Do Savings Increase in Response to Salient Information about Retirement and...
How can retirement savings be increased? We explore a unique policy change in the context of the German pension system to study this question. As of 2004, the German pension authority started to send...
View ArticleHope as Aspirations, Agency, and Pathways: Poverty Dynamics and Microfinance...
Work in positive psychology decomposes hope into aspirations, agency, and pathways. Operating in the context of an economic model developed with this framework, we review the literature on hope from...
View ArticleDo Grandparents and Great-Grandparents Matter? Multigenerational Mobility in...
Studies of US intergenerational mobility focus almost exclusively on the transmission of (dis)advantage from parents to children. Until very recently, the influence of earlier generations could not be...
View ArticleNasdaq Nordic And Baltic Markets: Trading Statistics September 2016
Nasdaq (Nasdaq:NDAQ) today publishes monthly trade statistics for the Nordic1 and Baltic2 markets. Below follows a summary of the statistics for September 2016:read more...
View ArticleQatar Stock Exchange Is Ready To Commence Margin Trading Activity As Of...
Qatar Stock Exchange (QSE) has announced that it will implement, as of Wednesday October 5th 2016, the decision of the Qatar Financial Markets Authority (QFMA), by which the Group Securities, which is...
View ArticleAxioma Releases Latest Versions Of Axioma Portfolio Analytics™ And Risk...
Axioma, a provider of innovative risk and portfolio management solutions, today released updated versions of Axioma Portfolio Analytics™ (“APA”) and Risk Model Machine™ (“RMM”). These enhancements...
View ArticleAutorité Des Marchés Financiers Announces Members Of Mining...
The Autorité des marchés financiers (the “AMF”) has announced the members of its Mining Advisory Committee.read more...
View ArticleExponential utility maximization under model uncertainty for unbounded...
We consider the robust exponential utility maximization problem in discrete time: An investor maximizes the worst case expected exponential utility with respect to a family of non-dominated...
View ArticleInventory growth cycles with debt-financed investment. (arXiv:1610.00955v1...
We propose a continuous-time stock-flow consistent model for inventory dynamics in an economy with firms, banks, and households. On the supply side, firms decide on production based on adaptive...
View ArticleSharpe portfolio using a cross-efficiency evaluation. (arXiv:1610.00937v1...
The Sharpe ratio is a way to compare the excess returns (over the risk free asset) of portfolios for each unit of volatility that is generated by a portfolio. In this paper we introduce a robust Sharpe...
View ArticleThe Long Bond, Long Forward Measure and Long-Term Factorization in...
This paper proves existence of the long bond, long forward measure and long-term factorization of the stochastic discount factor (SDF) of Alvarez and Jermann (2005) and Hansen and Scheinkman (2009) in...
View ArticleA hybrid approach to assess systemic risk in financial networks....
We propose a credit risk approach in which financial institutions, modelled as a portfolio of risky assets characterized by a probability of default and a correlation matrix, are the nodes of a network...
View ArticleLong-Term Factorization of Affine Pricing Kernels. (arXiv:1610.00778v1...
This paper constructs and studies the long-term factorization of affine pricing kernels into discounting at the rate of return on the long bond and the martingale component that accomplishes the change...
View ArticleGreat Advice For Writing Cover Letters
You are applying for that job you would really love to nab. You have created a strong resume. Now comes the cover letter. What should it say? How should you communicate your skills and experiences in...
View ArticleASIC Remakes And Repeals 'Sunsetting' Class Orders On Markets And Securities
ASIC has remade ten legislative instruments and repealed three that are due to expire ('sunset') in 2016 and 2017, following public consultation.read more...
View ArticleNew Zealand's Financial Markets Authority2016 KiwiSaver Report Shows Growth...
Total money in KiwiSaver funds continues to grow, but at a much slower pace than the previous two years as both returns and numbers of new members decline.read more...
View Article20 Years Of NZ’s Wholesale Electricity Market Celebrated
On behalf of the broader electricity industry, the Electricity Authority and NZX are this month marking 20 years since the launch of New Zealand’s wholesale electricity market in 1996.read more...
View ArticleNZX September 2016 Shareholder Metrics
Please find attached shareholder metrics for September 2016.read more...
View ArticleEEX New Participant: Vattenfall Europe Generation AG
Vattenfall Europe Generation AG has been admitted to exchange trading for Spot Contracts on Emission Rights (Secondary Market), Futures on Emission Rights, Phelix Futures/Options, Nordic Financial...
View ArticleICE Data Services Launches Best Execution For Fixed Income In EMEA
Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced ICE Data Services has expanded coverage for...
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