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Formation of the theoretical framework for the comparative analysis of post-socialist countries
comparative economics comparative economy model of economic systems economic system varieties of capitalism models of post-socialist countries
2016/10/14
The beginning of the 90s was accompanied by revolutionary changes in the world economy. Newly created incentives for the comparative economics/economy were tackling, inter alia, the post-socialist cou...
The Strategic Docking between China and Middle East Countries under the “Belt and Road” Framework
China and Middle East Security Coordination Economic Cooperation Cultural Exchanges
2016/3/25
The Middle East is the region bringing together the land
and maritime Silk Road, coupled with its unique geographical
location and diverse and complex humanitarian, religious and
ethnic factors,...
A Unified Framework for Human-Powered Categorization
Unified Framework Human-Powered Categorization
2016/1/22
We consider the problem of utilizing human power to categorize a large number of objects.In this problem, we are given an initial catego-ry hierarchy and a set of objects, and our goal is to find the ...
HAC estimation in a spatial framework
Heteroscedasticity and autocorrelation consistent (HAC) estimator Instrumental variable estimator Spatial models
2015/9/24
We suggest a non-parametric heteroscedasticity and autocorrelation consistent (HAC) estimator of the variance–covariance (VC) matrix for a vector of sample moments within a spatial context. Wedemonstr...
Neither economics nor political science can explain the process of modern social development. The fact that developed societies always have developed economies and developed politiessuggests that the ...
The Need to Return to a Monetary Framework
monetary policy framework reserve balances quantitative easing
2015/8/3
This paper examines the 100-fold increase in reserve
balances at the Federal Reserve during 2008. By
looking at the balance sheet of the Federal Reserve
and factors influencing the supply and deman...
Is Current Consumption Excessive? A General Framework and Some Indications for the United States
composition of consumption environmental protection human welfare natural capital natural resource conservation overall consumption sustainability
2015/7/17
Many prior studies have explored the implications of human population growth and environmentally problematictechnologies for biodiversity loss and other forms of environmental degradation. Relatively ...
This presentation draws on ideas from Professor Porter's articles and books, in particular, The Competitive Advantage of Nations (The Free Press, 1990), "Building the Microeconomic Foundations of Comp...
The Limits of Nonprofit Impact: A Contingency Framework for Measuring Social Performance
Development Economics Giving and Philanthropy Leadership Corporate Social Responsibility and Impact
2015/4/23
Leaders of organizations in the social sector are under growing pressure to demonstrate their impacts on pressing societal problems such as global poverty. We review the debates around performance and...
Extending Producer Responsibility: An Evaluation Framework for Product Take-Back Policies
Product Cost Corporate Social Responsibility and Impact Environmental Sustainability
2015/4/22
Manufacturers are increasingly being required to adhere to product take-back regulations that require them to manage their products at the end of life. Such regulations seek to internalize products' e...
New Framework for Measuring and Managing Macrofinancial Risk and Financial Stability
Financial Crisis Macroeconomics Central Banking Risk Management
2015/4/20
This paper proposes a new approach to improve the way central banks can analyze and manage the financial risks of a national economy. It is based on the modern theory and practice of contingent claims...
A Utility Framework for Bounded-Loss Market Makers
Utility Framework Bounded-Loss Market Makers
2012/9/14
We introduce a class ofutility-based market makersthat always accept orders at their risk-neutral prices. We derive necessary and sufficient conditions for such market makers to have bounded loss. We ...
Binomial Tree Model for Convertible Bond Pricing within Equity to Credit Risk Framework
Binomial Tree Model Bond Pricing Credit Risk
2012/9/14
In the present paper we fill an essential gap in the Convertible Bonds pricing world by deriving a Binary Tree based model for valuation subject to credit risk. This model belongs to the framework kno...
Forecasting Value-at-Risk with Time-Varying Variance, Skewness and Kurtosis in an Exponential Weighted Moving Average Framework
exponential weighted moving average time -varying higher moments Cornish-Fisher expansion Gram -Charlier density risk management Value-at -Risk
2012/9/14
This paper provides an insight to the time-varying dynamics of the shape of the distribution of financial return series by proposing an exponential weighted moving average model that joint...
Conceptual Framework of Low Carbon Strategy for Nepal
Green House Gas Mitigation Energy Mix
2013/2/25
This paper presents proposed methodologies for carbon mitigation strategy and expected frame for low carbon strategy for Nepal. It deals with the national scenario of energy consumption in different s...