HSBC Online Share Trading Joins mFund Service
HSBC Online Share Trading, part of HSBC Bank Australia Ltd, has today joined ASX’s mFund Settlement Service, bringing the number of mFund distribution partners to 18.read more...
View ArticleDGCX Breaks Several Records In The First Quarter Of 2016
First quarter volumes on the Dubai Gold & Commodities Exchange (DGCX) grew 37% from the same period last year, trading more than 4.5 million contracts - the highest quarterly volumes in the...
View ArticleBoerse Stuttgart Reports March Turnover In Region Of EUR 6.9 Billion -...
Based on the order book statistics, turnover at Boerse Stuttgart in March 2016 was around EURÂ 6.9 billion, roughly on a par with the total for February.read more...
View ArticleICAP To Become Official Title Sponsor Of LâEtape London By Le Tour De...
Human Race, the UK’s leading event organiser, announces that ICAP, a leading markets operator and provider of post-trade risk mitigation and information services, is to become Official Title Sponsor of...
View ArticleWarsaw Stock Exchange - Investor Activity On GPW Markets: March 2016
The value of trade in equities on the Electronic Order Book on the Main Market was PLN 16.7 billion in March 2016, representing a decrease of 13.4% year on year. The total value of trade in equities...
View ArticlePeregrine Guernsey Limited Appoints Northern Trust For Global Custody And...
Peregrine Guernsey Limited has appointed Northern Trust (Nasdaq: NTRS) to provide global custody and fund administration services for approximately US$725 million in assets.read more...
View ArticleCME Group Appoints Paul Houston As Global Head Of FX
CME Group, the world's leading and most diverse derivatives marketplace, today announced the appointment of Paul Houston as Executive Director, Global Head of FX.read more...
View ArticleACER Publishes Updated Q&As On REMIT And Additional Faqs On Transaction...
On 24 and 31 March 2016 ACERÂ provided additional guidance on data collection under the EU Regulation on wholesale energy market integrity and transparency (REMIT), in particular having regard to the...
View ArticlePreferential Trade Agreements -- by Nuno Limao
A large and growing number of countries participate in multiple preferential trade agreements (PTAs), which increasingly entail broad cooperation over policies extending far beyond trade barriers. I...
View ArticleThe Inclusive Cost of Pandemic Influenza Risk -- by Victoria Y. Fan, Dean T....
Estimates of the long-term annual cost of global warming lie in the range of 0.2-2% of global income. This high cost has generated widespread political concern and commitment as manifested in the Paris...
View ArticleAnimal Spirits in a Monetary Model -- by Roger E.A. Farmer, Konstantin Platonov
We integrate Keynesian economics with general equilibrium theory in a new way. Our approach differs from the prevailing New Keynesian paradigm in two ways. First, our model displays steady state...
View ArticleThe Theory of Unconventional Monetary Policy -- by Roger Farmer, Pawel Zabczyk
This paper is about the effectiveness of qualitative easing, a form of unconventional monetary policy that changes the risk composition of the central bank balance sheet with the goal of stabilizing...
View ArticleRethinking Performance Evaluation -- by Campbell R. Harvey, Yan Liu
We show that the standard equation-by-equation OLS used in performance evaluation ignores information in the alpha population and leads to severely biased estimates for the alpha population. We propose...
View ArticleOn the Optimal Inflation Rate -- by Markus K. Brunnermeier, Yuliy Sannikov
In our incomplete markets economy financial frictions affect the optimal inflation target. Households choose portfolios consisting of risky (uninsurable) capital and money. Money is a bubbly store of...
View ArticleGovernment Old-Age Support and Labor Supply: Evidence from the Old Age...
Many major government programs transfer resources to older people and implicitly or explicitly tax their labor. In this paper, we shed new light on the labor supply effects of such programs by...
View ArticleClans, Guilds, and Markets: Apprenticeship Institutions and Growth in the...
In the centuries leading up to the Industrial Revolution, Western Europe gradually pulled ahead of other world regions in terms of technological creativity, population growth, and income per capita. We...
View ArticleThe Production of Human Capital in Developed Countries: Evidence from 196...
Randomized field experiments designed to better understand the production of human capital have increased exponentially over the past several decades. This chapter summarizes what we have learned about...
View ArticleThe Discounted Euler Equation: A Note -- by Alisdair McKay, Emi Nakamura, Jon...
We present a simple model with unemployment risk and borrowing constraints which yields a "discounted Euler equation." This feature of the model mutes the extent to which news about far future real...
View ArticleTax Benefits for College Attendance -- by Susan Dynarski, Judith Scott-Clayton
National efforts to promote college enrollment are increasingly delivered through tax-based assistance, including tax credits and deductions for tuition and fees, tax-advantaged college savings plans,...
View ArticleTargeted or Universal Coverage? Assessing Heterogeneity in the Effects of...
We extend earlier research evaluating the Quebec Family Policy by providing the first evidence on the distributional effects of universal child care on two specific developmental outcomes. Our analysis...
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