Treasury Announces Key Regulations And Legislation to Counter Money...
Today, the U.S. Department of the Treasury announced several actions to strengthen financial transparency and combat the misuse of companies to engage in illicit activities. Treasury announced a...
View ArticleTOM MTF Statistics Week 18, 2016
Click here to download the weekly statistics update of TOM MTF for week 18, 2016. In week 18 a total of 317,352 equity and index option contracts were traded resulting in a TOM MTF market share versus...
View ArticleNigerian Stock Exchange Weekly Report For Week Ending 6 May 2016
It was a four-day trading week as the Federal Government of Nigeria declared Monday 2nd May, 2016 as Public Holiday to mark the 2016 Workers' Day Celebration.read more...
View ArticleFSB Regional Consultative Group For Europe - Meeting 6 May 2016
Today, the Financial Stability Board (FSB) hosted in Basel, the tenth meeting of the FSB Regional Consultative Group for Europe (RCG Europe) under the co-chairmanship of Anne Le Lorier, First Deputy...
View ArticleSEC: Financial Adviser Defrauded Pro Athletes And Lied To SEC Examiners
The Securities and Exchange Commission today announced fraud charges against a Pittsburgh, Pa.-based financial adviser accused of taking money without permission from the accounts of several...
View ArticleUsing Big Data to Create Better Presentations
Matt Abrahams has written a good article for Stanford Business School's Insights website. He describes the research conducted by Noah Zandan, founder and CEO of Quantified Communications. Zandan's...
View ArticleNon-durable Consumption and Housing Net Worth in the Great Recession:...
In an influential paper, Mian, Rao and Sufi (2013) exploit geographic variation in housing supply elasticities to measure the effect of changes in the housing share of net worth on total household...
View ArticleDemocracy for Polarized Committees: The Tale of Blotto's Lieutenants -- by...
In polarized committees, majority voting disenfranchises the minority. Allowing voters to spend freely a fixed budget of votes over multiple issues restores some minority power. However, it also...
View ArticleMacroeconomics of Persistent Slumps -- by Robert E. Hall
In modern economies, sharp increases in unemployment from major adverse shocks result in long periods of abnormal unemployment and low output. This chapter investigates the processes that account for...
View ArticleFamily Ruptures, Stress, and the Mental Health of the Next Generation -- by...
This paper studies how in utero exposure to maternal stress from family ruptures affects later mental health. We find that prenatal exposure to the death of a maternal relative increases take-up of...
View ArticlePricing Assets in an Economy with Two Types of People -- by Roger E.A. Farmer
This paper constructs a general equilibrium model with two types of people where asset price fluctuations are caused by random shocks to the price level that reallocate consumption across generations....
View ArticleParental Responses to Child Support Obligations: Evidence from Administrative...
We leverage non-linearities in Danish child support guidelines and rich administrative data to provide causal estimates of parental behavioral responses to child support obligations. We estimate that a...
View ArticleWhat Do Test Scores Miss? The Importance of Teacher Effects on Non-Test Score...
This paper extends the traditional test-score value-added model of teacher quality to allow for the possibility that teachers affect a variety of student outcomes through their effects on both...
View ArticleIdentifying Ambiguity Shocks in Business Cycle Models Using Survey Data -- by...
We develop a framework to analyze economies with agents facing time-varying concerns for model misspecification. These concerns lead agents to interpret economic outcomes and make decisions through the...
View ArticleOptimal Capital Controls and Real Exchange Rate Policies: A Pecuniary...
A new theoretical literature studies the use of capital controls to prevent financial crises in models in which pecuniary externalities justify government intervention. Within the same theoretical...
View ArticleDeposit Insurance: Theories and Facts -- by Charles W. Calomiris, Matthew...
Economic theories posit that bank liability insurance is designed as serving the public interest by mitigating systemic risk in the banking system through liquidity risk reduction. Political theories...
View ArticleThe Effect of Single-Sex Education on Academic Outcomes and Crime: Fresh...
In 2010, the Ministry of Education in Trinidad and Tobago converted 20 low-performing pilot secondary schools from coed to single-sex. I exploit these conversions to identify the causal effect of...
View ArticleCompulsory Voting, Turnout, and Government Spending: Evidence from Austria --...
We study a unique quasi-experiment in Austria, where compulsory voting laws are changed across Austria's nine states at different times. Analyzing state and national elections from 1949-2010, we show...
View ArticleOpen Access as a Crude Solution to a Hold-up Problem in the Two-Sided Market...
The move from traditional to open-access journals--which charge no subscription fees, only submission fees--is gaining support in academia. We analyze a two-sided-market model in which journals cannot...
View ArticleCommunication in Vertical Markets: Experimental Evidence -- by Claudia...
When an upstream monopolist supplies several competing downstream firms, it may fail to monopolize the market because it is unable to commit not to behave opportunistically. We build on previous...
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