Crisis Nationalism: To What Degree Is National Partiality Justifiable during a Global Pandemic?

What Is a Liquidity Crisis ?

This paper investigates the role of liquidity. It is argued that the firm holds money as a guarantee of solvency to its contractual partners. By holding liquid assets the firm is able to increase the efficiency of its contracts. Variations in the opportunity cost of holding money cause variations in the firm’s demand for money and consequent variations in the frequency of contract failures, Thi...

What proportion of hospital cost differences is justifiable?

In the Medicare Prospective Payment System (PPS), payments to hospitals for an admission are based on the national average cost per case for that diagnosis. The payments are adjusted for local labor costs, urban-rural location, treatment of a disproportionate share of Medicaid patients, amount of teaching, and outlier payments for unusually expensive or lengthy cases. Still, enormous variations...

P-value: What is and what is not

The misinterpretation and misuse of p-value have been increasing for decades. In March 2016, the American Statistical Association released a statement to warn about the use and interpretation of p-value. In this study, we provided a definition and discussion of p-value and emphasized the importance of its accurate interpretation.    

hajj and swine flu pandemic (h1n1, 2009): what is ex-pected and what should be done?

What Happened to Asian Exports During the Crisis ?

After the large exchange rate depreciations following the 1997 East Asian crisis, export volumes from East Asian countries responded with a notable lag. Two main explanations for this lag have been proposed: that the policy of high interest rates limited access to domestic credit and hence limited the supply of exports; and that “competitive depreciation” neutralized the effects on demand for e...