Looking in the Rearview Mirror: The Effect of Managers' Professional...
We track the employment history of over 9,000 managers to study the effects of professional experiences on corporate policies. Our identification strategy exploits exogenous CEO turnovers and...
View ArticlePolicy Uncertainty and Corporate Investment
Using a news-based index of policy uncertainty, we document a strong negative relationship between firm-level capital investment and the aggregate level of uncertainty associated with future policy and...
View ArticleUnited States (U.S.) â European Union (EU) Financial Markets Regulatory...
U.S. and EU participants in the Financial Markets Regulatory Dialogue (FMRD) met on February 3, 2016 in Washington, D.C. to exchange views on financial regulatory developments as part of their ongoing...
View ArticleSEC Affirmation Of OCC Capital Plan Strengthens Clearing Organization's...
OCC, the world's largest equity derivatives clearing organization, today applauded the announcement by the U.S. Securities and Exchange Commission (SEC) that, following an independent review of the...
View ArticleFederal Reserve Announces TDF Test Operation
The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility (TDF) with one operation in February. These operations are aimed at ensuring the operational...
View ArticleFEDS 2016-009: The Risky Steady State and the Interest Rate Lower Bound
Timothy S. Hills, Taisuke Nakata, and Sebastian Schmidt | Even when the policy rate is currently not constrained by its effective lower bound (ELB), the possibility that the policy rate will become...
View ArticleBetter Finance: Stop The Wipe-Out Of Slovenian Bank Bonds, Mis-Sold To Investors
In December 2013 the subordinated bondholders in five Slovenian banks (NLB, NKBM, Abanka, Probanka and Factor Banka) were bailed-in to refinance these struggling institutions. Subordinated bonds in a...
View ArticleFEDS 2016-010: On the Effect of Student Loans on Access to Homeownership
Alvaro A. Mezza, Daniel R. Ringo, Shane M. Sherlund, and Kamila Sommer | This paper estimates the effect of student loan debt on subsequent homeownership in a uniquely constructed administrative data...
View ArticleFEDS 2016-011: Measuring the Natural Rate of Interest Redux
Thomas T. Laubach and John C. Williams | Persistently low real interest rates have prompted the question whether low interest rates are here to stay. This essay assesses the empirical evidence...
View ArticleCFTC Designates The National Futures Association As A Recipient Of SDR Data
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order authorizing the National Futures Association (NFA), the only registered futures association (RFA) registered with the CFTC, to...
View Article£2.9 Million To Be Returned To Investors Following UK Financial...
Southwark Crown Court today ordered almost £2.65 million to be returned to investors who had invested in a fraudulent collective scheme established and operated by Alex Hope. In addition, Mr Hope was...
View ArticleNigerian Stock Exchange Weekly Market Report - Week Ending 12 February 2016
A turnover of 1.407 billion shares worth N17.277 billion in 14,914 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 5.087 billion shares valued at N18.488...
View ArticleTOM MTF Statistics Week 6, 2016
Click here to download the weekly statistics update of TOM MTF for week 6, 2016. In week 6 a total of 658,245 equity and index option contracts were traded resulting in a TOM MTF market share versus...
View ArticleNasdaq To Acquire Marketwired - Acquisition Expected To Significantly Enhance...
Nasdaq, Inc. (Nasdaq:NDAQ) today announced that it has entered into a definitive agreement to acquire Marketwired, a leading global provider of news distribution services and analytics for...
View ArticleClimate Awareness Bond Hits 100th Green Bond Listing On LuxSE
Today, the European Investment Bank (EIB), the development institution owned by the EU Member States, increased the 0.500% Climate Awareness Bond (CAB) 11/2026 to EUR 1.5bn, now the largest Green Bond...
View ArticleHey Joe, Banks Canât Lend Out Reserves
I began another post critical of Joe Stiglitzâs analysis with the caveat that I like Joe. Iâll add to that that I respect his intellect too, both because heâs very brightâyou donât win a...
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