Due to their functionality, stored value purses based on smart card technology are prominent candidates for being the dominant medium of exchange for micropayments. However, the overall prospects of these payment systems are yet ambiguous, both from the perspective of practice and monetary theory, because their potential to substitute for cash is still largely unknown. As a contribution to the ...

Stock Liquidity and Corporate Cash Holdings: Feedback and the Cash as Ammunition Hypothesis We advance the feedback/cash as ammunition hypothesis, namely that firms hold cash to address feedback from stock prices to cash flows and growth opportunities. Firms with more liquid stocks are expected to hold more cash, the opposite of the prediction from a standard information asymmetry perspective o...

Constant pressure to increase return on assets has firms seeking ways to reduce their working capital costs. In the cash management area, firms are employing more sophisticated collection and disbursement systems. Cash management systems today efficiently speed up collections and, at the end of the day, sweep excess balances into money market accounts. Cash managers focus on finding the optimal...

Due to the harmful effects of crime on society, the majority of countries in the world have drawn up plans for preventing and reducing the crime rate, and through the various institutions (governmental and nongovernmental) they let. In Iran, various organs provide services and activities for the prevention of women's delinquency, including the Khomeini Relief Committee. The present study was de...

Marriages in traditional societies often include a transfer between the involved parties. In some societies, a transfer is made from the groom to the family of the bride (a brideprice), while in others it goes from the bride to the groom (a dowry). This paper investigates whether differences in the type of marriages that are allowed can account for these observations. I present an overlapping g...

Spending the big bucks may seem inevitable to a cash-strapped city goer. This is especially true if you're a student pressed between a heavy load of school work and a tight budget. But have no fear ? the city that never sleeps offers a plethora of opportunities to learn, explore, and enjoy without blowing all your savings. You could start by checking out NYC: The Official Guide [2]. You can als...