Sticking Points: Common-Agency Problems and Contracting in the U.S....
We propose a "common-agency" model for explaining inefficient contracting in the U.S. healthcare system. In our setting, common-agency problems arise when multiple payers seek to motivate a shared...
View ArticleFirms' Internal Networks and Local Economic Shocks -- by Xavier Giroud,...
This paper shows that firms spread the adverse impacts of local employment shocks across regions through their internal networks of establishments. Linking confidential micro data at the establishment...
View ArticleCurrency Matters: Analyzing International Bond Portfolios -- by John D....
Currency denomination is a prominent feature in the analysis of the structure of international bond markets, but is largely absent from analyses of cross-border investment in debt securities. This...
View ArticleThe Returns to Nursing: Evidence from a Parental Leave Program -- by Benjamin...
Nurses comprise the largest health profession. In this paper, we measure the effect of nurses on health care delivery and patient health outcomes across sectors. Our empirical strategy takes advantage...
View ArticleWhen Work Disappears: Manufacturing Decline and the Falling Marriage-Market...
The structure of marriage and child-rearing in U.S. households has undergone two marked shifts in the last three decades: a steep decline in the prevalence of marriage among young adults, and a sharp...
View ArticleRecovery from the Great Depression: The Farm Channel in Spring 1933 -- by...
In the four months following the trough of the Great Depression in March 1933, industrial production rose 57 percent. We argue that an important source of recovery was the direct effect of dollar...
View ArticleWith a Little Help from My Friends: The Effects of Naloxone Access and Good...
In an effort to address the opioid epidemic, a majority of states have recently passed some version of a Naloxone Access Law (NAL) and/or a Good Samaritan Law (GSL). NALs allow lay persons to...
View ArticleDeviations from Covered Interest Rate Parity -- by Wenxin Du, Alexander...
We find that deviations from the covered interest rate parity condition (CIP) imply large, persistent, and systematic arbitrage opportunities in one of the largest asset markets in the world. Contrary...
View ArticleIOSCO issues report on Loan Funds – important niche products to fund...
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IOSCO Issues Report On Loan Funds – Important Niche Products To Fund...
The Board of the International Organization of Securities Commissions (IOSCO) today published the report Findings of the Survey on Loan Funds, which describes how the market for Loan Funds has evolved...
View ArticleUK Government Proposes New Approach To Boost Banking Competition And Resolve...
The UK Government has proposed a radical new plan that would see RBS fund and deliver a series of initiatives, worth around £750 million, to boost competition in today’s UK business banking market.read...
View ArticleShanghai Stock Exchange: Notice Of Advancing Asset Securitization Business...
To implement the requirements of the “Notice of the National Development and Reform Commission and the China Securities Regulatory Commission (CSRC) on Advancing the Work Concerning the Asset...
View ArticleJapan's Securities And Exchange Surveillance Commission: Strategy &...
Missionread more...
View ArticleNew Audit Quality Milestone For ASEAN - Four ASEAN Audit Regulators Have...
Four ASEAN audit regulators and Big-Four1 audit firms in the region have collectively agreed on a measurable goal to improve audit quality. This initiative was announced at the ASEAN Audit Regulators...
View ArticleAbide Financial Is Expecting To Become One Of The Largest ARM And APA...
Abide Financial (Abide) , a NEX Group business, which provides regulatory reporting services across global regulatory regimes, has applied to become an Approved Publication Arrangement (APA) and...
View ArticleSIX Exchange Regulation Publishes Decision With Grounds Regarding Delisting...
Pfizer Inc. has announced, that all of its secondary listed shares (Swiss Security Number 962‘004 /ISIN US71170811035) with a nominal value of USD 0.05 will be delisted from SIX Swiss Exchange. SIX...
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