Shadow Banking in China: An Opportunity for Financial Reform
Shadow Banking in China examines this rapidly growing sector in the Chinese economy, and what it means for your investments. Written by two world-class experts in Chinese banking, including the Chief...
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DENTSPLY SIRONA Inc. To Join The NASDAQ-100 Index Beginning June 20, 2016
Nasdaq (Nasdaq:NDAQ) today announced that DENTSPLY SIRONA Inc. (Nasdaq:XRAY), will become a component of the NASDAQ-100 Index® (Nasdaq:NDX), the NASDAQ-100 Equal Weighted Index (Nasdaq:NDXE) and the...
View ArticleThe Saudi Stock Exchange Announces The Publication Of The Weekly Stock Market...
The total value of shares traded for the week ending 9 June 2016 amounted to SAR 21.77 billion, increasing by 31.20% over the previous week; while total stock market capitalization reached SAR...
View ArticleNZX: Smartshares Celebrates 20 Years Of ETFs In New Zealand
Smartshares, NZX’s Exchange Traded Funds (ETFs) business this month celebrates 20 years since the launch of the first ETF in New Zealand – the NZ Top 10 (TNZ) fund, which aims to provide returns that...
View ArticleOptimal Resource Extraction in Regime Switching L\'{e}vy Markets....
This paper studies the problem of optimally extracting nonrenewable natural resource in light of various financial and economical restrictions and constraints. Taking into account the fact that the...
View ArticleModel-free portfolio theory and its functional master formula....
We use functional pathwise It\=o calculus to prove a strictly pathwise version of the master formula in Fernholz' stochastic portfolio theory. Moreover, the portfolio-generating function may depend on...
View ArticleSocio-economic inequality: Relationship between Gini and Kolkata indices....
Socio-economic inequality is characterized from data using various indices. The Gini ($g$) index, giving the overall inequality is the most common one, while the recently introduced Kolkata ($k$) index...
View ArticleSigning Ceremony For Cooperation Memorandum On System Tests In Fund Industry...
On June 3, the Asset Management Association of China (AMAC), the Industry Test Center of Dalian Commodity Exchange (the Test Center for short) and the Hundsun Technologies Inc. jointly signed the...
View ArticleJapan's Financial Services Agency: The Sixth Japan- Korea Shuttle Meeting On...
On June 3, 2016, the sixth Japan-Korea Shuttle Meeting on Financial Issues was held among the Financial Services Agency of Japan (JFSA), the Financial Services Commission (FSC) and the Financial...
View ArticleNew Zealand's Financial Markets Authority Releases Auditor Regulation And...
The Financial Markets Authority (FMA) has released its auditor regulation and oversight plan for 2016. The FMA’s plan sets out the new style of audit report issued by the External Reporting Board,...
View ArticleClaims-Shifting: The Problem of Parallel Reimbursement Regimes -- by Olesya...
Parallel reimbursement regimes, under which providers have some discretion over which payer gets billed for patient treatment, are a common feature of health care markets. In the U.S., the largest such...
View ArticleAdult Mortality Five Years after a Natural Disaster: Evidence from the Indian...
Exposure to extreme events has been hypothesized to affect subsequent mortality because of mortality selection and scarring effects of the event itself. We examine survival at and in the five years...
View ArticleDoes Legalization Reduce Black Market Activity? Evidence from a Global Ivory...
Black markets are estimated to represent a fifth of global economic activity, but their response to policy is poorly understood because participants systematically hide their actions. It is widely...
View ArticleThe Effect of Cigarette Prices on Cigarette Sales: Exploring Heterogeneity in...
Numerous studies have examined the effect of cigarette prices on cigarette consumption. These studies either evaluate the price elasticity of demand for each observation and report the average price...
View ArticleHKEX Welcomes Its First Listings Of Leveraged And Inverse Products
Hong Kong Exchanges and Clearing Limited (HKEX) today (Monday) welcomed its first listings of Leveraged and Inverse Products, or L&I Products (please see table below for details).read more...
View Article13Jun/Understanding the changing equilibrium real interest rates in Asia-Pacific
This paper studies the evolution of the equilibrium real interest rate (ie natural or neutral interest rate) in Asia-Pacific. I take an empirical approach to estimate the rate, simple estimates suggest...
View Article13Jun/Output gaps and policy stabilisation in Latin America: the effect of...
We provide a measure of the output gap that filters out the impact of the commodity and net capital inflows booms for Latin American countries. These two factors temporarily boost output and so are...
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