1. Refereed Journal // 2016

    Drivers of Suspicious Transaction Reporting Levels: Evidence from a Legal and Economic Perspective

    Suspicious transaction reporting (STR) is a cornerstone of the international Anti-Money Laundering/Combatting the Financing of Terrorism (AML/CFT) framework. The evaluation of AML/CFT regimes is challenging,…

  2. Refereed Journal // 2016

    The Total Costs of Corporate Borrowing in the Loan Market: Don't Ignore the Fees

    More than 80% of U.S. syndicated loans contain at least one fee type and contracts typically specify a menu of spreads and fee types. We test the predictions of existing theories on the main purposes of fees and…

  3. Refereed Journal // 2016

    Carbon Price and Wind Power Support in Denmark

    This paper aims at characterizing the conditions of wind power deployment in order to infer a carbon price level that would provide wind power with comparable advantage over fossil fuel technologies as effective…

  4. Refereed Journal // 2016

    Using time-stamped survey responses to measure expectations at a daily frequency

    This article addresses one of the drawbacks of survey-based measures of expectations, the fact that updates are relatively infrequent, due to the monthly or quarterly frequency of survey waves. To obtain a more…

  5. Refereed Journal // 2016

    Forecasting with Bayesian Vector Autoregressions Estimated Using Professional Forecasts

    We propose a Bayesian shrinkage approach for vector autoregressions (VARs) that uses short-term survey forecasts as an additional source of information about model parameters. In particular, we augment the…