AICPA Audit and Accounting Guide State and Local Governments
With all the recent changes in state and local government audit and accounting, including changes to some of the more complex areas such as pensions and postemployment benefits other than pensions...
View ArticleAttestation Engagements on Sustainability Information (Including Greenhouse...
New Authoritative Guide for SSAE No. 18 and Sustainabilityread more...
View ArticleMicrosoft Develops New Programming Language For Quantum Computers
Microsoft announces that it will preview a new programming language for quantum computers by the end of the year. https://t.co/Crtgk0Wy3o â Financialâ¦
View ArticleIntroducing dYdX – dydxderivatives – Medium
dYdX is a protocol for short selling and derivatives built on the Ethereum blockchain. https://t.co/bGDApWgiI8 â Financial Technology (@fin_tech) September 27,â¦
View ArticleThis Massive Hedge Fund Is Betting on AI
This massive hedge fund is betting on AI https://t.co/dUeSUzAKAU via @markets â moneyscience (@moneyscience) September 28, 2017
View ArticleSovereign Bond Prices, Haircuts and Maturity -- by Tamon Asonuma, Dirk...
Rejecting a common assumption in the sovereign debt literature, we document that creditor losses ("haircuts") during sovereign restructuring episodes are asymmetric across debt instruments. We code a...
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Marathon Complete!
I completed one of my sabbatical goals yesterday - running the Twin Cities Marathon. I'm so grateful to my family for all their support, and to many friends, family, colleagues, and former students...
View ArticleSSRN Weekly Top 5 Papers – October 2nd, 2017
1. Social Animal House: The Economic and Academic Consequences of Fraternity Membership by Jack Mara (10 Thoughts), Lewis Davis (Union College – Department of Economics) and Stephen Schmidt (Union...
View ArticleKelly's Criterion in Portfolio Optimization: A Decoupled Problem....
Kelly's Criterion is well known among gamblers and investors as a method for maximizing the returns one would expect to observe over long periods of betting or investing. These ideas are conspicuously...
View ArticleSystemic risk in a mean-field model of interbank lending with self-exciting...
In this paper we consider a mean-field model of interacting diffusions for the monetary reserves in which the reserves are subjected to a self- and cross-exciting shock. This is motivated by the...
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Weygandt's Managerial Accounting: Tools for Business Decision Making, Global...
Weygandt's Managerial Accounting provides students with a clear introduction to fundamental managerial accounting concepts. This edition helps students get the most out of their accounting course...
View ArticlePetal Walker, Chief Counsel to Former CFTC Commissioner Bowen, Leaving Agency
Petal Walker, Chief Counsel to former Commodity Futures Trading Commission (CFTC) Commissioner Sharon Bowen will leave the CFTC effective today.
View ArticleKeep It Real: Tail Probabilities of Compound Heavy-Tailed Distributions....
We propose an analytical approach to the computation of tail probabilities of compound distributions whose individual components have heavy tails. Our approach is based on the contour integration...
View ArticleA series representation for the Black-Scholes formula. (arXiv:1710.01141v1...
We prove and test an efficient series representation for the European Black-Scholes call, which generalizes and refines previously known approximations, and works in every market configuration.
View ArticleValuation of Employee Stock Options (ESOs) by means of Mean-Variance Hedging....
We consider the problem of ESO valuation in continuous time. In particular, we consider models that assume that an appropriate random time serves as a proxy for anything that causes the ESO's holder to...
View ArticleManaging Volatility Risk: An Application of Karhunen-Lo\`eve Decomposition...
Implied volatilities form a well-known structure of smile or surface which accommodates the Bachelier model and observed market prices of interest rate options. For the swaptions that we study, three...
View ArticleScientists pinpoint the singularity for quantum computers
Scientists pinpoint the singularity for quantum computershttps://t.co/FIlE8kN4vy â Financial Technology (@fin_tech) October 3, 2017
View Article6 Fresh Horrors From the Equifax CEO's Congressional Hearing
It's hard to see how #equifax can possibly survive. https://t.co/gliAhO0Jxd â Financial Technology (@fin_tech) October 4, 2017
View ArticleBasel III liquidity monitoring tools
Basel III liquidity monitoring tools - Occasional Paper No 14, October 2017. While the introduction of the Liquidity Coverage Ratio and Net Stable Funding Ratio have made the measurement of liquidity...
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