Heterogeneous Frictional Costs Across Industries in Cross-border Mergers and...
While there has been significant research to explore the determinants (and frictions) of foreign direct investment (FDI), past literature primarily focuses on country-wide FDI patterns with little...
View ArticleAttention Variation and Welfare: Theory and Evidence from a Tax Salience...
This paper shows that accounting for variation in mistakes can be crucial for welfare analysis. Focusing on consumer underreaction to not-fully-salient sales taxes, we show theoretically that the...
View ArticleGeographic Diversification and Banks' Funding Costs -- by Ross Levine, Chen...
We assess the impact of the geographic expansion of bank assets on the cost of banks' interest-bearing liabilities. Existing research suggests that expansion can both intensify agency problems that...
View ArticleHuman Capital Investments and Expectations about Career and Family -- by...
This paper studies how individuals "believe" human capital investments will affect their future career and family life. We conducted a survey of high-ability currently enrolled college students and...
View ArticleAre Publicly Insured Children Less Likely to be Admitted to Hospital than the...
There is continuing controversy about the extent to which publicly insured children are treated differently than privately insured children, and whether differences in treatment matter. We show that on...
View ArticleOptimal Switching under Ambiguity and Its Applications in Finance....
In this paper, we study optimal switching problems under ambiguity. To characterize the optimal switching under ambiguity in the finite horizon, we use multidimensional reflected backward stochastic...
View ArticleA String Model of Liquidity in Financial Markets. (arXiv:1608.05900v1...
We consider a dynamic market model where buyers and sellers submit limit orders. If at a given moment in time, the buyer is unable to complete his entire order due to the shortage of sell orders at the...
View ArticleThe Growth of Oligarchy in a Yard-Sale Model of Asset Exchange: A Logistic...
The addition of wealth-attained advantage (WAA) to the Yard-Sale Model (YSM) of asset exchange has been demonstrated to induce wealth condensation. In a model of WAA for which the bias is a continuous...
View ArticleStochastic Evolution Equations in Banach Spaces and Applications to...
In this paper we study the stochastic evolution equation (1.1) in martingale-type 2 Banach spaces (with the linear part of the drift being only a generator of a C0-semigroup). We prove the existence...
View ArticleCFTC Orders California Resident Irina Feldman And Her Companies Cindium Inc....
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Respondents Irina Feldman, Cindium Inc. (Cindium), and Einstein Exchange...
View ArticleMNI China Business Sentiment Survey: Chinese Business Sentiment Down In...
China’s largest companies reported a softening in business conditions in August as a noticeable fall in demand and less favourable credit conditions outweighed a slight uptick in output, according to...
View ArticleAnd Baltic Exchange: Update On Proposed Acquisition
Singapore Exchange Limited (SGX) and The Baltic Exchange Limited (Baltic Exchange) are pleased to announce that they have agreed on the terms for a recommended offer by SGX for the entire issued share...
View ArticleCommerzbank Releases Major New Study On Sub-Saharan Africa
Commerzbank has produced a new in-depth report on the economies of Sub-Saharan Africa. The study, 'Sub-Saharan Africa: Tackling the headwinds after the economic turnaround', offers a macroeconomic...
View ArticleLondon Metal Exchange: Temporary Closure Of 10 Finsbury Square
The LME has been informed by the building manager that, following the issue identified on 16th July, 2016, repairs are on schedule to be completed by 22nd August.
View ArticleThomson Reuters Launches First Asia Apps On Eikon Via App Studio - New Apps...
Thomson Reuters has launched its first two Asia apps on Eikon via App Studio in partnership with FinTech startups Amareos and Oddup. This marks the first time that any Asia-based third-party developer...
View ArticleAbu Dhabi Global Market Establishes Regulatory Collaboration To Enhance...
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and the Dubai Financial Services Authority (DFSA) today signed a Memorandum of Understanding (MoU) to strengthen...
View ArticleThai Bourse To Host “Thailand Focus 2016” Focusing National...
The Stock Exchange of Thailand (SET), together with Phatra Securities pcl and Bank of America Merrill Lynch, will hold "Thailand Focus 2016" during August 31- September 2, 2016 at the Grand Hyatt...
View ArticleClik here to view.
Hong Kong's Securities And Futures Commission Suspends Ku Yuen Leung For 18...
The Securities and Futures Commission (SFC) has suspended the licence of Mr Ku Yuen Leung, an account executive of BOCOM International Securities Limited (BOCOM), for 18 months from 23 August 2016 to...
View ArticleSGX Proposes More Targeted MTP Watch-List Criteria With Market Capitalisation...
Singapore Exchange (SGX) is proposing to make the entry criteria for the minimum trading price (MTP) watch-list more targeted with the addition of a market capitalisation test. SGX has reviewed the...
View Article