Nation-Building, Nationalism and Wars -- by Alberto Alesina, Bryony Reich,...
The increase in army size observed in early modern times changed the way states conducted wars. Starting in the late 18th century, states switched from mercenaries to a mass army by conscription. In...
View ArticleHow Production Risk and Flexibility Affect Liquidity Management: Evidence...
Production inflexibility together with product price uncertainty creates production risk, which is a potentially important factor for firms' liquidity management. One industry for which production risk...
View ArticleThe Labor Market Effects of Refugee Waves: Reconciling Conflicting Results --...
An influential strand of research has tested for the effects of immigration on natives' wages and employment using exogenous refugee supply shocks as natural experiments. Several studies have reached...
View ArticleInnovation Policy in a Networked World -- by Olav Sorenson
Social relationships channel information, influence, and access to scarce resources. As a consequence, social networks - the patterns of these relationships across the members of a community -...
View ArticleFinance and Growth: Household Savings, Public Investment, and Public Health...
Saving is essential to the health of economies because it provides the wherewithal for investment. In the late nineteenth century, saving was also essential to the health of urban working-class...
View ArticleWhy You Should Never Use the Hodrick-Prescott Filter -- by James D. Hamilton
Here's why. (1) The HP filter produces series with spurious dynamic relations that have no basis in the underlying data-generating process. (2) Filtered values at the end of the sample are very...
View ArticleCompressing Over-the-Counter Markets. (arXiv:1705.07155v1 [q-fin.GN])
In this paper, we show both theoretically and empirically that the size of over-the-counter (OTC) markets can be reduced without affecting individual net positions. First, we find that the networked...
View ArticleWeekly Top 5 Papers – May 22nd 2017
1. Defense Against the Dark Arts of Copyright Trolling by Matthew Sag (Loyola University Chicago School of Law) and Jake Haskell (Independent)read more...
View ArticleShenzhen Stock Exchange: New Interest Calculation Method For Pledge-Style...
As the bond market of Shenzhen Stock Exchange (SZSE) has been scaling up in recent years, the trading amount of pledge-styled repo (hereinafter referred to as “repo”) also increases and the market is...
View ArticleWorking Hours Of The Amman Stock Exchange And Trading Hours During The Holy...
On the occasion of the holy month of Ramadan, the ASE has decided to change the official working and trading hours during the holy month of Ramadan, the working hours will be from 09:30 to 15:30, as...
View ArticleShenzhen Stock Exchange Releases Guideline For Information Disclosure Of...
In order to further regulate the information disclosure of listed companies engaging in civil engineering and construction industry, Shenzhen Stock Exchange (SZSE) has recently formulated and released...
View ArticleWhy Opportunity And Inclusion Matter To America’s Economic Strength -...
I want to thank Neel Kashkari for launching the Opportunity and Inclusive Growth Institute and for inviting me to join the deliberations of this distinguished group today. This new Institute is another...
View ArticleColt To Offer New Low-Latency Network Route Between Stock Exchanges In Tokyo...
Colt Technology Services has announced newly optimised low-latency network routes linking stock exchanges in Tokyo and the Chicago Mercantile Exchange, which will be available from May 23, 2017....
View ArticleQatar stock Exchange Working Hours During Ramadan
On the occasion of the Holy Month of Ramadan, Qatar stock Exchange (QSE) is pleased to announce that the official business hours during the month of Ramadan will be from 9:00 AM till 2:00 PM. Trading...
View ArticleNEX Optimisation Transforms Business To Better Serve Clients
NEX Optimisation, which helps clients reduce complexity and optimise resources across the transaction lifecycle, announces today that it has restructured to organise the business in a way that clients...
View ArticleEuronext To Acquire FastMatch And Expand Into Global FX Markets
Today, Euronext announces the acquisition of c.90% of FastMatch, Inc. for $153 million initial cash consideration. FastMatch’s management will remain invested with a c.10% interest, with minority...
View ArticleNEX Optimisation To Release NEX Infinity Into Production Testing For FX And...
NEX Optimisation, which helps clients reduce complexity and optimise resources across the transaction lifecycle, announces today that it has built the underlying architecture for NEX Infinity, a cloud...
View ArticleThomson Reuters Analyst Awards 2017: Winners Of Asia Awards Announced - Citi...
Thomson Reuters today announced the winners of the 2017 Thomson Reuters Analyst Awards for Asia. This is the thirteenth year that the awards have been presented to the top stock analysts and brokerage...
View ArticleRelease Of Axioma’s New Australia Equity Factor Risk Model
Axioma, a global provider of innovative risk and portfolio management solutions, today launches the latest version of its Australia Equity Factor Risk Model suite (“AXAU4”). New features include an...
View ArticleDr. Wolfram Seidemann Becomes A New Board Member At The International...
Dr. Wolfram Seidemann, CEO of Giesecke+Devrient Currency Technology, will in future represent the company on the Board of the International Currency Association (ICA). Giesecke+Devrient is a founding...
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