HKEX To Introduce Futures On 7 Stock Sectors
Hong Kong Exchanges and Clearing Limited (HKEX) will introduce futures contracts on seven sectors of its stock market on Monday, 9 May 2016 to expand its well-established equity derivatives business...
View ArticleCESC Announces A Gaming Index And Licenses HKEX To Offer Futures On The Index
China Exchanges Services Company Limited (CESC) today (Monday) announced it will launch its first sector index, the CES Gaming Top 10 Index (CES G10) soon, and it has licensed Hong Kong Exchanges and...
View ArticleHKEX: Report On Initial Public Offering Applications, Delisting And Suspensions
(As at 29 February 2016)read more...
View ArticleEuropean Commission: Restoring Trust In Transatlantic Data Flows Through...
The European Commission today issued the legal texts that will put in place the EU-U.S. Privacy Shield and a Communication summarising the actions taken over the last years to restore trust in...
View ArticleRegulators will not apply bonus cap to smaller financial firms
Smaller UK banks and investment firms will not have to abide by EU bonus cap rules – FCA and PRA https://t.co/KNwsVjP2TL — moneyscience (@moneyscience)…
View Article1,000th Primary Auction Of Emission Allowances At EEX
The European Energy Exchange (EEX) has today successfully conducted its 1,000thprimary auction of emission allowances. “EEX has established itself as the central and reliable partner for auctions of...
View ArticleDeutsche Boerse and LSE try to create Brexit hedge
Deutsche Boerse and LSE try to create Brexit hedge https://t.co/lCJiMxSDvN — moneyscience (@moneyscience) February 29, 2016
View ArticleBNP Paribas Investment Partners Appoints Head Of Emerging Market Fixed Income
BNP Paribas Investment Partners announces the appointment of L. Bryan Carter as Head of Emerging Market Fixed Income. He will be based in London and will report to Dominick DeAlto, Chief Investment...
View ArticleEconomic Conditions, Illicit Drug Use, and Substance Use Disorders in the...
We provide the first analysis of the relationship between economic conditions and the use of illicit drugs other than marijuana. Drawing on US data from 2002-2013, we find mixed evidence with regard to...
View ArticleThe Market for Financial Adviser Misconduct -- by Mark Egan, Gregor Matvos,...
We construct a novel database containing the universe of financial advisers in the United States from 2005 to 2015, representing approximately 10% of employment of the finance and insurance sector....
View ArticleThe Long Run Effects of Labor Migration on Human Capital Formation in...
We provide new evidence of one channel through which circular labor migration has long run effects on origin communities: by raising completed human capital of the next generation. We estimate the net...
View ArticleCan Fixed-Term Contracts Put Low Skilled Youth on a Better Career Path?...
By reducing the commitment made by employers, fixed-term contracts can help low-skilled youth find a first job. However, the long-term impact of fixed-term contracts on these workers' careers may be...
View ArticleThe Social Value of Financial Expertise -- by Pablo Kurlat
I study expertise acquisition in a model of trading under asymmetric information. I propose and implement a method to estimate the ratio of social to private marginal value of expertise. This can be...
View ArticleGlobalization and Political Structure -- by Gino Gancia, Giacomo A.M....
The first wave of globalization (1830-1914) was accompanied by a decline in the number of countries from 125 to 54. The second wave of globalization (1950-present) has led instead to an increase in the...
View ArticleExcess Volatility: Beyond Discount Rates -- by Stefano Giglio, Bryan Kelly
We document a form of excess volatility that is irreconcilable with standard models of prices, even after accounting for variation in discount rates. We compare prices of claims on the same cash flow...
View ArticleSafe Asset Scarcity and Aggregate Demand -- by Ricardo J. Caballero, Emmanuel...
We explore the consequences of safe asset scarcity on aggregate demand in a stylized IS-LM/Mundell Fleming environment. Acute safe asset scarcity forces the economy into a "safety trap" recession. In...
View ArticleThe Demand for Diversification in Incomplete Markets -- by Rajnish Mehra,...
Endogenous diversification in a market with incomplete information generates a state-dependent premium for bearing idiosyncratic risk because time series variation in average idiosyncratic risk affects...
View ArticleSocial Norms, Labor Market Opportunities, and the Marriage Gap for Skilled...
In most of the developed world, skilled women marry at a lower rate than unskilled women. We document heterogeneity across countries in how the marriage gap for skilled women has evolved over time. As...
View ArticleField Experiments on Discrimination -- by Marianne Bertrand, Esther Duflo
This article reviews the existing field experimentation literature on the prevalence of discrimination, the consequences of such discrimination, and possible approaches to undermine it. We highlight...
View ArticleAre Expectations Alone Enough? Estimating the Effect of a Mandatory...
This paper examines the impacts of the Michigan Merit Curriculum, a statewide college preparatory curriculum that applies to the high school graduating class of 2008 and later. We use a student,...
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