Banks and other depository institutions have signed more than 300 community reinvestment agreements valued at $350 billion in the two decades since the passage of the Community Reinvestment Act (CRA). This article examines the effectiveness of negotiating CRA agreements in Chicago, Cleveland, Pittsburgh, and New Jersey. After describing the agreements and the procedures by which they are enforc...

The Internet is rapidly growing in number of users, traffic volume, and topological complexity. At the same time it is increasingly driven by economic competition. These developments render it more difficult, and yet more critical, to characterize network usage and workload trends, and point to the need for a high performance monitoring system that can provide workload data to Internet users an...

We use detailed trade, tariff, and income data for countries involved in 91 trade agreements negotiated since 1980 to test for reciprocity in free trade agreements. The results offer strong evidence of reciprocity in North-North and South-South free trade agreements, but there is little empirical support for reciprocity in North-South trade agreements. In particular, after controlling for other...

In this paper we propose an endogenous growth model of commodity-rich economies in which: (i) long-run (steady-state) growth is endogenous and yet independent of commodity prices; (ii) commodity prices affect short-run growth through transitional dynamics; and (iii) the status of net commodity importer/exporter is endogenous. We argue that these predictions are consistent with historical eviden...

the software license agreements form. nowadays. a large portion of international transactions. meanwhile. the escrow agreements are usually as an important part of these contracts without which they could not be entered into. the escrow agreement is a three dimensions contract and formed by three parties jointly. which side is the offering or accepting party and whether could two parties jointl...

In this paper, we propose a commodity pricing model that extends Gibson-Schwartz two-factor model to incorporate the effect of linear relations among commodity prices, which include co-integration under certain conditions. We derive futures and call option pricing formulae, and show that unlike Duan and Pliska (2004), the linear relations among commodity prices, or the error correction term, sh...