Broken cities: Inside the global housing crisis

Give me shelter: the global housing crisis.

In both developed and developing countries around the world, the health of significant numbers of people is adversely affected by a lack of adequate housing. Large-scale migrations into already crowded developing nation cities compound existing health problems associated with poor indoor air quality, contaminated drinking water, and limited sanitation infrastructure. In the developed world, lea...

Bank Ceos , inside Debt Compensation , and the Global Financial Crisis

Bank executives’ compensation has been widely identified as a culprit in the Global Financial Crisis, and reform of banker pay is high on the public policy agenda. While Congress targeted its reforms primarily at bankers’ equity-based pay incentives, empirical research fails to show any correlation between bank CEO equity incentives and bank performance in the Financial Crisis. We offer an alte...

A global inversion-symmetry-broken phase inside the pseudogap region of YBa2Cu3Oy

Crisis Transmission: Global Financial Crisis

The aim of this paper is to explore, empirically, the channels of crisis transmission with regard to the Global financial crisis. EMP-based crisis proxy is used for eight countries, which include Argentina, Brazil, Canada, Indonesia, Japan, Korea, Mexico and Russia. The period considered for estimation was Q1 2001 Q2 2010. Based on the Vector AutoRegression (VAR) and Ordinary Least Squares (OLS...

Immigration and Housing Rents in American Cities

Immigration and Housing Rents in American Cities Is there a local economic impact of immigration? Immigration pushes up rents and housing values in US destination cities. The positive association of rent growth and immigrant inflows is pervasive in time series for all metropolitan areas. I use instrumental variables based on a “shift-share” of national levels of immigration into metropolitan ar...