$\kappa$-generalized models of income and wealth distributions: A survey....
The paper provides a survey of results related to the "$\kappa$-generalized distribution", a statistical model for the size distribution of income and wealth. Topics include, among others, discussion...
View ArticleUtility Maximization and Indifference Value under Risk and Information...
In this article we consider an optimization problem of expected utility maximization of continuous-time trading in a financial market. This trading is constrained by a benchmark for a utility-based...
View ArticlePortfolio Benchmarking under Drawdown Constraint and Stochastic Sharpe Ratio....
We consider an investor who seeks to maximize her expected utility derived from her terminal wealth relative to the maximum performance achieved over a fixed time horizon, and under a portfolio...
View ArticleBSX CEO Comments On The Collaboration And Growth Of The Global ILS Industry
In a press release issued by ILS Bermuda, Bermuda Stock Exchange CEO Greg Wojciechowski, comments on the Global ILS Industry. The filing stated:read more...
View ArticleJapan Exchange Group: Consolidated Financial Results For The Six Months Ended...
During the consolidated cumulative second quarter (from April 1, 2016 to September 30, 2016), the Group recorded operating revenue of ¥52,882 million (8.7% decrease from the same period of the previous...
View ArticleUBS's Third-Quarter 2016 Results - UBS 3Q Adjusted Pre-Tax Profit Up 33% -...
Quarterly reportread more...
View ArticleJohannesburg Stock Exchange (JSE) Spire Awards Showcase Excellence In Fixed...
ABSA Capital, Rand Merchant Bank (RMB) and Nedbank took home the big awards of the evening at the 15th annual Spire awards as the winners of the Best Bonds House, Best Fixed Income and Currencies...
View ArticleBME Posts A Net Profit Of €121 Million To The End Of September
BME net profit for the first nine months of 2016 totaled €121 million, a decrease of 8.6% on the year ago figure. Third quarter net profit decreased 14.3%, to €35.1 million. The general slowdown in...
View ArticleHKFE Announces Revised Margins For Futures Contracts
Please be advised that pursuant to Exchange Rule 617(d) and HKCC Rule 402, the Exchange and the Clearing House have determined that with effect from the commencement of trading on Tuesday, 1 November...
View ArticleOslo Børs: Millennium Exchange Release 9.1 Oslo Børs –...
Oslo Børs’ Millennium 9.1 CDS environment will be upgraded to a new version as of Wednesday 2 November, affecting both technical documentation and reference data files. Wednesday 2 November is to be...
View ArticleLondon Stock Exchange Welcomes ConvaTec Group – Largest UK IPO Of 2016
London Stock Exchange today welcomes ConvaTec Group Plc, the UK headquartered, global medical products and technologies company to open trading following its successful IPO which capitalised the...
View ArticleOslo Børs: Millennium Exchange Release 9.1 Oslo Børs –...
Oslo Børs’ Millennium 9.1 CDS environment will be upgraded to a new version as of Wednesday 2 November, affecting both technical documentation and reference data files. Wednesday 2 November is to be...
View ArticleHKEX: Report On Initial Public Offering Applications, Delisting And...
Main Boardread more...
View ArticleNew On MOEX Equity & Bond Market
From 31 October 2016, аny Russian federal government bond (OFZ) being offered at the auction on the primary market will be available for trading in all other trading regimes at the same time.read more...
View ArticleBalancing, Regression, Difference-In-Differences and Synthetic Control...
In a seminal paper Abadie et al (2010) develop the synthetic control procedure for estimating the effect of a treatment, in the presence of a single treated unit and a number of control units, with...
View ArticleCurrency Manipulation -- by Tarek A. Hassan, Thomas M. Mertens, Tony Zhang
We propose a novel, risk-based transmission mechanism for the effects of currency manipulation: policies that systematically induce a country's currency to appreciate in bad times, lower its risk...
View ArticleA Real Estate Boom with Chinese Characteristics -- by Edward Glaeser, Wei...
Chinese housing prices rose by over 10 percent per year in real terms between 2003 and 2014, and are now between two and ten times higher than the construction cost of apartments. At the same time,...
View ArticleCrime and Durable Goods -- by Sebastian Galiani, Laura Jaitman, Federico...
Crime and the durability of goods are strongly connected issues. However, surprisingly, they have been studied separately. This paper explores the relationship between the production of durable goods...
View ArticleFighting Crises -- by Gary Gorton, Guillermo Ordonyez
In fighting a financial crisis, opacity (keeping the names of banks borrowing at emergency lending facilities secret) and stigma (the cost of having a bank's name revealed) are desirable to restore...
View ArticleDiscrimination as a Self-Fulfilling Prophecy: Evidence from French Grocery...
Examining the performance of cashiers in a French grocery store chain, we find that manager bias negatively affects minority job performance. In the stores studied, cashiers work with different...
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