CFTCâs Division Of Market Oversight Issues Further Actions Concerning...
The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) today issued a no-action letter (CFTC Letter No. 16-32) and related guidance regarding the ownership and...
View ArticleCFTC Commitments Of Traders Reports Update
The current reports for the week of April 5, 2016 are now available.read more...
View ArticleWeekly Top 5 Papers â April 8, 2016
1. Notice and Takedown in Everyday Practice by Jennifer Urban (University of California, Berkeley – School of Law) and Joe Karaganis (Columbia University – The American Assembly) and Brianna...
View ArticleCFTCâs Division Of Market Oversight Issues Time-Limited No-Action...
The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) today issued a no-action letter (CFTC Letter No. 16-33) regarding the masking of certain information reportable...
View ArticleCalPERS Urges Investors To Vote For Climate Change Reporting At Rio Tinto
The California Public Employees' Retirement System (CalPERS) has filed an exempt solicitation with the Securities and Exchange Commission, urging fellow shareowners of the global mining company Rio...
View ArticleRemarks At The International Institute For Securities Market Growth And...
Good morning.  In most years, I either give welcoming or closing remarks at the Institute. The vagaries of schedules have me here today to briefly address you and I am honored to spend a few minutes...
View ArticleREVISION: Least Squares Monte Carlo Credit Value Adjustment with Small and...
Credit value adjustment (CVA) and related charges have emerged as important risk factors following the Global Financial Crisis. These charges depend on uncertain future values of underlying products,...
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Material Fact: Combination Of BM&FBOVESPA â Bolsa De Valores,...
BM&FBOVESPA S.A. – Bolsa de Valores, Mercadorias e Futuros and CETIP S.A. –Mercados Organizados announce that on April 8, 2016, they favorably concluded negotiations regarding a combination of the...
View ArticleJapan's Financial Services Agency: The Fifth Meeting Of The Working Group On...
The Working Group on Corporate Disclosure of the Financial System Council will hold its fifth meeting on April 13th, 2016 as follows.read more...
View ArticleThe Causes and Consequences of Test Score Manipulation: Evidence from the New...
In this paper, we show that the design and decentralized, school-based scoring of New York's high school exit exams - the Regents Examinations - led to the systematic manipulation of test sores just...
View ArticleThe Effect of Aid on Growth: Evidence from a Quasi-Experiment -- by Sebastian...
The literature on aid and growth has not found a convincing instrumental variable to identify the causal effects of aid. This paper exploits an instrumental variable based on the fact that since 1987,...
View ArticleThe Limited Macroeconomic Effects of Unemployment Benefit Extensions -- by...
By how much does an extension of unemployment benefits affect macroeconomic outcomes such as unemployment? Answering this question is challenging because U.S. law extends benefits for states...
View ArticleTerm Structures of Asset Prices and Returns -- by David Backus, Nina...
We explore the term structures of claims to a variety of cash flows: US government bonds (claims to dollars), foreign government bonds (claims to foreign currency), inflation-adjusted bonds (claims to...
View ArticleCoordinated Noise Trading: Evidence from Pension Fund Reallocations -- by Zhi...
We document a novel channel through which coordinated noise trading exerts externalities on financial markets dominated by institutional investors. We exploit a unique set of events where Chilean...
View ArticleThe Impact of Innovation in the Multinational Firm -- by L. Kamran Bilir,...
When firms operate production plants in multiple countries, technological improvements developed in one country may be shared with firm sites abroad for efficiency gain. We develop a dynamic model that...
View ArticleTemporary Migration and Endogenous Risk Sharing in Village India -- by...
When people can self-insure via migration, they may have less need for informal risk sharing. At the same time, informal insurance may reduce the need to migrate. To understand the joint determination...
View ArticlePaving the Way to Development: Costly Migration and Labor Market Integration...
How integrated are labor markets within a country? Labor mobility is key to the integration of local labor markets and therefore to understanding the efficacy of policies to reduce regional inequality....
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