How Credit Cycles across a Financial Crisis -- by Arvind Krishnamurthy, Tyler...
We study the behavior of credit and output across a financial crisis cycle using information from credit spreads. We show the transition into a crisis occurs with a large increase in credit spreads,...
View ArticleWhat Goes Up May Not Come Down: Asymmetric Incidence of Value-Added Taxes --...
This paper shows that prices respond more to increases than to decreases in Value-Added Taxes (VATs). First, using all VAT reforms from 1996 to 2015 across all European countries we show that prices...
View ArticleSome No-Arbitrage Rules For Converging Asset Prices under Short-Sales...
Under short sales prohibitions, no free lunch with vanishing risk (NFLVR-S) is known to be equivalent to the existence of an equivalent supermartingale measure for the price processes (Pulido [22])....
View ArticleAICPA Audit and Accounting Guide State and Local Governments
With all the recent changes in state and local government audit and accounting, including changes to some of the more complex areas such as pensions and postemployment benefits other than pensions...
View ArticleAttestation Engagements on Sustainability Information (Including Greenhouse...
New Authoritative Guide for SSAE No. 18 and Sustainabilityread more...
View ArticleMicrosoft Develops New Programming Language For Quantum Computers
Microsoft announces that it will preview a new programming language for quantum computers by the end of the year. https://t.co/Crtgk0Wy3o â Financialâ¦
View ArticleIntroducing dYdX – dydxderivatives – Medium
dYdX is a protocol for short selling and derivatives built on the Ethereum blockchain. https://t.co/bGDApWgiI8 â Financial Technology (@fin_tech) September 27,â¦
View ArticleThis Massive Hedge Fund Is Betting on AI
This massive hedge fund is betting on AI https://t.co/dUeSUzAKAU via @markets â moneyscience (@moneyscience) September 28, 2017
View ArticleSpice VC is the first to use blockchain to solve the liquidity problem
Spice VC is the first to use blockchain to solve the liquidity problemhttps://t.co/Xy5zxhR8Z2 â moneyscience (@moneyscience) September 28, 2017
View ArticleHarmonisation of the Unique Product Identifier (UPI) - guidance issued by...
Press release about CPMI and IOSCO issuing a report on "Harmonisation of the Unique Product Identifier - Technical Guidance", 28 September 2017.
View ArticleHarmonisation of the Unique Product Identifier - Technical Guidance
Harmonisation of the Unique Product Identifier - Technical Guidance published by CPMI and IOSCO, September 2017. This report is one part of the CPMI-IOSCO Harmonisation Group's response to its mandate....
View ArticleCFTC Chairman Giancarlo Appoints Brian A. Bussey as Director of the Division...
U.S. Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo announced today the appointment of Brian A Bussey as the new Director of the agencyâs Division of Division of...
View ArticleCFTC Orders Connecticut-Based Tillage Commodities, LLC to Pay a $150,000...
The Commodity Futures Trading Commission (CFTC) issued an Order filing and simultaneously settling charges against Connecticut-based Tillage Commodities, LLC, for failure to supervise its fund...
View ArticleCentral banks propose strategy to improve the security of wholesale payments
CPMI press release about central banks proposing a strategy to improve the security of wholesale payments, 28 September 2017.
View ArticleDiscussion note - Reducing the risk of wholesale payments fraud related to...
The Committee on Payments and Market Infrastructures (CPMI) has published a consultative document, "Discussion note - Reducing the risk of wholesale payments fraud related to endpoint security",...
View ArticleCFTC Orders Morgan Stanley & Co. LLC. to Pay $500,000 for Supervision...
The Commodity Futures Trading Commission (CFTC) issued an Order filing and simultaneously settling charges against Morgan Stanley & Co. LLC, for failing to diligently supervise the reconciliation...
View ArticleDisney Revamps Its Stores... Again
Disney has once again tried to overhaul its retail strategy. The New York Times reports today that Disney has opened a new prototype store in California. Reporter Brooks Barnes explains the changes in...
View ArticleMulti-period investment strategies under Cumulative Prospect Theory....
In this article, inspired by Shi, et al. we investigate the optimal portfolio selection with one risk-free asset and one risky asset in a multiple period set- ting under cumulative prospect theory...
View ArticleEquilibrium distributions and discrete Schur-constant models....
This paper introduces Schur-constant equilibrium distribution models of dimension n for arithmetic non-negative random variables. Such a model is defined through the (several orders) equilibrium...
View ArticleWealth distribution in presence of debts. A Fokker--Planck description....
We consider here a Fokker--Planck equation with variable coefficient of diffusion which appears in the modeling of the wealth distribution in a multi-agent society. At difference with previous studies,...
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