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26Jun/Policy remix needed to tackle pent-up risks, BIS says
BIS press release on the presentation of the 86th Annual Report, 26 June 2016. There is an urgent need to rebalance policy in order to shift to a more robust and sustainable global expansion and...
View ArticleHong Kong's Securities And Futures Commission Bans Liu King Yee For Life
The Securities and Futures Commission (SFC) has banned Ms Liu King Yee, a former employee of Wing Lung Bank Limited (Wing Lung Bank), from re-entering the industry for life following her conviction by...
View ArticleEDHEC-Risk Institute: New Margin Regulations For The Non-Cleared OTC...
In a new publication entitled “Initial Margin for Non-Centrally Cleared OTC Derivatives – Overview, Modelling and Calibration,” EDHEC-Risk Institute provides a detailed overview and analysis of the...
View ArticleEffects of the Minimum Wage on Infant Health -- by George Wehby, Dhaval Dave,...
The minimum wage has increased in multiple states over the past three decades. Research has focused on effects on labor supply, but very little is known about how the minimum wage affects health,...
View ArticleProducing Humanities PhDs among BAs at Doctoral Institutions -- by Todd R....
This paper investigates which attributes of a Carnegie PhD-level institution predict the share and number of its undergraduate humanities BA recipients that will go on to earn a humanities PhD. We use...
View ArticleMoneyball in Medicare -- by Edward C. Norton, Jun Li, Anup Das, Lena M. Chen
US policymakers place a high priority on tying Medicare payments to the value of care delivered. A critical part of this effort is the Hospital Value-based Purchasing Program (HVBP), which rewards or...
View ArticleThe Analytics of the Greek Crisis -- by Pierre-Olivier Gourinchas, Thomas...
We provide an empirical and theoretical analysis of the Greek Crisis of 2010. We first benchmark the crisis against all episodes of sudden stops, sovereign debt crises, and lending boom/busts in...
View ArticleBunching at The Kink: Implications for Spending Responses to Health Insurance...
A large literature in empirical public finance relies on "bunching" to identify a behavioral response to non-linear incentives and to translate this response into an economic object to be used...
View ArticleEstimating Cross-Industry Cross-Country Interaction Models Using Benchmark...
Empirical cross-industry cross-country models are applied widely in economics, for example to investigate the determinants of economic growth or international trade. Estimation generally relies on US...
View ArticleWillingness to Pay for Clean Air: Evidence from Air Purifier Markets in China...
We develop a framework to estimate willingness to pay (WTP) for clean air from defensive investment. Applying this framework to product-by-store level scanner data on air purifier sales in China, we...
View ArticleWhat Do Measures of Real-time Corporate Sales Tell Us about Earnings...
We develop real-time proxies of retail corporate sales from multiple sources, including ~50 million mobile devices. These measures contain information from both the earnings quarter ("within quarter")...
View ArticleTerm Structure of Uncertainty in the Macroeconomy -- by Jaroslav Borovicka,...
Dynamic economic models make predictions about impulse responses that characterize how macroeconomic processes respond to alternative shocks over different horizons. From the perspective of asset...
View ArticleDoing More When You're Running LATE: Applying Marginal Treatment Effect...
I examine treatment effect heterogeneity within an experiment to inform external validity. The local average treatment effect (LATE) gives an average treatment effect for compliers. I bound and...
View ArticleGlobal Service Efficiency and the Role of Special and Differential Based...
This paper argues that the pursuit of special and differential treatments (SDT) by developing countries has hampered the liberalization of global service trade, which is one of the causes of the only...
View ArticleOpening Statement of Commissioner Sharon Bowen before the Market Risk...
Opening Statement of Commissioner Sharon Bowen before the Market Risk Advisory Committee
View ArticleMoscow Exchange: Main Clearing Session Starts Later For Derivatives On 27 June
Please be informed that the main clearing session for derivatives starts at 18:44:18 MSK precise time due to TCS servers time and precise time desynchronization. Orders for option expiration...
View ArticleMIAX Options Holiday Schedule - July 4th 2016
Please be advised that the MIAX Options Exchange will be closed on Monday, July 4, 2016 in observance of Independence Day.
View ArticleU.S. Department Of The Treasury: Remarks By Secretary Jacob J. Lew At The...
Good morning. Thank you, Randy, for that kind introduction and for your leadership within this great organization. It is a pleasure to join you all again for this important and timely discussion....
View ArticleCFTC: Opening Statement Of Commissioner Sharon Bowen Before The Market Risk...
Welcome to the June 27, 2016 meeting of the Market Risk Advisory Committee (MRAC). I am excited to be the sponsor of this Committee, which brings together a diverse group of market participants to...
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