Industry Veteran Lisa Pollina Joins DTCC Board Of Directors
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that Lisa A. Pollina, former Vice...
View ArticleFINRA Files Complaint Charging Broker With Fraudulently And Excessively...
The Financial Industry Regulatory Authority (FINRA) announced today that it has filed a complaint against broker Hank Mark Werner of Northport, New York, charging him with securities fraud for churning...
View ArticleInternational Evidence on Long Run Money Demand -- by Luca Benati, Robert E....
We explore the long-run demand for M1 based on a dataset comprising 31 countries since 1851. In many cases cointegration tests identify a long-run equilibrium relationship between either velocity and...
View ArticleThe Gap within the Gap: Using Longitudinal Data to Understand Income...
Gaps in educational achievement between high- and low-income children are growing. Administrative datasets maintained by states and districts lack information about income but do indicate whether a...
View ArticleDepreciation of Business R&D Capital -- by Wendy C.Y. Li, Bronwyn H. Hall
We develop a forward-looking profit model to estimate the depreciation rates of business R&D capital. By using data from Compustat, BEA, and NSF between 1987 and 2008, and the newly developed...
View ArticleDynamic Effects of Teacher Turnover on the Quality of Instruction -- by Eric...
It is widely believed that teacher turnover adversely affects the quality of instruction in urban schools serving predominantly disadvantaged children, and a growing body of research investigates...
View ArticleTobacco Regulation and Cost-Benefit Analysis: How Should We Value Foregone...
Recent tobacco regulations proposed by the Food and Drug Administration have raised a thorny question: how should the cost-benefit analysis accompanying such policies value foregone consumer surplus...
View ArticleCognitive Performance and Labor Market Outcomes -- by Dajun Lin, Randall...
We use information from the National Longitudinal Survey of Youth 1979 (NLSY79) and supplementary data sources to examine how cognitive performance, measured at approximately the end of secondary...
View ArticleDoes "Ban the Box" Help or Hurt Low-Skilled Workers? Statistical...
Jurisdictions across the United States have adopted "ban the box" (BTB) policies preventing employers from conducting criminal background checks until late in the job application process. Their goal is...
View ArticleExternal and Internal Validity of a Geographic Quasi-Experiment Embedded in...
This paper analyzes a geographic quasi-experiment embedded in a cluster-randomized experiment in Honduras. In the experiment, average treatment effects on school enrollment and child labor were...
View ArticleCBOE Holdings Reports July 2016 Trading Volume - Total Volume Of 94.4 Million...
CBOE Holdings, Inc. (NASDAQ: CBOE) reported today that July average daily volume (ADV) for options contracts traded on Chicago Board Options Exchange® (CBOE®) and C2 Options Exchange (C2), and futures...
View ArticlePricing Weakly Model Dependent Barrier Products. (arXiv:1608.00280v1 [q-fin.PR])
We discuss the pricing methodology for Bonus Certificates and Barrier Reverse-Convertible Structured Products. Pricing for a European barrier condition is straightforward for products of both types and...
View ArticleMetastable Features of Economic Networks and Responses to Exogenous Shocks....
It has been proved that network structure plays an important role in addressing a collective behaviour. In this paper we consider a network of firms and corporations and study its metastable features...
View ArticleApplication of Malliavin calculus to exact and approximate option pricing...
The article is devoted to models of financial markets with stochastic volatility, which is defined by a functional of Ornstein-Uhlenbeck process or Cox-Ingersoll-Ross process. We study the question of...
View ArticleSelf-organization in a distributed coordination game through heuristic rules....
In this paper we consider a distributed coordination game played by a large number of agents with finite information sets, which characterizes emergence of a single dominant attribute out of a large...
View ArticleHKEX: Securities And Derivatives Markets Delay Open Due To Issuance Of...
Hong Kong Exchanges and Clearing Limited (HKEX) announced that the morning trading in its securities market, including Shanghai-Hong Kong Stock Connect trading, and derivatives market has been delayed...
View ArticleHKEX: No Trading Today In Securities And Derivatives Markets Due To Issuance...
Hong Kong Exchanges and Clearing Limited (HKEX) announced that today's trading sessions in the securities and derivatives markets, including After-Hours Futures Trading, have been cancelled due to the...
View ArticleSIX Exchange Regulation: Suspension Of Trading Regarding Accu Holding Ltd
SIX Exchange Regulation exceptionally granted Accu Holding Ltd on their request to publish their audited annual report 2015 only on 29 July 2016. The company did not comply with this time limit....
View ArticleUK's Financial Conduct Authority Provides Update On PPI
The Financial Conduct Authority (FCA) has today confirmed that it believes that, overall, the package of proposals on payment protection insurance (PPI) complaints laid out in its November 2015...
View ArticleETFGI Reports Assets Invested In Active ETFs/ETPs Listed Globally Reached A...
ETFGI, the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, today reported assets invested in active ETFs/ETPs listed globally reached a new record high...
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