Osaka Exchange: Go-Live Date Of Next Generation Derivatives Trading System...
OSE has been preparing for the go-live of J-GATE, which is developed to expand market liquidity and further improve reliability and convenience for investors, trading participants, and other market...
View ArticleMonetary Authority Of Singapore: Separate Subsidiary Will Strengthen...
The Monetary Authority of Singapore (MAS) said today that SGX’s move to transfer its regulatory functions to a separate subsidiary company is an important step in strengthening the safeguards to manage...
View ArticleSGX To Transfer Regulation Unit To Subsidiary Company With Separate Board
Singapore Exchange (SGX) will establish a separate subsidiary company (RegCo) to undertake all the front-line regulatory functions it currently performs. The move aims to further enhance the...
View ArticleETFGI Reports ETFs/ETPs Listed In Asia Pacific Ex Japan Gathered 3 Billion US...
ETFGI the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, today reported ETFs/ETPs listed in Asia Pacific ex Japan gathered US$3 billion in net new assets...
View ArticleBorsa Ä°stanbul: Systems And Operations Functioning Without...
The systems and operations of Borsa Ä°stanbul, Istanbul Custody and Settlement Bank, Central Registry Agency together with all our stakeholders are functioning without any interruption and problem. On...
View ArticleDFM Enrols âUnion Brokerage Companyâ To âMargin...
Dubai Financial Market (DFM) today announced that “Union Brokerage Company” has been accredited to provide Margin Trading service, lifting the total number of DFM brokerage firms providing this service...
View ArticleLondon Metal Exchange Price Exclusivity Falls On Global Stage - By Jason...
Globally, base metal trading has expanded since the sale of the London Metal Exchange (LME) to the HKEx. Taking the two main exchanges for base metals - the LME and the Shanghai Futures Exchange (SHFE)...
View ArticleESMA Seeking Commodity Derivatives Experts To Join Consultative Industry Group
The European Securities and Markets Authority (ESMA) has published today a call for candidates to newly constitute a Consultative Working Group (CWG) for the ESMA Commodity Derivatives Task Force...
View ArticleThe Empirical Economics of Online Attention -- by Andre Boik, Shane...
In several markets, firms compete not for consumer expenditure but instead for consumer attention. We model and characterize how households allocate their scarce attention in arguably the largest...
View ArticleEstimating Local Fiscal Multipliers -- by Juan Carlos Suarez Serrato,...
We propose a new source of cross-sectional variation that may identify causal impacts of government spending on the economy. We use the fact that a large number of federal spending programs depend on...
View ArticleDistributional Effects of Means Testing Social Security: Income Versus Wealth...
This paper compares Social Security means tests that would reduce benefits for recipients who fall in the top quarter of the income distribution with means tests aimed at those in the top quarter of...
View ArticleMeasuring Polarization in High-Dimensional Data: Method and Application to...
We study trends in the partisanship of Congressional speech from 1873 to 2009. We define partisanship to be the ease with which an observer could infer a congressperson's party from a fixed amount of...
View ArticleRBC Methodology and the Development of Aggregate Economic Theory -- by Edward...
This essay reviews the development of neoclassical growth theory, a unified theory of aggregate economic phenomena that was first used to study business cycles and aggregate labor supply. Subsequently,...
View ArticleFinders, Keepers? -- by Niko Jaakkola, Daniel Spiro, Arthur A. van Benthem
Natural resource taxation and investment often exhibit cyclical behavior, associated with shifts in political power. Why do finders get to keep more of their discoveries in some periods than others? We...
View ArticleCan Paying Firms Quicker Affect Aggregate Employment? -- by Jean-Noel Barrot,...
In 2011, the federal government accelerated payments to their small business contractors, spanning virtually every county and industry in the US. We study the impact of this reform on county-sector...
View ArticleDisability Benefit Generosity and Labor Force Withdrawal -- by Kathleen...
A key component for estimating the optimal size and structure of disability insurance (DI) programs is the elasticity of DI claiming with respect to benefit generosity. Yet, in many countries,...
View ArticleThe New Keynesian Transmission Mechanism: A Heterogenous-Agent Perspective --...
We argue that a 2-agent version of the standard New Keynesian model--where a "worker" receives only labor income and a "capitalist" only profit income-- offers insights about how income inequality...
View ArticleBride Price and Female Education -- by Nava Ashraf, Natalie Bau, Nathan Nunn,...
Traditional cultural practices can play an important role in development, but can also inspire condemnation. The custom of bride price, prevalent throughout sub-Saharan Africa and parts of Asia as a...
View ArticleLong-Run Risk is the Worst-Case Scenario -- by Rhys Bidder, Ian Dew-Becker
We study an investor who is unsure of the dynamics of the economy. Not only are parameters unknown, but the investor does not even know what order model to estimate. She estimates her consumption...
View ArticleQE in the future: the central bank's balance sheet in a fiscal crisis -- by...
Analysis of quantitative easing (QE) typically focus on the recent past studying the policy's effectiveness during a financial crisis when nominal interest rates are zero. This paper examines instead...
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