Russia’s CSD Registers The First Commercial Bond Issue
National Settlement Depository (NSD), Russia’s central securities depository, registered the first commercial bond issue. The issuer is Fairdip Investments RU.read more...
View ArticleRunning "Sprints" Effectively
Rachel Emma Silverman wrote a short piece for the Wall Street Journal last week about the use of "sprints" to solve tough problems at companies such as Alphabet. A sprint is a focused group...
View Article29Aug/Asset managers, eurodollars and unconventional monetary policy
An asset manager's rapid liquidation in the weeks around the end of September 2014 of a very large position in eurodollar futures, a huge derivatives market that allows traders to position on the...
View ArticleMIAX Options Holiday Schedule - Labor Day 2016
Please be advised the MIAX Options Exchange will be closed on Monday, September 5, 2016 in observance of Labor Day.
View ArticleFederal Reserve Board Announces It Will Seek $1.2 Million Fine And Permanent...
The Federal Reserve Board on Monday announced that it will seek a $1.2 million fine and a permanent ban on employment in the banking industry in an enforcement action against a foreign exchange (FX)...
View ArticleMIAX Options - September 1, 2016 Fee Changes
Effective September 1, 2016, pending SEC approval, the MIAX Options Fee Schedule will be amended.read more...
View ArticleInterview with Phillip Barlag, Author of The Leadership Genius of Julius Caesar
1. Why did you choose to write this book? Early in the book, I discuss a story where Caesar was able to stop a mutiny of his army - which occurred while he was away from camp - by returning, standing...
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How to Build Wealth with Real Estate Investment Trusts
Using easy-to-understand language and simple examples to illustrate industry-specific concepts, The Intelligent REIT Investorenables even novice investors to quickly gain fluency in REIT industry...
View ArticleEstimating the Value of Public Insurance Using Complementary Private...
The welfare associated with public insurance is often difficult to quantify. Relative to private insurance, a fundamental difficulty is that public insurance is typically compulsory, so the demand for...
View ArticleDirect-to-Consumer Advertising and Online Search -- by Matthew Chesnes,...
Beginning in 1997, the Food and Drug Administration (FDA) allowed television advertisements to make major statements about a prescription drug, while referring to detailed drug information on the...
View ArticleThe Lifecycle of the 47% -- by Don Fullerton, Nirupama S. Rao
We assess the concentration and duration of zero tax liabilities and of transfer receipts, using data for households with ten to forty years of observations from the Panel Survey of Income Dynamics. We...
View ArticleThe Derivation of Discount Rates with an Augmented Measure of Income. -- by...
Most developed economies invest in public goods such as national defense, education, infrastructure, and the environment. Expenditures on public projects entail a diversion of funds away from...
View ArticleDo Minimum Wage Increases Influence Worker Health? -- by Brady P. Horn,...
This study investigates whether minimum wage increases in the United States affect an important non-market outcome: worker health. To study this question, we use data on lesser-skilled workers from the...
View ArticleSGX Announcement-Appointment Of Chairman
The Directors of Singapore Exchange (SGX) are pleased to announce their election of Mr Kwa Chong Seng to succeed Mr Chew Choon Seng as Chairman of the Board.read more...
View ArticleSEC: Investor Protection In The Municipal Securities Markets, Rick A....
Thank you, Lynnette [Kelly], for that kind introduction and for inviting me to participate in your event today. It has been a pleasure to spend time with a variety of regulators who are on the front...
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SEC Adopts Amendments Providing Authorities Access To Data Obtained by...
The Securities and Exchange Commission today adopted amendments to a rule that would require security-based swap data repositories to make data available to regulators and other authorities, allowing...
View ArticleNetworks: An Economic Perspective. (arXiv:1608.07901v1 [physics.soc-ph])
We discuss social network analysis from the perspective of economics. We organize the presentaion around the theme of externalities: the effects that one's behavior has on others' well-being....
View ArticleShort-Time Expansions for Call Options on Leveraged ETFs Under Exponential...
In this article, we consider the small-time asymptotics of options on a Leveraged Exchange-Traded Fund (LETF) when the underlying Exchange Traded Fund (ETF) exhibits both local volatility and jumps of...
View ArticleRethinking Financial Contagion. (arXiv:1608.07831v1 [q-fin.RM])
How, and to what extent, does an interconnected financial system endogenously amplify external shocks? This paper attempts to reconcile some apparently different views emerged after the 2008 crisis...
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