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IFDP 2016-1160: Managerial Compensation under Privately-Observed
Qi Liu and Bo Sun | This paper studies how private information in hedging outcomes affects the design of managerial compensation when hedging instruments serve as a double-edged sword in that they may...
View ArticleCFTC Charges Georgia Resident Hendrik A. Van Beuningen And His Company,...
The U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the Northern District of Georgia, charging Defendants Hendrik A. Van Beuningenof...
View ArticleCanadian Securities Regulators Seek Comment On Proposed Proxy Voting Protocols
Canadian Securities Administrators (CSA) today published CSA Multilateral Staff Notice 54-304 Final Report on Review of the Proxy Voting Infrastructure and Request for Comments on Proposed Meeting Vote...
View ArticleBGC Partners Updates Its Outlook For The First Quarter Of 2016
BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or the "Company,") a leading global brokerage company servicing the financial and real estate markets, today announced that it has updated its...
View Article2015 Enforcement Report - Report Highlights IIROC's Focus On Strengthening...
The Investment Industry Regulatory Organization of Canada (llROC) today published its annual Enforcement Report outlining the actions it has taken to prosecute and sanction investment firms and...
View ArticleIMF Managing Director Christine Lagarde Letter To Greece Prime Minister...
His Excellency Mr. Alexis Tsipras Prime Minister of the Hellenic Republic Athens, Greeceread more...
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The Coming Collapse Of Political Parties (And The State)
One of the long time themes on here that, as far as I know, is unique to this blog, just as many themes are, is that we are likely to see the collapse of both political parties in this nation....
View ArticleRisk contagion under regular variation and asymptotic tail independence....
Risk contagion concerns any entity dealing with large scale risks. Suppose (X,Y) denotes a risk vector pertaining to two components in some system. A relevant measurement of risk contagion would be to...
View ArticleThe Mittag-Leffler Phillips Curve. (arXiv:1604.00369v1 [q-fin.EC])
In this paper, a mathematical model containing two-parameter Mittag-Leffler function in its definition is proposed to be used for the first time to fit the relation between unemployment rate and...
View ArticleCorruption and Wealth: Unveiling a national prosperity syndrome in Europe....
Data mining revealed a cluster of economic, psychological, social and cultural indicators that in combination predicted corruption and wealth of European nations. This prosperity syndrome of...
View ArticleSystemic Risks in CCP Networks. (arXiv:1604.00254v1 [q-fin.MF])
We propose a model for the credit and liquidity risks faced by clearing members of Central Counterparty Clearing houses (CCPs). This model aims to capture the features of: gap risk; feedback between...
View ArticleMarket Integration in the Prewar Japanese Rice Markets. (arXiv:1604.00148v1...
This paper examines the integration process of the Japanese major rice markets (Tokyo and Osaka) from 1881 to 1932. Using a non-Bayesian time-varying vector error correction (VEC) model, we argued that...
View ArticleOption pricing under fast-varying long-memory stochastic volatility....
Recent empirical studies suggest that the volatility of an underlying price process may have correlations that decay relatively slowly under certain market conditions. In this paper, the volatility is...
View ArticleDistinguished Economist Steven Joseph Davis Appointed MAS Term Professor At...
The National University of Singapore (NUS) and the Monetary Authority of Singapore (MAS) have jointly appointed Professor Steven Joseph Davis, William H. Abbott Professor of International Business and...
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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 EUR 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...
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