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Hong Kong's Securities And Futures Commission Signs MoU With FINRA To Enhance...
The Securities and Futures Commission (SFC) has entered into a memorandum of understanding (MoU) with the Financial Industry Regulatory Authority of the United States (FINRA) concerning mutual...
View ArticleBorsa Ä°stanbul Announces The Constituent Changes To The BIST SME...
All changes will be applied after the close of business on Tuesday, May 31, 2016 and will be effective on Wednesday, June 1, 2016.read more...
View ArticleDTCC: ICBC To Issue First Renminbi Certificate Of Deposit To Settle In U.S. -...
Industrial and Commercial Bank of China (ICBC) has taken the first steps to enable institutions to issue and clear financial products denominated in Chinese Renminbi (RMB) in the U.S.read more...
View ArticleChanges To The Board Of Directors At SIX
The general meeting of shareholders of SIX has elected Dr Shannon Thyme Klinger, Dr Jürg Bühlmann and Stefan Helfenstein as new members of the Board of Directors. They are replacing Dr Barbara Kessler,...
View ArticleThai Alternative Bourse's Firms Post THB 31.04 Bln Sales In Q1/2016
Companies listed on Market for Alternative Investment (mai) reported a total sales of THB 31.04 billion (approx. USD 876.72 million) which remained stable compared to the same period last year, while...
View ArticleCBOE Holdings Takes Equity Stake In Eris Exchange Holdings And Companies...
CBOE Holdings, Inc. (NASDAQ: CBOE) and Eris Exchange, LLC (Eris) announced today that CBOE Holdings has made a minority equity investment in its parent, Eris Exchange Holdings, LLC. Eris is a...
View ArticleIPC Significantly Expands Portfolio Of Comprehensive Compliance Solutions For...
IPC Systems, Inc. (IPC), a leading provider of global communications solutions and software for the financial services community, unveiled a significantly expanded portfolio of comprehensive compliance...
View ArticleAdoption with Social Learning and Network Externalities -- by Marcel...
Using a large administrate dataset covering the universe of phone calls and airtime transfers in a country over a four year period, we examine the pattern of adoption of airtime transfers over time. We...
View ArticleEnergy Prices, Pass-Through, and Incidence in U.S. Manufacturing -- by Sharat...
This paper studies how increases in energy input costs for production are split between consumers and producers via changes in product prices (i.e., pass-through). We show that in markets characterized...
View ArticleInterpreting Recent Quasi-Experimental Evidence on the Effects of...
We critically review recent methodological and empirical contributions aiming to provide a comprehensive assessment of the effects of unemployment benefit extensions on the labor market and attempt to...
View ArticleAllocative and Remitted Wages: New Facts and Challenges for Keynesian Models...
Modern monetary business-cycle models rely heavily on price and wage rigidity. While there is substantial evidence that prices do not adjust frequently, there is much less evidence on whether wage...
View ArticleDo Field Experiments on Labor and Housing Markets Overstate Discrimination?...
There have been over 60 field experiments on discrimination in labor and housing markets conducted since 2000, in 16 countries. These studies nearly always find significant levels of discrimination...
View ArticlePrivate Provision of Social Insurance: Drug-specific Price Elasticities and...
Standard theory suggests that optimal consumer cost-sharing in health insurance increases with the price elasticity of demand, yet publicly-provided drug coverage typically involves uniform...
View ArticleVolatility and the Gains from Trade -- by Treb Allen, David Atkin
By reducing the negative correlation between local prices and productivity shocks, trade liberalization changes the volatility of returns. In this paper, we explore the second moment effects of trade....
View ArticleIs the Macroeconomy Locally Unstable and Why Should We Care? -- by Paul...
In most modern macroeconomic models, the steady state (or balanced growth path) of the system is a local attractor, in the sense that, in the absence of shocks, the economy would converge to the steady...
View ArticleHow Credit Constraints Impact Job Finding Rates, Sorting & Aggregate...
We empirically and theoretically examine how consumer credit access affects displaced workers. Empirically, we link administrative employment histories to credit reports. We show that an increase in...
View ArticleHow Does Hedge Fund Activism Reshape Corporate Innovation? -- by Alon Brav,...
This paper studies how hedge fund activism reshapes corporate innovation. Firms targeted by hedge fund activists experience an improvement in innovation efficiency during the five-year period following...
View ArticleThe Fiscal Cost of Hurricanes: Disaster Aid Versus Social Insurance -- by...
Little is known about the fiscal costs of natural disasters, especially regarding social safety nets that do not specifically target extreme weather events. This paper shows that US hurricanes lead to...
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