U.S. federal ...

Commission scholars have been skeptical about the reasons governments give for their appointment but have generally accepted that their relationship with government is kept armslength during their inquiry. An analytical ...

The ratcheting up of immigration enforcement has resulted in a number of unintended consequences featured in the news, such as family separations. We focus on, yet, another potentially unintended consequence -namely the ...

This paper empirically examines the causal relation between financial development and economic growth in the case of Jordan for the period 1965 to 2004. That is, the paper attempts to provide answers to the following ...

This article investigates whether the recent financial crisis has had any adverse impact on bank competition for 24 emerging and 25 advanced countries with large and small-size banks over the sample period 2001-2010. The ...

This paper studies the sociological influence of religion on the risk and return in the financial markets with particular context of Islamic finance, a rapidly emerging and expanding financial industry. The paper builds a ...

Prior studies find that firms announcing the appointment of a new chief information officer (CIO) are rewarded by stock price increases, suggesting that the market expects new CIOs to add long-term value to the firm. In ...

We introduce a game in which each player can allocate her endowment in a prize-linked savings (PLS) account, which awards a fixed prize only to a randomly chosen winner. Like Tullock's rent-seeking contest, the probability ...

While the distribution of pay across the hierarchy of corporations has received considerable critical attention, the distribution of pay within top management groups has received comparatively little. This paper contributes ...