The financial trilemma states that financial stability, financial integration and national financial policies are incompatible. Any two of the three objectives can be combined but not all three; one has to give. This paper develops a model to underpin the financial trilemma. Our findings for financial integration suggest that the financial trilemma is in particular at work in Europe. JEL codes:...

Welcome to the course page for Business Finance for Life Scientists This content is designed provide an overview of financial statements, and basic finance principles used in financial planning and decision making. The goal of this workshop is to help prepare scientists who want to start their own labs, and inform scientists who want to go into industry. This page includes the lecture videos, c...

We examine the effect of financial openness on the development of financial systems in a panel of 35 emerging markets during the period of 1976 to 2003. A group of indicators including variables from banking sector, stock market, and national capital accounts are used as measures of financial openness and financial development. In addition, aggregate index measures are developed to incorporate ...

Two experiments explored the development of cynicism by examining how children evaluate other people who make claims consistent or inconsistent with their self-interests. In Experiment 1, kindergartners, second graders, and fourth graders heard stories with ambiguous conclusions in which characters made statements that were aligned either with or against self-interest. Older children took into ...