Optimal Consumption and Investment with Fixed and Proportional Transaction...
The classical optimal investment and consumption problem with infinite horizon is studied in the presence of transaction costs. Both proportional and fixed costs as well as general utility functions...
View ArticleA framework for analyzing contagion in assortative banking networks....
We introduce a probabilistic framework that represents stylized banking networks with the aim of predicting the size of contagion events. Most previous work on random financial networks assumes...
View ArticleShenzhen Stock Exchange Kicks Off Global Roadshows For Shenzhen-Hong Kong...
On October 13, 2016, Shenzhen Stock Exchange (SZSE) and Hong Kong Exchanges and Clearing Limited (HKEx) kicked off their global roadshows for Shenzhen-Hong Kong Stock Connect in Hong Kong. SZSE...
View ArticleASIC's Opening Address To The House Of Representatives Standing Committee On...
Banks play a critical role in supporting economic growth and meeting the financial needs of Australian people.read more...
View ArticleTaiwan’s Road To ASEAN Opens Through Malaysia’s Stock Market
Invest Malaysia 2016 | Taiwan (IM 2016 Taiwan) capital market roadshow was host to more than 45 Taipei-based institutional fund managers from 29 organisations who met 1-on-1 with leading companies...
View ArticleASIC Statement On Review Of ASX Technical Failure On 19 September 2016
On 19 September, the ASX equity market experienced a technical failure that impacted the proper operation of the market. This caused a delay to the market opening and an early market close, as well as...
View ArticleUK's Financial Conduct Authority Publishes Thematic Review Of Annuity Sales...
The Financial Conduct Authority (FCA) has today published the findings of its thematic review of non-advised annuity sales practices.read more...
View Articlehttps://t.co/WhAujOd4NF
A new method for making effective calculations in 'high-dimensional space'https://t.co/WhAujOd4NF — moneyscience (@moneyscience) October 13, 2016
View ArticleBME: MAXAM To Issue Commercial Paper Programme In MARF For An Outstanding...
MAXAMCorp Holding has registered a Programme to Issue CPs in the Alternative Fixed-Income Market (MARF) which will allow it to have an outstanding amount of these instruments of €100 million in a year,...
View ArticleInfluencing Connected Legislators -- by Marco Battaglini, Eleonora Patacchini
This paper studies how interest groups allocate campaign contributions when congressmen are connected by social ties. We establish conditions for the existence of a unique Nash equilibrium in pure...
View ArticleChanges in Marriage and Divorce as Drivers of Employment and Retirement of...
We study associations among women's current marital status, past marital history, and later-life labor force participation. We first document these relationships using data from the 1986 to 2008 waves...
View ArticleBalance Sheet Effects on Monetary and Financial Spillovers: The East Asian...
We study how the financial conditions in the Center Economies [the U.S., Japan, and the Euro area] impact other countries over the period 1986 through 2015. Our methodology relies upon a two-step...
View ArticleMarket Potential and Global Growth over the Long Twentieth Century -- by...
We examine the evolution of market potential over the long twentieth century from 1900 to 2010. Theoretically, we exploit a structural gravity model to derive a closed-form solution for a widely-used...
View ArticleNecessity as the Mother of Invention: Monetary Policy after the Crisis -- by...
We ask whether recent changes in monetary policy due to the financial crisis will be temporary or permanent. We present evidence from two surveys--one of central bank governors, the other of academic...
View ArticleMoney or Grit? Determinants of MisMatch by Race and Gender -- by Russell...
This paper studies mismatch in educational attainment. Mismatch arises when high ability individuals do not obtain a college degree and/or low ability individuals do obtain such a degree. Using data...
View ArticleA Distribution-Neutral Perspective On Tax Expenditure Limitations -- by Louis...
A recent wave of literature, partly motivated by presidential campaign tax reform plans, analyzes tax expenditure limitation proposals. These reforms are often advanced not only, or even primarily,...
View ArticleEstimating the Heterogeneous Welfare Effects of Choice Architecture: An...
We develop a structural model for bounding welfare effects of policies that alter the design of differentiated product markets when some consumers may be misinformed about product characteristics and...
View ArticleWill the Paris Accord Accelerate Climate Change? -- by Laurence J. Kotlikoff,...
The 2015 Paris Accord is meant to control our planet's rising temperature. But it may be doing the opposite in gradually, rather than immediately reducing CO2 emissions. The Accord effectively tells...
View ArticleAccounting for Price Endogeneity in Airline Itinerary Choice Models: An...
Network planning models, which forecast the profitability of airline schedules, support many critical decisions, including equipment purchase decisions. Network planning models include an itinerary...
View ArticleGlobal Talent Flows -- by Sari Pekkala Kerr, William Kerr, Caglar Ozden,...
The global distribution of talent is highly skewed and the resources available to countries to develop and utilize their best and brightest vary substantially. The migration of skilled workers across...
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