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The study suggests that the twenty years since the Czech Republic joined the European Union can be described as a successful period of economic convergence. This process has been driven mainly by fore...
近日,北京大学汇丰商学院叶韦明教授及合作者赵鹿鸣(北京大学汇丰商学院2019级财经传媒专业硕士研究生)的论文“Visualization as Infrastructure: China's Data Visualization Politics during COVID-19 and Their Implications for Public Health Emergencies(《可视化作为基...
IFAC, the International Federation of Accountants, which comprises 180 member and associate organizations and represents 3 million professional accountants globally, continues its work to support the ...
Pressure for convergence of family laws appears to be intensifying. An impetus for greater uniformity in this sphere is apparent as part of the general project of European unification. The Council of ...
With risk neutral traders and zero transactions costs, the expected value of the di erence between the current forward price and the spot price of a commodity at the delivery date of the forward con...
This paper evaluates the role of regional cluster composition in the economic performance of industries, clusters, and regions. On the one hand, diminishing returns to specialization in a location can...
This paper considers a sequence of discrete-time random walk markets with a safe and a single risky investment opportunity, and gives conditions for the existence of arbitrages or free lunches with va...
We construct explicitly a bridge process whose distribution, in its own filtration, is the same as the difference of two independent Poisson processes with the same intensity and its time 1 value sati...
The issue of price disparities in the EU commodity markets has given rise to a fair amount of empirical and theoretical research. Price convergence studies were generally on the aggregate level, and i...
We compare a set of econometric studies that measure the effect of net internal migration in neoclassical models of long-run real income convergence and derive 67 comparable effect sizes. The precisio...
International capital market convergence reduces the ability for monetary authorities to set domestic monetary conditions. Traditionally, monetary policy transmission is channelled through the short-t...
We prove limit theorems for the super-replication cost of European options in a Binomial model with friction. The examples covered aremarkets with proportional transaction costs and the illiquid mar...
The purpose of this paper is to analyze the evidence and impact of the EU integration between 1999 and 2009 on the EU regional economic growth and the socio-economic convergence. A regional convergenc...
We reformulate the traditional AS-AD growth model, with a Taylor policy rule replacing the conventional LM-curve. The essential features of the model are gradually adjusting wages and prices, perfect ...

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