Kiasunomics Podcasts are back with new and exciting economic insights! In conjunction with the launch of Kiasunomics 3, Professors Sumit Agarwal, Sing Tien Foo, and Ang Swee Hoon explores the fascinating world of practical economics to gain insights into how economic principles impact our daily decisions! This season of the podcasts covers topics including the effects of climate change on property prices, effects of parental bankruptcy on children, purchasing behavior when there is an online security breach, and many more!
In September 2020, a global investigation involving major dark data leakage revealed suspicious financial movements amounting to $2 trillion dollars across financial institutions and real estate industry. These leaked transactions have since become widely known as the Panama Papers.
In this podcast session, real estate Professor Sing Tien Foo interviews Professor Sumit Agarwal for a change, to zero in on Sumit’s research on financial transactions that took place in Singapore. Together, the inquisitive duo teases out surprising insights into the premiums paid for properties in these illicit transactions as compared to non-Panama linked transactions.
The real estate market has long been a prime destination for individuals seeking to launder illicit wealth. It is one of the oldest-known ways.
In this episode, citing the infamous Panama Papers that took the world by storm in 2020, Professor Ang Swee Hoon dives into the mechanics behind money laundering and offshore secrecy. Based on transactions that took place in Singapore, she shares interesting findings about the types and locations of property that were purchased. More interestingly, she reveals insights about the profiles of those involved in these transactions.
The detrimental short-term effects of haze on physical health and productivity are undisputed. But what about its long-term impact on academic performance even wages? Looking at local university admissions score data gathered during the Singapore haze crises of children that were born both during and after these episodes, Professor Sumit makes interesting observations that seem to suggest a definite impact on the cognitions of children whose mothers were exposed to haze particles.
