Population ageing, the global economy and the G20 The 2014 G20 Summit met at a time of stuttering recovery for the world economic system, in so far as recovery relies on economic growth and trustworthy and reliable international financial institutions. During the global financial crisis (GFC) that took place between 2007 and 2010, not only did many advanced economies have to bail out those fina...

Recent studies suggest that thrombophilic abnormalities and the use of oral contraceptives (OCs) are the leading causes of cerebral vein thrombosis (CVT). The purpose of this study was to assess the association between CVT and thrombophilic states, OCs, and their interaction. For data sources, we used the MEDLINE, EMBASE, and Cochrane Library databases (January 1994 to March 2005), reference li...

In this paper, by employing the Generalized Method of Moment (GMM) techniques and Chinese provincial level data from 1991 to 2003, we empirically investigate the relationship between finance and growth in post-reform China. We find that financial development significantly promotes economic growth in coastal regions but not in inland regions; the weak finance-growth nexus in inland provinces has...

This paper analyzes an informal financial institution that brings heterogeneous agents together in groups. We analyze decentralized matching into these groups, and the equilibrium composition of participants that consequently arises. We find that participants sort remarkably well across the competing groups, and that they re-sort immediately following an unexpected exogenous regulatory change. ...

Objetivo: Esta investigación extiende los portafolios de Markowitz, Tobin, y el CAPM con procesos α-estables. Metodología: son realizados siguientes procedimientos en un portafolio índices bursátiles del G20: 1) estimados estadísticos descriptivos parámetros α-estables rendimientos, 2) es aplicada una prueba bondad ajuste para validar α-estables, 3) estimada la matriz covariación calcular las a...

This paper examines the relationship between household income shocks and child labor. In particular, we investigate the extent to which transitory income shocks lead to increases in child labor and whether household asset holdings mitigate the effects of these shocks. Using data from a household panel survey in Tanzania, we find that both relationships are significant. We investigate mechanisms...

This paper addresses how financial development affects product quality and firmlevel exports depending on the firm’s productivity. To this goal, I propose a heterogeneous firms model with endogenous quality, credit constraints and heterogeneous productivity of a firm. I show theoretically and confirm empirically that lower financial constraints result in higher-quality output and higher exports...