Citation: Zhengli Wang ,  Stefanos Zenios  (2021) New Venture Creation: A Drift-Variance Diffusion Control Model. Operations Research 70(5):2982-2997. https://doi.org/10.1287/opre.2021.2171 Note 1: This research review presents an analytical synthesis of the referenced paper, focusing on its core mechanisms and underlying logic. Note 2: To ensure full fidelity of mathematical notation, symbols and formatting, Sections 3–9 are displayed as images. This avoids rendering dist

Citation Clayton, Christopher, Antonio Coppola, Matteo Maggiori, and Jesse Schreger. 2025. “Geoeconomic Pressure.” NBER Working Paper  No. 34020. DOI: https://doi.org/10.3386/w34020 Research Review Overview This research review presents a structured analytical synthesis of the paper, focusing on its core mechanisms, empirical analysis, and central findings. Given the paper’s reliance on mathematical derivations and equation-driven results, the full research review has been pr

Citation Clayton, Christopher, Matteo Maggiori, and Jesse Schreger. 2025. “A Framework for Geoeconomics.” Econometrica , forthcoming. https://globalcapitalallocation.s3.us-east-2.amazonaws.com/CMS_Strategic.pdf Research Review Overview This research review presents a structured analytical synthesis of the paper, focusing on its core mechanisms, empirical analysis, and central findings. Given the paper’s reliance on mathematical derivations and equation-driven results, the ful

Introduction: The Puzzle of Safe Asset Dominance Why does the U.S. dollar continue to dominate global finance when China’s economy is nearly as large? Why has the euro held its ground despite repeated crises in the Eurozone? And why do other major economies - Brazil, South Africa, fail to graduate into the elite club of reserve currency providers, no matter how much they grow? At first glance, the answer should lie in fundamentals: GDP size, macroeconomic stability, deep capi