FESE Announces The Winner Of The Josseph De La Vega Prize 2016
The Federation of European Securities Exchanges (FESE) is delighted to announce that this year's winners of the De la Vega Prize 2016 areMarlene D. Haas and Marius A. Zoican for their paper "Discrete...
View ArticleAre State and Time Dependent Models Really Different? -- by Fernando E....
Yes, but only for large monetary shocks. In particular, we show that in a broad class of models where shocks have continuous paths, the propagation of a monetary impulse is independent of the nature of...
View ArticleDo Credit Card Companies Screen for Behavioral Biases? -- by Hong Ru,...
We look at the supply side of the credit card market to analyze the pricing and marketing strategies of credit card offers. First, we show that card issuers target less-educated customers with more...
View ArticleOptimal Automatic Stabilizers -- by Alisdair McKay, Ricardo Reis
Should the generosity of unemployment benefits and the progressivity of income taxes depend on the presence of business cycles? This paper proposes a tractable model where there is a role for social...
View ArticleNew Innovations in Payments -- by Marc Rysman, Scott Schuh
We discuss prospects for innovation in consumer payment instruments. We discuss recent research into consumer payments and what can be learned about consumer behavior towards new payment options. We...
View ArticleConsumption Network Effects -- by Giacomo De Giorgi, Anders Frederiksen,...
In this paper we study consumption network effects. Does the consumption of our peers affect our own consumption? How large is such effect? What are the economic mechanisms behind it? We use long panel...
View ArticleThe Staying Power of Staggered Wage and Price Setting Models in...
After many years, many critiques, and many variations, the staggered wage and price setting model is still the most common method of incorporating nominal rigidities into empirical macroeconomic models...
View ArticleEquity is Cheap for Large Financial Institutions: The International Evidence...
Equity is a cheap source of funding for a country's largest financial institutions. In a large panel of 31 countries, we find that the stocks of a country's largest financial companies earn returns...
View ArticleHousing and Macroeconomics -- by Monika Piazzesi, Martin Schneider
This paper surveys the literature on housing in macroeconomics. We first collect facts on house prices and quantities in both the time series and the cross section of households and housing markets. We...
View ArticleToronto Stock Exchange Launches TSX NAVex - TSX's New Mutual Fund Platform To...
Toronto Stock Exchange (TSX) today announced the launch of its new centralized mutual fund solution, TSX NAVex, designed to introduce operational and cost efficiencies in the processing of mutual fund...
View ArticleMoscow Exchange Pays Out Dividend To All Shareholders
Moscow Exchange announces it has completed dividend payments for 2015. The total sum paid was RUB 16.2 billion, representing 58.2% of 2015 consolidated net profit under International Financial...
View ArticleNetwork Service Interruption At SIX
Since this morning, SIX has identified an increasing level of occasional network service interruption. Several SIX services and divisions are potentially affected. SIX is deploying all possible...
View ArticleSaudi Arabia's Capital Market Authority: Announcement Regarding The Public...
As part of the Capital Market Authority's ("CMA") continuous efforts to develop the capital market and protect investors, and based on the Capital Market Law ("CML") issued by the Royal Decree Number...
View ArticleEEX New Participant: GREEN TRADE S.R.L.
GREEN TRADE S.R.L. has been admitted to exchange trading for Phelix Futures/Options, French Financial Power Futures/Options, Italian Financial Power Futures/Options and Swiss Financial Power Futures.
View ArticleTSX Ignite 2016 Live Event Series Visits Calgary On June 22 - Market Open...
Toronto Stock Exchange (TSX) and TSX Venture Exchange continue this year's TSX Ignite live event series in Calgary on Wednesday, June 22. On Thursday, June 23, the Exchanges along with representatives...
View ArticleNational 4-H Council And CME Group Bring Commodity Carnival To 150 State And...
CME Group, the world's leading futures exchange, and National 4-H Council are partnering for a fourth consecutive year to bring their popular and award-winning fair experience, Commodity Carnival, to a...
View ArticleCanadian Securities Regulators Publish List Of Unprotected Marketplaces
Today, the Canadian Securities Administrators (CSA) published CSA Staff Notice 23-316 Order Protection Rule: Implementation of the Market Share Threshold and Amendments to Companion Policy 23-101...
View ArticleIn CFTC Enforcement Action, Federal Court Orders Florida Resident Todd Owen...
The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Beth Bloom of the U.S. District Court for the Southern District of Florida granted the CFTC’s motion for entry of final...
View ArticleFinancial Services Regulators Work Together To Strengthen Consumer Protection...
The Investment Industry Regulatory Organization of Canada (IIROC) and the Insurance Council of British Columbia (Council) have signed a Memorandum of Understanding (MOU) that will enable joint...
View ArticleCFTC Obtains Default Judgment Orders Against Three Magee Family Members Of...
The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Lynn Adelman of the U.S. District Court for the Eastern District of Wisconsin entered an Order of Default Judgment and...
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