University Innovation and the Professor's Privilege -- by Hans K. Hvide,...
National policies take varied approaches to encouraging university-based innovation. This paper studies a natural experiment: the end of the "professor's privilege" in Norway, where university...
View ArticleA Market Based Solution for Fire Sales and Other Pecuniary Externalities --...
We show how bundling, exclusivity and additional markets internalize fire sale and other pecuniary externalities. Ex ante competition can achieve a constrained efficient allocation. The solution can be...
View ArticleThe Limits of Propaganda: Evidence from Chavez's Venezuela -- by Brian...
In this paper, we investigate viewer responses to changes in the ideological content of television programming using variation induced by cadenas, unannounced takeovers of the public television...
View ArticleTeacher Applicant Hiring and Teacher Performance: Evidence from DC Public...
Selecting more effective teachers among job applicants during the hiring process could be a highly cost-effective means of improving educational quality, but there is little research that links...
View ArticleLiquidity Requirements, Liquidity Choice and Financial Stability -- by...
We study a modification of the Diamond and Dybvig (1983) model in which the bank may hold a liquid asset, some depositors see sunspots that could lead them to run, and all depositors have incomplete...
View ArticleEffects of Welfare Reform on Women's Voting Participation -- by Dhaval M....
Voting is an important form of civic participation in democratic societies but a fundamental right that many citizens do not exercise. This study investigates the effects of welfare reform in the U.S....
View ArticleKeynote Remarks of Chairman Timothy Massad before the Institute of...
Keynote Remarks of Chairman Timothy Massad before the Institute of International Bankers Annual Washington Conference
View ArticleSWIFT And The Canadian Payments Association Examine Canadaâs Adoption...
SWIFT and the Canadian Payments Association (CPA) announce the release of a new information paper that outlines the adoption approach for ISO 20022 within the Canadian payments landscape.read more...
View ArticleCourt or Department of Labor Oversight Required for Fair Labor Standards Act...
Laws involving the Fair Labor Standards Act (FLSA) are constantly evolving. It may be difficult for employers to stay abreast of all these changes and ultimately resolve lawsuits that arise.read more...
View ArticleUS T+2 ISC Recommends Move To Shorter Settlement Cycle On September 5, 2017
The U.S. T+2 Industry Steering Committee (T+2 ISC), organized by The Depository Trust & Clearing Corporation (DTCC) and co-chaired by the Securities Industry and Financial Markets Association...
View Article07Mar/Financial intermediation and monetary policy transmission in EMEs: What...
In contrast to the benign neglect of the financial system in traditional monetary models, there has been growing evidence in recent years that the size and the structure of financial intermediation...
View Article07Mar/When pegging ties your hands
Could a less conservative central bank - one that faces a more severe time inconsistency problem - be less likely to succumb to an attack on a currency peg? Traditional currency-crisis models provide a...
View Article07Mar/Moving in tandem: bank provisioning in emerging market economies
We study the determinants of loan loss provisions and delinquency ratios based on the balance sheets of 554 banks from emerging market economies (EMEs). We find that provisions in EME banks respond...
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Two Percent of US Employees Go to Work Each Week Despite Being Sick
Each week, up to three million US employees go to work sick, with roughly half of these incidents due to a lack of paid leave coverage. The findings come from an analysis of information from the 2011...
View ArticleCME Group Announces New Managing Director Roles
CME Group, the world's leading and most diverse derivatives marketplace, today announced the following Managing Director promotions, which were effective in February.read more...
View ArticleKeynote Remarks Of CFTC Chairman Timothy Massad Before The Institute Of...
Thank you, Roger, for that kind introduction. And congratulations on this, the IIB’s 50th anniversary. The IIB has been an active participant in many of our issues for some time. We always appreciate...
View ArticleU.S. Department Of The Treasury: Remarks By Under Secretary Nathan Sheets At...
Thank you for inviting me here today. I returned last week from the G-20 meeting where most of the headlines focused on the macroeconomic issues facing the global economy. But today I would like to...
View ArticleCISI Creates New Head Of Financial Planning Position To Support The...
The Chartered Institute for Securities & Investment (CISI) is seeking a Head of Financial Planning as it accelerates its drive to grow the profession in the UK.read more...
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