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Jonathan Berk’s research is primarily theoretical in nature and covers a broad range of topics in finance including delegated money management; asset pricing (the relation between stock returns and ch...
The aim of this paper is to critically assess Austrian Business Cycle (ABC) theory. Its foundation was laid in Theory of Money and Credit (1912) by Ludwig von Mises, which F. A. Hayek elaborated in mo...
Paper deals with the analysis of investment in the business cycle. Analysis is based on available quarterly data for the Czech Republic since 1st quarter 1999 till 1st quarter 2014. It concludes that ...
Monetary models that specify explicit frictions to generate money demand have beendeveloped over the last 20 years and have been used to address many questions. Inthis paper we investigate the short-r...
Many economists have recently proposed nominal GNP targetting as a new rule for monetary p0licy.l Nominal GNP targetting is typically viewed as an alternative to money-growth targetting. It prescrib...
Although the number and importance of joint innovation projects between suppliers and their customers continue to rise, the literature has yet to resolve a key question: Do embedded ties with customer...
The article discusses the impact of an ongoing recession on banks' relationships with their customers. Many banks have reduced or eliminated credit lines and imposed tighter restrictions on loans. A s...
Walter A. Friedman (Ph. D., Columbia University) is a Research Fellow at Harvard Business School. He also serves as co-editor of Business History Review, an international quarterly. He specializes in ...
Benjamin Esty is the Roy and Elizabeth Simmons Professor of Business Administration and Head of the Finance Unit at Harvard Business School. Prior to becoming Unit Head, he was the founding faculty ch...
This paper examines the negative externalities that may occur when a large bank fails, describes the nature of those externalities, and explores whether they may be greater in a case involving a large...
Frank Cespedes is Senior Lecturer in the Entrepreneurial Management Unit. He received his B.A. from the City College of New York, M.S. from M.I.T. and Ph.D. from Cornell University.
Ramon Casadesus-Masanell joined the Harvard Business School faculty in 2000. He has taught the required MBA Strategy course, an elective course on Competing Business Models, and Ph.D. courses on Strat...
The article explores security issues surrounding Internet banking. It relates the claims of Bank of America that online banking helps protect against fraud. The security measures introduced by banks a...
The article offers advice for small businesses on selecting a bank. William Martin, chief executive officer (CEO) of Service1st Bank and a longtime Nevada banker, says key considerations include conve...
The article discusses the impact of bank mergers on small business lending and economic conditions in the U.S. According to the economists, the importance these organizations has increased due to rapi...

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