Nasdaq Dubai Welcomes EU Recognition Of Its Central Counterparty Framework -...
Nasdaq Dubai has welcomed a ruling by the European Union that grants recognition to the exchange’s clearing infrastructure. The decision opens the door for overseas banks and investors to play a larger...
View ArticleDeutsche Börse Welcomes Fidelity International As New ETF Issuer...
Smart beta ETFs issued by Fidelity International are tradable on Xetra and Börse Frankfurt as of today, constituting Fidelity's first ETF offering in Europe.read more...
View ArticleSenior Risk Appointment At MarketInvoice - Shaun Alexander Joins As Head Of...
MarketInvoice, the world’s largest peer-to-peer online invoice finance marketplace, has today announced the appointment of Shaun Alexander as Head of Risk. He is a highly regarded senior management...
View ArticleOpus Simplifies KYC With New Out-Of-The-Box SaaS Solution
Compliance and Risk Management SaaS technology leader Opus announced today the launch of Alacra Compliance Professional (ACP), the new plug-and-play KYC (Know Your Customer) compliance solution. ACP is...
View ArticleDistributional Impacts of Energy Taxes -- by William A. Pizer, Steven Sexton
Despite popularity among economists for their efficiency, energy pollution taxes enjoy less political support than standards-based regulation because of common perceptions that they burden the poor...
View ArticleIs Post-Crisis Bond Liquidity Lower? -- by Mike Anderson, Rene M. Stulz
Price-based liquidity metrics are much better for small trades after the crisis than before the crisis. For large trades, these metrics are generally worse from 2010 to 2012 and better from 2013 to...
View ArticleMonetary Policy and Global Banking -- by Falk Braeuning, Victoria Ivashina
Global banks use their global balance sheets to respond to local monetary policy. However, sources and uses of funds are often denominated in different currencies. This leads to a foreign exchange (FX)...
View ArticleAccounting for Growth in the Age of the Internet: The Importance of...
We extend the conventional Solow growth accounting model to allow innovation to affect consumer welfare directly. Our model is based on Lancaster's New Approach to Consumer Theory, in which there is a...
View ArticleSovereign Default Risk and Firm Heterogeneity -- by Cristina Arellano, Yan...
This paper studies the recessionary effects of sovereign default risk using firm-level data and a model of sovereign debt with firm heterogeneity. Our environment features a two-way feedback loop. Low...
View ArticleThe Effects of E-Cigarette Minimum Legal Sale Age Laws on Youth Substance Use...
We use difference-in-differences models and individual-level data from the national and state Youth Risk Behavior Surveillance System (YRBSS) from 1991 to 2015 to examine the effects of e-cigarette...
View ArticleSelf-Fulfilling Debt Crises, Revisited: The Art of the Desperate Deal -- by...
We revisit self-fulfilling rollover crises by introducing an alternative equilibrium selection that involves bond auctions at depressed but strictly positive equilibrium prices, a scenario in line with...
View ArticleMeasuring the Effects of Federal Reserve Forward Guidance and Asset Purchases...
I extend the methods of Gurkaynak, Sack, and Swanson (2005) to separately identify the effects of Federal Reserve forward guidance and large-scale asset purchases (LSAPs) during the 2009-15 U.S. zero...
View ArticleGovernment Debt and Corporate Leverage: International Evidence -- by Irem...
We investigate the impact of government debt on corporate financing decisions. We document a negative relation between government debt and corporate leverage using data on 40 countries between 1990 and...
View ArticleThe Effects of Financial Development on Foreign Direct Investment -- by...
This paper empirically investigates the various effects that source and destination countries' financial development (SFD and DFD respectively) have on foreign direct investment (FDI).We establish...
View ArticleDo Payroll Tax Breaks Stimulate Formality? Evidence from Colombia's Reform --...
Alternative work arrangements have grown rapidly around the world. In Latin America, these alternative work arrangements have long been part of the labor market and have continued to grow. The informal...
View ArticleThe Long Reach of Education: Health, Wealth, and DI Participation -- by James...
Education is strongly related to participation in the Social Security Disability Insurance (DI) program. To explore this relationship, we describe the correlation between education and DI...
View ArticleThe First Step Of Its Kind Amongst Regional Exchanges: Dubai Financial Market...
Dubai Financial Market (DFM) today announced that it has received the “ISO 9001:2015” Quality Certificate from Lloyds Register Quality Assurance (LRQA). As the first step of its kind amongst regional...
View ArticleEDHEC: Solvency II Prudential Regulation - An Impediment To The Return Of...
In a position paper entitled “The Impact of Solvency II Prudential Regulation on Property Financing in the Insurance Industry”, the Financial Analysis and Accounting Research Centre and the Economics...
View ArticleLiquidnet Strengthens EMEA Team With New Hire To Focus On US Equities -...
Liquidnet, the global institutional trading network, today announced the appointment of Simon Gilbert as Sales Director, based in the firm’s London office. Simon brings more than 10 years of experience...
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