Related papers: Maastricht and Monetary Cooperation
In this paper we sketch some reflections on the pitfalls and inconsistencies of the research program - currently dominant among the profession - aimed at providing microfoundations to macroeconomics along a Walrasian perspective. We argue…
This paper empirically analyzes a dataset published by the European Banking Authority. Our main aim was to study how the Leverage Ratio is affected by adverse financial scenarios. This was be followed by observing how Leverage Ratio…
Currency crises are frequently discussed retrospectively as a necessary and deterministic outcome of a finite sequence of fiscal decisions, monetary manoeuvres, and limited exogenous inputs. Parallelly, the Twin Deficits Hypothesis (TDH)…
When decisions about developing standards are left to individual firms, there are many advantages including a flexible response to market evolution, accommodation to rapid technology change, and avoidance of costly coordination. However,…
This paper explores the relationships between migration and trade using a complex-network approach. We show that: (i) both weighted and binary versions of the networks of international migration and trade are strongly correlated; (ii) such…
The entropic way of formulating Heisenberg's uncertainty principle not only plays a fundamental role in applications of quantum information theory but also is essential for manifesting genuine nonclassical features of quantum systems. In…
Bitcoin has demonstrated there are many security improvements applicable to normal currency. As the human race expands and we colonize other planets, we have to consider how we are going to extend integral parts of of society, and that…
We discuss social network analysis from the perspective of economics. We organize the presentaion around the theme of externalities: the effects that one's behavior has on others' well-being. Externalities underlie the interdependencies…
In this paper, we examine matching models with imperfectly transferable utility (ITU). We provide motivating examples, discuss the theoretical foundations of ITU matching models and present methods for estimating them. We also explore…
The world of cryptocurrency is not transparent enough though it was established for innate transparent tracking of capital flows. The most contributing factor is the violation of securities laws and scam in Initial Coin Offering (ICO) which…
Machine translation (MT) technology has facilitated our daily tasks by providing accessible shortcuts for gathering, elaborating and communicating information. However, it can suffer from biases that harm users and society at large. As a…
An increasingly complex and diverse collection of Machine Learning (ML) models as well as hardware/software stacks, collectively referred to as "ML artifacts", are being proposed - leading to a diverse landscape of ML. These ML innovations…
The received wisdom is that artificial intelligence (AI) is a competition between the US and China. In this chapter, the author will examine how the European Union (EU) fits into that mix and what it can offer as a third way to govern AI.…
This paper analyses the impact of credit expansions arising from decreases in collateral requirements or more expansionary monetary policies on long-term productivity in a model with endogenous growth. Credit expansions associated with…
The practice of collaboration, and particularly international collaboration, is becoming ever more widespread in scientific research, and is likewise receiving greater interest and stimulus from policy-makers. However, the relation between…
This article is devoted to propose some lower and upper bounds for the coupled-tasks scheduling problem in presence of compatibility constraints according to classical complexity hypothesis ($\mathcal{P} \neq \mathcal{NP}$,…
We briefly review the well-known risks, weaknesses and limitations of spreadsheets and then introduce some more. We review and slightly extend our previous work on the importance and criticality of spreadsheets in the City of London,…
This paper investigates some indicators of financial development in select countries with currency board systems and raises some questions about the connection between financial development and growth in currency board systems. Most of…
Many-to-one matching markets exist in numerous different forms, such as college admissions, matching medical interns to hospitals for residencies, assigning housing to college students, and the classic firms and workers market. In all these…
A recent paper by James et al. finds that mutualistic interactions decrease the biodiversity of model ecosystems. However, this result can be reverted if we consider ecological trade-offs and choose parameters suitable for sparse…