176 0

Blame for the 2007 to 2009 financial crisis has been pinned on everyone from greedy financiers and big banks to irresponsible home buyers. Add cutthroat local competition to the list of culprits. Local banks in competitive markets lowered their lending standards significantly before the crisis, a move associated with bad outcomes when the market turned. That’s the lead item in this week’s research roundup, which also takes a look at the perks of cheap airfare, parental work schedules, China’s competitive threat to its neighbors, and a reason why the robot takeover might start in a pub. Check out this column each week for a rundown of recent studies from around the world. RISKY BUSINESS. Ba... Full story

10 July