Tehran Stock Exchange Bulletin - February 2017
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View ArticleThe Saudi Stock Exchange Announces The Publication Of The Weekly Stock Market...
The total value of shares traded for the week ending 9 March 2017 amounted to SAR 18.01 billion, decreasing by 9.34% over the previous week; while total stock market capitalization reached SAR...
View ArticleOn representing and hedging claims for coherent risk measures....
We provide a dual characterisation of the weak$^*$-closure of a finite sum of cones in $L^\infty$ adapted to a discrete time filtration $\mathcal{F}_t$: the $t^{th}$ cone in the sum contains bounded...
View ArticleManagerial Career Concerns & Risk Aversion
When we try to understand corporate strategy decisions, we should examine the factors affecting the way executives approach key situations. Specifically, we should seek to comprehend how career...
View ArticleAmman Stock Exchange: Ringing Bell For Gender Equality Stock Exchange Conference
On the Ninth of March 2017 Amman Stock Exchange(ASE), hosted the Third Annual Celebration of the Gender Equality Initiative in Jordan "2017 Ringing Bell for Gender Equality Stock Exchange Initiative"...
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MOU Signed Between Qatar Stock Exchange And Nairobi Securities Exchange
A delegation representing the Kenyan capital markets regulatory authority and the Nairobi Securities Exchange today visited Qatar Stock Exchange and signed a memorandum of understanding for...
View ArticleJapan And Singapore Establish FinTech Cooperation Framework
The Financial Services Agency (FSA) of Japan and the Monetary Authority of Singapore (MAS) announced the establishment of a Co-operation Framework to enhance FinTech linkages between both...
View ArticleMonetary Authority Of Singapore: Prohibition Orders Against Individuals...
The Monetary Authority of Singapore (MAS) announced today that it has issued a 10-year Prohibition Order (PO) against Mr Tim Leissner, a former director of Goldman Sachs (Singapore) Pte (GS...
View ArticleBursa Malaysia Introduces MD&A Guide
Bursa Malaysia Securities Berhad (“Bursa Malaysia” or “the Exchange”) today issued a Management Discussion & Analysis Disclosure Guide (“MD&A”), to guide and assists public listed companies in...
View ArticleThe Emergence of Market Structure -- by Maryam Farboodi, Gregor Jarosch,...
What market structure emerges when market participants can choose the rate at which they contact others? We show that traders who choose a higher contact rate emerge as intermediaries, earning profits...
View ArticleIntangible Capital and Measured Productivity -- by Ellen R. McGrattan
Because firms invest heavily in R&D, software, brands, and other intangible assets--at a rate close to that of tangible assets--changes in measured GDP, which does not include all intangible in-...
View ArticlePoorly Measured Confounders are More Useful on the Left Than on the Right --...
Researchers frequently test identifying assumptions in regression based research designs (which include instrumental variables or difference-in-differences models) by adding additional control...
View ArticleAsset Mispricing -- by Kurt F. Lewis, Francis A. Longstaff, Lubomir Petrasek
We use a unique dataset of corporate bonds guaranteed by the full faith and credit of the U.S. to test a number of recent theories about why asset prices may diverge from fundamental values. These...
View ArticleThe Economics of Non-Marital Childbearing and The "Marriage Premium for...
A large literature exists on the impact of family structure on children's outcomes, typically focusing on average effects. We build on this with an economic framework that has heterogeneous predictions...
View ArticleAre the Rich More Selfish than the Poor, or Do They Just Have More Money? A...
The growing concentration of resources among the rich has re-ignited a discussion about whether the rich are more selfish than others. While many recent studies show the rich behaving less...
View ArticleThe Making of Hawks and Doves: Inflation Experiences on the FOMC -- by Ulrike...
We show that personal experiences of inflation strongly influence the hawkish or dovish leanings of central bankers. For all members of the Federal Open Market Committee (FOMC) since 1951, we estimate...
View ArticleDissecting Characteristics Nonparametrically -- by Joachim Freyberger,...
We propose a nonparametric method to test which characteristics provide independent information for the cross section of expected returns. We use the adaptive group LASSO to select characteristics and...
View ArticleThe Investment CAPM -- by Lu Zhang
A new class of Capital Asset Pricing Models (CAPM) arises from the first principle of real investment for individual firms. Conceptually as "causal"' as the consumption CAPM, yet empirically more...
View ArticleShock Restricted Structural Vector-Autoregressions -- by Sydney C. Ludvigson,...
Identifying assumptions need to be imposed on autoregressive models before they can be used to analyze the dynamic effects of economically interesting shocks. Often, the assumptions are only rich...
View ArticleEarnings Inequality and Mobility Trends in the United States: Nationally...
Using earnings data from the U.S. Census Bureau, this paper analyzes the role of the employer in explaining the rise in earnings inequality in the United States. We first establish a consistent frame...
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