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We develop a new methodology to estimate the importance of herd behavior in financial markets: we...

This paper mines the experience of capital markets during the 19th century to propose an...

Private transfers between individuals or through organized charities are increasingly viewed as...

The paper investigates the growth effects of public capital in Portugal using annual data for the...

The paper proposes a theoretical argument on the nature of bank lending, based on the idea that,...

This paper provides a unified analysis for the onset of the 1998 financial crisis and the strong...