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Theoretical Economics Letters (TEL) is an openly accessible journal published bimonthly. The goal of this journal is to provide a platform for scientists and academicians all over the world to promote, share, and discuss various new issues and developments in different areas of theoretical economics. All manuscripts m…
Mengting Li, Chen Zhu
This paper introduces open financial intermediaries into a multi-sector dynamic stochastic general equilibrium (DSGE) model of a small open economy, and studies the path and mechanism of the transmission of occasional shocks from one sector to other sectors,…
Anqi Huang, Dawei Tan
Recently, in the realm of finance, developments of FinTech are being focused on. Numerous types of FinTech are deeply changing the financial ecology and rebuilding financial patterns by driving innovations of the traditional bank industry. The statement “No t…
Rongyu Wang, 1 1
I study the strategic interaction between US and China in the international monetary system and international price system from the Western perspective. Their behavior differs due to the different structures of their devaluation costs. The structure of devalu…
Thomas Poufinas, James Ming Chen, Charalampos Agiropoulos, George Galanos
This study explores factors influencing pension fund adequacy and sustainability across 21 EU countries from 2007-2018, with a specific focus on the role of migration. Results from Bayesian and regularized linear models reveal no significant evidence that mig…
Joseph Yaw Abodakpi, Gorm Jacobson, Konrad Stelmach, 1 1
Capital flows exert an exogenous impact on economies, however, there exists some level of ambiguity regarding these impacts in emerging economies. On the contrary, emerging economies often provide safe havens for surges in capital inflows in different forms o…
Xiaofei Wang, Zhenzhong Guan, Jianbiao Ren
To expand their market share, enter the market faster, and gain more sales opportunities, alternative manufacturers often choose to form alliances with incumbent supply chain companies. This paper considers a supply chain game structure composed of one incumb…
Cheuk Yin Jeffrey Mo, Steve Y. Yang, Xingjia Zhang
This paper investigates how counterparty risk and precautionary liquidity concerns can lead to dry-up of liquidity in the interbank market with adaptive bank agents sharing common objectives of collecting as much interest payment while minimizing the insolven…
Issam Tlemsani, Robin Matthews, Mohamed Ashmel Mohamed Hashim, Mushtaq Hussain Khan, Osama El-Temtamy
Purpose: This paper develops the notion of building a brand-new theory of organisational structure using internal capabilities and emphasizes the process of how those capabilities (synergies) are recognized, built, and prioritized. Exchangeable payoffs genera…
Cristiane Benetti, Sophie Zimmermann, Renato Guimaraes, Joshua Onome Imoniana, Luciane Reginato
The COVID-19 health crisis has caused a collapse in global economic activity, which is unprecedented since the Great Depression of the 1930s. In the same line of thought, the world economy will be durably marked. We wonder about the mutations it will undergo…
Karl Farmer
It is the aim of this paper to model involuntary unemployment in a perfectly competitive stock market overlapping generations model with firm-specific capital and affine equity-price expectations. In contrast to New-Keynesian macro-models, unemployment is not…
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Theoretical Economics Letters (TEL) is an openly accessible journal published bimonthly. The goal of this journal is to provide a platform for scientists and academicians all over the world to promote, share, and discuss various new issues and developments in different areas of theoretical economics. All manuscripts m… All articles are open access under a CC BY 4.0 licence, with authors retaining copyright.
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