Infographic Instant with Bryane Michael

Like with central banks, conventional wisdom has increasingly made competition authorities (commissions) independent. How does such independence look like in black letter law? Does the econometric evidence suggest that independence makes competition "better"? For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3000240

Competition law helps shape competition in a jurisdiction. "Better" laws help protect vulnerable businesses like small and medium enterprises (SMEs) - without hurting consumers. How do we measure the quality of such competition law? Who is ahead... and behind? For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3000240

SMEs provide much employment and longer-term economic growth. They also often provide the next, new idea which leads to entire industries. Which countries encourage these SMEs? How competitive are they? For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3000240

Competition often hurts SMEs more than helps them. In this presentation, we review competition laws in various countries (mostly Asia and Brunei as a concrete example). Without passing innovation legislation at the same time, competition law could well do more harm than good. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3000240

What concrete laws can a jurisdiction pass to make its financial institutions more attractive for sunrise industries looking for money? We illustrate how new laws in Hong Kong can make its financial institutions ready to fund the complex and capital-intensive industries like the solar/photovoltaic sector. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2495259

An international financial centre represents a technology, a method of generating information about new opportunities and risks. We describe the value of information in an international financial centre using China's solar industry and Hong Kong's financing of that industry as an example. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2495259

Benefits from securitisation well exceed the current offering of securitised debt and assets. An international financial centre ready to securitise a sunrise industry can fill a large void -- and earn large profits. Hong Kong's own experience has been to make casino bet instruments, rather than productive assets. Yet, it does not have to be that way. For more, see: https://papers.ssrn.com/sol3/pap...

How can an international financial centre dominate a sunrise industry's value chains? In this presentation, we show how US financial institutions disintermediated China's solar energy financing value chains -- locking out rivals in Hong Kong. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2495259

What drives the development of an international financial centre? We show how to estimate the economic impacts of a sunrise industry on a financial centre like Hong Kong. We also estimate the supply/demand for various types of securities used to fund the solar industry. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2495259

How much money will a financial centre's financial institutions book from a sunrise industry. We illustrate the market sizing exercise -- showing how to estimate demand for various types of securities from a new sector. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2495259

Want to build a world-class financial centre? Dont focus on banks. Focus on the sunrise industry that banks will lend to (finance). We review the standard approach to international financial centre development -- showing why its wrong. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2495259

Want to make a world-class financial centre? Dont focus on banks. Focus instead on creating the new industries whose money your banks will handle. This presentation reviews the way that financial centres grow -- and talks presents the law which can help foment such a financial centre. For more, see https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2495259

The first in a series of informal videos I made for my class at Columbia U in Comparative Budgeting and Public Financial Management. Focuses on the course's skills and cases. The quality isn't great -- but why not to share with those interested?

The second in a series of informal videos I made for my class at Columbia U in Comparative Budgeting and Public Financial Management. Focuses on using class skills to succeed in mid-terms and finals (ie analysing real-world, practical cases). The audio quality isn't great -- but why not to share with those interested?

The fourth in a series of informal videos I made for my class at Columbia U in Comparative Budgeting and Public Financial Management. Focuses on using data to take decisions about government budgets and financial statements. The quality isn't great -- but why not to share with those interested?

The third in a series of informal videos I made for my class at Columbia U in Comparative Budgeting and Public Financial Management. Focuses on using class skills in practical case study applications. The quality isn't great -- but why not to share with those interested?

How much extra money can Qianhai companies make -- in a world where local governments adopt the best policies possible? About 10 times more than they would otherwise.

Qianhai can become so much more than just another urban development. We show the data about designing better urban innovation incubators. And review Hong Kong's failed innovation policy. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2907608

Shenzhen does not grow the garden variety type of garage-style tech companies. How do companies, universities and government bodies come together to make start-ups? What does this suggest about Qianhai's future performance? For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2907608

Shenzhen and Hong Kong bring something different - and complementary -- to the Qianhai innovation park (urban development). We review the data - and show how Qianhai can become so much more than just a fancy place to live and work. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2907608

The data suggest that a bespoke innovation park serving Hong Kong and Shenzhen won't have much impact on company profits. Or innovation. We review the econometric studies - and Qianhai's costs. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2907608

The video presents the major sections of our larger study - and presents the main results. Qianhai -- a property development in Shenzhen -- can revolutionize innovation for Hong Kong and Guangdong, if local policymakers let it. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2907608

Qianhai is a new innovation centre -- meant to combine the powers of Hong Kong and Shenzhen. Yet, right now, its just another real estate project. How can we change local laws to make Qianhai a profit centre? How can Qianhai fix Hong Kong's currently failing innovation policies? For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2907608

Hong Kong has come a lot way in terms of strengthening its corporate governance. Yet, Mainland markets need it to do more. We show Hong Kong's corporate governance weaknesses -- and show that reform won't cost Hong Kong's offshore incorporation and company secretarial firms very much. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2914865

China's economic fundamentals indicate that now is the perfect time to reform its corporate governance. Yet, China's institutions have "locked-in" existing poor corporate governance. Only outside influence from places like the US (or Hong Kong?) can help. For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2914865