After the collapse of the housing bubble in 2007, severe fire sales of assets in the financial sector are accompanied by a rise in the volatility of asset returns in the non-financial firms. To account for their co-movements, I develop a model that highlights the interaction between the financial health of the banking sector and the volatility of asset returns. The novel feature of the model is...

We establish several new findings on the relation between open interest in commodity markets and asset returns. High commodity market activity, as measured by high open-interest growth, predicts high commodity returns and low bond returns. Openinterest growth is a more powerful and robust predictor of commodity returns than other known predictors such as the short rate, the yield spread, the ba...

BACKGROUND Universal health coverage is high on national health agendas of many countries at the moment. Absence of financial hardship is a key component of universal health coverage and should be monitored regularly. However, relevant household survey data, which is traditionally needed for this analysis is not frequently collected in most countries and in some countries, has not been collecte...

Abstrak Tujuan dari penelitian ini untuk meneliti pengaruh profitabilitas, likuiditas, pertumbuhan penjualan dan struktur aset terhadap modal pada perusahaan properti real estat yang terdaftar di Bursa Efek Indonesia periode 2015-2020. Metode digunakan adalah metode deskripsi verifikasi. Populasi estate 2015-2020 sebanyak 79 perusahaan. Sampel diambil 36 menggunakan rumus slovin dengan kriteria...

After more than 40 years’ opening-up and reform, China’s urbanization has entered a new type of urbanization. In order to reveal the rule different infrastructure investments relationships, this paper uses Shanghai as case by applying econometric methods study detailed relationship between indicators from 1990 2019. Firstly, we quantify that each variable long-term co-integration with test. And...

REDUCTION THROUGH POLICY CHANGES This chapter deals with various strategies to improve the asset holdings of the rural poor. In most cases, if the poor get a bigger share of asset control or benefits, efficiency and economic growth also improve. For many types of asset, reducing inequality between rural and urban areas slows down outmigration to the cities, and increases rural farm and non-farm...