ICAP To Become Official Title Sponsor Of LâEtape London By Le Tour De...
Human Race, the UK’s leading event organiser, announces that ICAP, a leading markets operator and provider of post-trade risk mitigation and information services, is to become Official Title Sponsor of...
View ArticleWarsaw Stock Exchange - Investor Activity On GPW Markets: March 2016
The value of trade in equities on the Electronic Order Book on the Main Market was PLN 16.7 billion in March 2016, representing a decrease of 13.4% year on year. The total value of trade in equities...
View ArticlePeregrine Guernsey Limited Appoints Northern Trust For Global Custody And...
Peregrine Guernsey Limited has appointed Northern Trust (Nasdaq: NTRS) to provide global custody and fund administration services for approximately US$725 million in assets.read more...
View ArticleCME Group Appoints Paul Houston As Global Head Of FX
CME Group, the world's leading and most diverse derivatives marketplace, today announced the appointment of Paul Houston as Executive Director, Global Head of FX.read more...
View ArticleACER Publishes Updated Q&As On REMIT And Additional Faqs On Transaction...
On 24 and 31 March 2016 ACERÂ provided additional guidance on data collection under the EU Regulation on wholesale energy market integrity and transparency (REMIT), in particular having regard to the...
View ArticleLjubljana Stock Exchange: Monthly Statistical Report March 2016
Click here to download comprehensive monthly statistics of the Ljubljana Stock Exchange for March 2016.Â
View ArticleThe Listed Companies In Abu Dhabi Securities Exchange Achieve A 92.3%...
Abu Dhabi Securities Exchange announced that the disclosure percentage of its listed companies has reached 92.3% with respect to disclosure of annual financial results for the year 2015. The companies...
View ArticleFinancial Dampening -- by Johannes F. Wieland, Mu-Jeung Yang
We propose a novel mechanism, "financial dampening," whereby loan retrenchment by banks attenuates the effectiveness of monetary policy. The theory unifies an endogenous supply of illiquid local loans...
View ArticleSupply-Side Policies in the Depression: Evidence from France -- by Jeremie...
The effects of supply-side policies in depressed economies are controversial. We shed light on this debate using evidence from France in the 1930s. In 1936, France departed from the gold standard and...
View ArticleOptimal Reserves in Financially Closed Economies -- by Olivier Jeanne,...
Financially closed economies insure themselves against current-account shocks using international reserves. We characterize the optimal management of reserves using an open-economy model of...
View ArticlePreferential Trade Agreements -- by Nuno Limao
A large and growing number of countries participate in multiple preferential trade agreements (PTAs), which increasingly entail broad cooperation over policies extending far beyond trade barriers. I...
View ArticleThe Inclusive Cost of Pandemic Influenza Risk -- by Victoria Y. Fan, Dean T....
Estimates of the long-term annual cost of global warming lie in the range of 0.2-2% of global income. This high cost has generated widespread political concern and commitment as manifested in the Paris...
View ArticleAnimal Spirits in a Monetary Model -- by Roger E.A. Farmer, Konstantin Platonov
We integrate Keynesian economics with general equilibrium theory in a new way. Our approach differs from the prevailing New Keynesian paradigm in two ways. First, our model displays steady state...
View ArticleThe Theory of Unconventional Monetary Policy -- by Roger Farmer, Pawel Zabczyk
This paper is about the effectiveness of qualitative easing, a form of unconventional monetary policy that changes the risk composition of the central bank balance sheet with the goal of stabilizing...
View ArticleRethinking Performance Evaluation -- by Campbell R. Harvey, Yan Liu
We show that the standard equation-by-equation OLS used in performance evaluation ignores information in the alpha population and leads to severely biased estimates for the alpha population. We propose...
View ArticleOn the Optimal Inflation Rate -- by Markus K. Brunnermeier, Yuliy Sannikov
In our incomplete markets economy financial frictions affect the optimal inflation target. Households choose portfolios consisting of risky (uninsurable) capital and money. Money is a bubbly store of...
View ArticleGovernment Old-Age Support and Labor Supply: Evidence from the Old Age...
Many major government programs transfer resources to older people and implicitly or explicitly tax their labor. In this paper, we shed new light on the labor supply effects of such programs by...
View ArticleClans, Guilds, and Markets: Apprenticeship Institutions and Growth in the...
In the centuries leading up to the Industrial Revolution, Western Europe gradually pulled ahead of other world regions in terms of technological creativity, population growth, and income per capita. We...
View ArticleThe Production of Human Capital in Developed Countries: Evidence from 196...
Randomized field experiments designed to better understand the production of human capital have increased exponentially over the past several decades. This chapter summarizes what we have learned about...
View ArticleThe Discounted Euler Equation: A Note -- by Alisdair McKay, Emi Nakamura, Jon...
We present a simple model with unemployment risk and borrowing constraints which yields a "discounted Euler equation." This feature of the model mutes the extent to which news about far future real...
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