Rethinking Deindustrialization -- by Andrew B. Bernard, Valerie Smeets,...
Manufacturing in high-income countries is on the decline and Denmark is no exception. Manufacturing employment and the number of firms have been shrinking as a share of the total and in absolute...
View ArticleField Experiments in Markets -- by Omar Al-Ubaydli, John A. List
This is a review of the literature of field experimental studies of markets. The main results covered by the review are as follows: (1) Generally speaking, markets organize the efficient exchange of...
View ArticleInteractions Between Family and School Environments: Evidence on Dynamic...
This paper explores whether conditions during early childhood affect the productivity of later human capital investments. We use Romanian administrative data to ask if the benefit of access to better...
View ArticleThe Billion Prices Project: Using Online Prices for Measurement and Research...
New data-gathering techniques, often referred to as "Big Data" have the potential to improve statistics and empirical research in economics. In this paper we describe our work with online data at the...
View ArticleMAS And ABS To Hold Conference To Drive FinTech Innovation
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) will be holding a two-day conference to pave the way for financial technology (FinTech) innovation in...
View ArticleTMX Group CEO To Speak At Toronto Region Board Of Trade
Lou Eccleston, Chief Executive Officer, TMX Group will this week provide a luncheon address to the Toronto Region Board of Trade as part of the International Finance Series. Presented by Scotiabank,...
View ArticleBats To Provide Market And Trade Data To Money.Net - Fast-Growing, Financial...
Bats Global Markets (Bats), a leading global operator of exchanges and services for financial markets, today announced that it is now providing real-time stock quote and trade information via the Bats...
View ArticleCFTC Approves A Final Rule Providing An Alternative To Fingerprinting For...
The U.S. Commodity Futures Trading Commission (CFTC) announced today that it approved a final rule adding an alternative for foreign natural persons to the requirement to provide fingerprints when...
View ArticleWeekly Top 5 Papers â March 25, 2016
1. Understanding Modern Portfolio Construction by Cullen Roche (Orcam Financial Group)read more...
View ArticleFinomial Delivers Comprehensive Solution For OECD CRS
Finomial Corporation today announced the launch of a comprehensive and automated online investor services and tax reporting platform. This software enables financial institutions to meet the compliance...
View ArticleOCC Comment Letter On SEC Fund Use Of Derivatives Proposal
OCC, on behalf of the U.S. Securities Markets Coalition, submitted a letter to the U.S. Securities and Exchange Commission (SEC) on the Commission’s proposal regarding the use of derivatives by...
View ArticleModelling income, wealth, and expenditure data by use of Econophysics....
In the present paper, we identify several distributions from Physics and study their applicability to phenomena such as distribution of income, wealth, and expenditure. Firstly, we apply logistic...
View ArticleThe unresolved mystery of the great divergence is solved. (arXiv:1603.08344v1...
The so-called great divergence in the income per capita is described in the Unified Growth Theory as one of the mind-boggling and unresolved mysteries about the growth process. This mystery has now...
View ArticleInterest Rates and Inflation. (arXiv:1603.08311v1 [q-fin.EC])
This article is an extension of the work of one of us (Coopersmith, 2011) in deriving the relationship between certain interest rates and the inflation rate of a two component economic system. We use...
View ArticlePricing variance swaps in a hybrid model of stochastic volatility and...
In this paper, we consider the problem of pricing discretely-sampled variance swaps based on a hybrid model of stochastic volatility and stochastic interest rate with regime-switching. Our modelling...
View ArticleTrading Strategies Generated by Lyapunov Functions. (arXiv:1603.08245v1...
Functional portfolio generation, initiated by E.R. Fernholz almost twenty years ago, is a methodology for constructing trading strategies with controlled behavior. It is based on very weak and...
View ArticleA Flexible Galerkin Scheme for Option Pricing in L\'evy Models....
One popular approach to option pricing in L\'evy models is through solving the related partial integro differential equation (PIDE). For the numerical solution of such equations powerful Galerkin...
View ArticleRobust Optimization of Credit Portfolios. (arXiv:1603.08169v1 [q-fin.PM])
We introduce a dynamic credit portfolio framework where optimal investment strategies are robust against misspecifications of the reference credit model. The risk-averse investor models his fear of...
View ArticleConjoint axiomatization of the Choquet integral for heterogeneous product...
We propose an axiomatization of the Choquet integral model for the general case of a heterogeneous product set $X = X_1 \times \ldots \times X_n$. In MCDA elements of $X$ are interpreted as...
View ArticleGPU Computing in Bayesian Inference of Realized Stochastic Volatility Model....
The realized stochastic volatility (RSV) model that utilizes the realized volatility as additional information has been proposed to infer volatility of financial time series. We consider the Bayesian...
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