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We examine how the structure of the world trade network has been shaped by globalization and recessions over the last 40 years. We show that by treating the world trade network as an evolving system,...
Regulatory Reform in Response to the Global Financial Turmoil: Finding the Middle Road Between Over-reaction and Complacency
Regulatory Reform Global Financial Turmoil Over-reaction
2014/8/5
As the global financial turmoil enters its third year, consensus has emerged around specific shortcomings in the international architecture for financial sector oversight that contributed to or exacer...
IS THERE SUPPLY DISTORTION IN THE GREEN BOX? AN ACREAGE RESPONSE APPROACH
SUPPLY DISTORTION THE GREEN BOX ACREAGE RESPONSE APPROACH
2014/4/11
In the Uruguay Round of the General Agreement on Tariffs and Trade (GATT), the distortionary effects of domestic farm programs figured high on the negotiating agenda. Along with the export subsidies a...
Market response to external events and interventions in spherical minority games
Market response external events interventions spherical minority games
2010/12/17
We solve the dynamics of large spherical Minority Games (MG) in the presence of non-negligible time dependent external contributions to the overall market bid. The latter represent the actions of mar...