Hong Kong's Securities And Futures Commission Issues First-Quarter Report
The Securities and Futures Commission (SFC) today published its Quarterly Report summarising key developments from April to June 2016.read more...
View ArticleASIC Consults On Audit Relief For Proprietary Companies And Reporting Relief...
ASIC has today issued a consultation paper proposing to remake three class orders that are due to expire (‘sunset’) on 1 October 2016 and 1 April 2017. The class orders affect the audit of proprietary...
View ArticleNew Zealand's Financial Markets Authority Warns Registered Financial Adviser
The Financial Markets Authority (FMA) has warned an individual in relation to suspected misleading or deceptive conduct by a registered financial adviser. Following an investigation by the FMA, it...
View ArticleBursa Malaysia Enables Multi-Currency For Fixed Income Instruments
Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”) has enabled multi-currency fixed income instruments in its web-based Electronic Trading Platform (ETP) to ensure the ongoing relevance of the...
View ArticleIntermediaries Looking To Wine Investment As Post-Brexit Safe Haven Option
More than one in four (27%) wealth managers and IFAs expect appetite for wine investing to increase over the next 12 months as the impact of Brexit drives the sector to new highs and fuels greater...
View ArticleSecurities Commission Malaysia (SC) Introduces Rule Book In Revised Framework...
The Securities Commission Malaysia (SC) launched a rule book on the revised Takeovers and Mergers Framework to facilitate market activities in a fast changing environment, whilst ensuring appropriate...
View ArticleHKEX: OTC Clear Launches Clearing Service For USD/CNH Cross Currency Swaps
OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX) that provides clearing and settlement services for over-the-counter (OTC) derivative...
View ArticleDubai Financial Market (DFM) Achieves 100% Compliance In Local...
Dubai Financial Market (DFM) today announced that its listed local companies have recorded a 100% compliance regarding the disclosure of Q2-2016 results within the deadline of 45 days from the end of...
View ArticleDeutsche Börse: Xetra-Gold Holdings Rise By More Than 50 Per Cent Since...
The gold held in custody by Deutsche Börse Commodities GmbH for the purpose of physically backing the Xetra-Gold bond has risen to a new record high of 90.67 tons, an increase of more than 50 per cent...
View ArticleThe Effects of Pre-Trial Detention on Conviction, Future Crime, and...
Over 20 percent of prison and jail inmates in the United States are currently awaiting trial, but little is known about the impact of pre-trial detention on defendants. This paper uses the detention...
View ArticleInfrequent but Long-Lived Zero-Bound Episodes and the Optimal Rate of...
Countries rarely hit the zero-lower bound on interest rates, but when they do, these episodes tend to be very long-lived. These two features are difficult to jointly incorporate into macroeconomic...
View ArticleOptimal Domestic (and External) Sovereign Default -- by Pablo D'Erasmo,...
Infrequent but turbulent episodes of outright sovereign default on domestic creditors are considered a "forgotten history" in Macroeconomics. We propose a heterogeneous-agents model in which optimal...
View ArticleOpening the Black Box of the Matching Function: the Power of Words -- by...
How do employers attract the right workers? How important are posted wages vs. other job characteristics? Using data from the leading job board CareerBuilder.com, we show that most vacancies do not...
View ArticleThe Consequences of Spatially Differentiated Water Pollution Regulation in...
China's environmental regulators have sought to reduce the Yangtze River's water pollution. We document that this regulatory effort has had two unintended consequences. First, the regulation's spatial...
View ArticleOn What States Do Prices Depend? Answers From Ecuador -- by Craig Benedict,...
In this paper, we argue that differences in the cost structure across sectors play an important role in the decision of firms to adjust their prices. We develop a menu-cost model of pricing in which...
View ArticleThe Elusive Costs of Inflation: Price Dispersion during the U.S. Great...
A key policy question is: How high an inflation rate should central banks target? This depends crucially on the costs of inflation. An important concern is that high inflation will lead to inefficient...
View ArticleTaking the Measure of a Fatal Drug Epidemic -- by Christopher J. Ruhm
This analysis utilizes death certificate data from the Multiple Cause of Death (MCOD) files to better measure the specific drugs involved in drug poisoning fatalities. Statistical adjustment procedures...
View ArticleDesigning Nonlinear Price Schedules for Urban Water Utilities to Balance...
This paper formulates and estimates a household-level, billing-cycle water demand model under increasing block prices that accounts for the impact of monthly weather variation, the amount of vegetation...
View ArticleCharter Schools and Labor Market Outcomes -- by Will S. Dobbie, Roland G....
We estimate the impact of charter schools on early-life labor market outcomes using administrative data from Texas. We find that, at the mean, charter schools have no impact on test scores and a...
View ArticleReports From CPMI-IOSCO Advance Regulatory Agenda On Central Counterparties
Reports published today by the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) are aimed at enhancing the...
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