Hong Kongâs Securities And Futures Commission Publishes Consultation...
The Securities and Futures Commission (SFC) today released consultation conclusions on the Principles of Responsible Ownership which aim to provide guidance on how investors should fulfil their...
View ArticleLombard Risk Launches AgileREPORTER For Global Regulatory Reporting - The...
Lombard Risk Management, a leading provider of collateral management and regulatory reporting solutions for the financial services industry, is pleased to announce the launch of AgileREPORTER, its next...
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Susanne Chishti and Janos Barberis on Crowdsourcing, Financial Technology and...
We spoke with Susanne Chishti and Janos Barberis, editors of The FINTECH Book the first crowd-sourced book on FinTech globally. Representing thought leaders across 20+ countries, it will be published...
View ArticleThai Alternative Bourse's Listed Firms Post 10 Pct Earnings Growth In 2015 -...
Thai companies listed on Market for Alternative Investment (mai) reported the 2015 combined net profit of THB 5.72 billion (approx. USD 161 million), up 10.19 percent from a year earlier. Property...
View ArticleAnnual Revision Of Warsaw Stock Exchange Indices
Warsaw Stock Exchange (GPW) announces changes in the constituents of the WIG20, mWIG40, sWIG80 and WIG30 indices following the March annual review. The changes will be effective starting from 21 March...
View ArticleSGX: Scheduled Additions To The FTSE ST Catalist Index
Following the FTSE ST Index Series Semi-Annual Review for March 2016, 11 stocks are set to join the FTSE ST Catalist Index effective the open of 21 March 2016. These 11 stocks include security...
View ArticleUK's Financial Conduct Authority: New Accountability Regime For Banks And...
The Senior Managers Regime for the banking sector and the Senior Insurance Managers Regime both come into force today. The new regimes will hold individuals working at all levels within relevant firms...
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International Comparative Household Finance -- by Cristian Badarinza, John Y....
This paper reviews the literature on international comparative household finance. The paper presents summary statistics on household balance sheets for 13 developed countries, and uses these statistics...
View ArticleSpeculative Fever: Investor Contagion in the Housing Bubble -- by Patrick...
Historical anecdotes of new investors being drawn into a booming asset market, only to suffer when the market turns, abound. While the role of investor contagion in asset bubbles has been explored...
View ArticleToo-Big-To-Fail Before the Fed -- by Gary Gorton, Ellis W. Tallman
"Too-big-to-fail" is consistent with policies followed by private bank clearing houses during financial crises in the U.S. National Banking Era prior to the existence of the Federal Reserve System....
View ArticleSufficient Statistics for Imperfect Externality-Correcting Policies -- by...
Pigouvian taxes can fully correct for market failures due to externalities, but actual policies are commonly forced to deviate from the Pigouvian ideal due to administrative or political constraints....
View ArticleQuantitative Models of Commercial Policy -- by Ralph Ossa
What tariffs would countries impose if they did not have to fear any retaliation? What would occur if there was a complete breakdown of trade policy cooperation? What would be the outcome if countries...
View ArticleDecentralized Governance and the Quality of School Leadership -- by Derek...
In response to widespread dissatisfaction with the schools, the 1988 Chicago School Reform Act decentralized school governance by forming elected local school councils (LSCs) responsible for principal...
View ArticleSome Theoretical Connections Among Wealth, Income, Sustainability, and...
In theory, and under some quite strong assumptions, there exists an important rigorous quantitative relationship among the following four fundamental economic concepts: (1) "wealth"; (2) "income"; (3)...
View ArticleFiscal and Financial Crises -- by Michael D. Bordo, Christopher M. Meissner
Interconnections between banking crises and fiscal crises have a long history. We document the long-run evolution from classic banking panics towards modern banking crises where financial guarantees...
View ArticleThe Macroeconomic Impact of Financial and Uncertainty Shocks -- by Dario...
The extraordinary events surrounding the Great Recession have cast a considerable doubt on the traditional sources of macroeconomic instability. In their place, economists have singled out financial...
View ArticleUniversity Innovation and the Professor's Privilege -- by Hans K. Hvide,...
National policies take varied approaches to encouraging university-based innovation. This paper studies a natural experiment: the end of the "professor's privilege" in Norway, where university...
View ArticleA Market Based Solution for Fire Sales and Other Pecuniary Externalities --...
We show how bundling, exclusivity and additional markets internalize fire sale and other pecuniary externalities. Ex ante competition can achieve a constrained efficient allocation. The solution can be...
View ArticleThe Limits of Propaganda: Evidence from Chavez's Venezuela -- by Brian...
In this paper, we investigate viewer responses to changes in the ideological content of television programming using variation induced by cadenas, unannounced takeovers of the public television...
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