Credit Expansion and Neglected Crash Risk -- by Matthew Baron, Wei Xiong
By analyzing 20 developed countries over 1920-2012, we find the following evidence of overoptimism and neglect of crash risk by bank equity investors during credit expansions: 1) bank credit expansion...
View ArticleSelf-Fulfilling Debt Crises: A Quantitative Analysis -- by Luigi Bocola,...
This paper uses the information contained in the joint dynamics of government's debt maturity choices and interest rate spreads to quantify the importance of self-fulfilling expectations in sovereign...
View ArticleThe Evolution of U.S. Monetary Policy: 2000 - 2007 -- by Michael T. Belongia,...
A vector autoregression with time-varying parameters is used to characterize changes in Federal Reserve policy that occurred from 2000 through 2007 and describe how they affected the performance of the...
View ArticleStealing Deposits: Deposit Insurance, Risk-Taking and the Removal of Market...
Deposit insurance reduces liquidity risk but it also can increase insolvency risk by encouraging reckless behavior. A handful of U.S. states installed deposit insurance laws before the creation of the...
View ArticleThe Formation of Consumer Brand Preferences -- by Bart J. Bronnenberg,...
Brands and brand capital have long been theorized to play an important role in the formation of the industrial market structure of consumer goods industries. We summarize several striking empirical...
View ArticleEconomic Conditions and Mortality: Evidence from 200 Years of Data -- by...
Using data covering over 100 birth-cohorts in 32 countries, we examine the short- and long-term effects of economic conditions on mortality. We find that small, but not large, booms increase...
View ArticleThe Impact of Medical Marijuana Laws on the Labor Supply and Health of Older...
We study the effect of state medical marijuana laws (MMLs) on labor supply and health outcomes among older adults; the demographic group with the highest rates of many chronic conditions for which...
View ArticleThe Impact of Intergenerational Transfers on Household Wealth Inequality in...
To help shed light on the implications of intergenerational transfers for wealth inequality, this paper examines whether or not individuals who receive intergenerational transfers from their parents...
View ArticleBorrowing Requirements, Credit Access, and Adverse Selection: Evidence from...
We examine the potential of asset-collateralized loans in low-income country credit markets. When a Kenyan dairy cooperative exogenously replaced high down payments and joint liability requirements...
View ArticleUnited Kingdom Parliament Treasury Committee Update: Chair Responds To...
The Treasury Committee Chair, Rt Hon. Andrew Tyrie MP, responds to the Chancellor's speech at the Conservative Party Conference. read more...
View ArticleCME Group Reached Average Daily Volume Of 15 Million Contracts Per Day In...
CME Group, the world's leading and most diverse derivatives marketplace, today announced that September 2016 average daily volume (ADV) reached 15 million contracts per day, up 6 percent from September...
View ArticleITG Completes TCA Integration with FX Connect
Combines FX Counterparty Management with Best Execution Measurement NEW YORK, Oct. 04, 2016 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG), a leading independent broker and financial technology provider, and FX...
View ArticleMeeting the Challenge of Hospital Acquired Infections
Nosocomial or healthcare-associated infections (HAIs) can be contracted by patients while receiving medical treatment in healthcare facilities. These infections are a major yet often preventable threat...
View ArticleFallen Angels - do downgraded bonds offer an opportunity for investment?
The Centre for Asset Management Research at Cass Business School, City, University of London in cooperation with Invesco Powershares has launched a white paper which looks at the investment potential...
View ArticleTSX Company Services Announces Agreement With Ipreo - Market Open Ceremony...
TSX Company Services today announced an agreement with Ipreo, a leading global provider of financial services technology, data and analytics. TSX Company Services has teamed up with Ipreo to offer...
View ArticleEurex Trading Statistics In September 2016
The investment behaviour of the buy side is undergoing structural changes. Passive products like Exchange Traded Funds (ETF) are gaining momentum. This changes the investment behaviour on the...
View ArticleMoscow Exchange Indices Monthly Review: September 2016
In September, Moscow Exchange"s Indices reflected the positive trend on the Russian stock market. The MICEX Index was up 0.33% to 1,978.00 (from 1,971.59 on 31 August), while the dollar-denominated RTS...
View ArticleESMA Reports On Shadow Banking, Leverage And Pro-Cyclicality
The European Securities and Markets Authority (ESMA) has issued today a report on securities financing transactions (SFTs), leverage and pro-cyclicality in the EU’s financial markets. ESMA’s report...
View ArticleAdvancing Innovation Roundtable Takes Shape - Investment Community Leaders...
TMX Group today announced the members of the Advancing Innovation Roundtable, which include prominent senior executives from the investment and capital formation communities in Canada. Announced in...
View ArticlePurdue/CME Group Ag Economy Barometer: Producer Sentiment Moderates,...
Farmer sentiment toward the agricultural economy improved slightly in September as fall harvest kicked off, according to the latest reading of the Purdue/CME Group Ag Economy Barometer.read more...
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