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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...
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 ...
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 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...
Convergence of Heston to SVI     Convergence of Heston  SVI       2010/10/18
In this short note, we prove by an appropriate change of variables that the SVI implied volatility parameterization presented in Gatheral's book and the large-time asymptotic of the Heston implied vo...
In this paper we study simulation based optimization algorithms for solving discrete time optimal stopping problems. This type of algorithms became popular among practioneers working in the area of qu...
The paper argues that an economy’s industry/technology structure is endogenously determined by the economy’s endowment structure. For the convergence to occur, the government of an LDC should target t...
We address the problem of how to investigate whether economics, or politics, or both, matter in the explanation of public policy. We first pose the problem in a particular context by uncovering a pol...
The convergence in household consumption expenditure contributes to the aims defined in the Treaty of the European Union. Consumption expenditure convergence also restricts the impacts of asymmetric s...

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