Complementarity without Superadditivity -- by Steven Berry, Philip Haile,...
The distinction between complements, substitutes, and independent goods is important in many contexts. It is well known that when consumers' conditional indirect utilities for two goods are...
View ArticlePolitical Borders and Bank Lending in Post-Crisis America -- by Matthieu...
We use spatial discontinuities associated with congressional district borders to identify the effect of political influences on American banks' lending. We show that recipients of the 2008 public...
View ArticleLeverage Dynamics without Commitment -- by Peter DeMarzo, Zhiguo He
We analyze equilibrium leverage dynamics in a dynamic tradeoff model when the firm is unable to commit to a leverage policy ex ante. We develop a methodology to characterize equilibrium equity and debt...
View ArticleDivergent Paths: Structural Change, Economic Rank, and the Evolution of...
Studying working and non-working men, we find that, after closing substantially from 1940 to the mid-1970s, the median black-white earnings gap has since returned to its 1950 level, while the...
View ArticleMoscow Exchange: Final Settlement Of Brent Derivatives In December 2016,...
Due to public holidays in Russia, the final settlement date of the January Brent oil futures contracts (BR-1.17) will be changed to 30 December 2016, instead of 2 January 2017. The date will be changed...
View ArticleIbdar Launches Parallel Shariâah Trade Finance Fund
Bahrain-based wholesale Islamic Investment bank, Ibdar Bank, has announced the launch of the Barak Ibdar Shari’ah Trade Finance Fund, a parallel fund of the highly successful Barak Trade Finance...
View ArticlePwC Launches New Fintech Capability Called âVulcan Digital Asset...
PwC has today launched a new fintech capability called Vulcan Digital Asset Services to enable digital assets to be used for everyday banking, commerce and other personal currency and asset related...
View ArticleEffectiveness And Proportionality: Our Financial Crime Priorities - Speech By...
Speaker: Rob Gruppetta, Head of the Financial Crime DepartmentEvent: FCA Financial Crime Conference, LondonDelivered: 10 November 2016Note: this is the speech as drafted and may differ from delivered...
View ArticleSecurities And Exchange Board Of India Visit To Tehran Stock Exchange
On Monday 14 November 2016, the Chairman of the Securities and Exchange Board of India paid a visit to the Tehran Stock Exchange.read more...
View ArticleSmart Contracts Pioneer Symbiont Fortifies Board Of Directors - Appoints...
Symbiont has appointed former SEC Commissioner Daniel Gallagher and Todd Ruppert, former CEO and President of T.Rowe Price Global Investment Services, to its Board of Directors. These appointments...
View ArticleTehran Stock Exchange: Dr. Hassan Ghalibaf Asl Re-Elected Chief Executive
In the first session of the new board of directors meeting at Tehran Stock Exchange, Dr. Hassan Ghalibaf Asl was re-elected as the Exchange’s chief executive for the fifth consecutive term.read more...
View ArticleUllink And Alpha Omega Join Forces To Deliver FIX-Based Post Trade Processing...
Ullink, the global provider of electronic trading and connectivity solutions to the financial community, and Alpha Omega, an innovator in post-trade technology, today announced a strategic partnership...
View ArticleSimCorp Partners With Cassini Systems To Enhance Its Front Office Offering
SimCorp, a leading provider of investment management solutions and services for the global financial services industry, and Cassini Systems, a provider of pre-trade analytics solutions for OTC...
View ArticleMIAX Options Holiday Schedule - Thanksgiving 2016
Please be advised the MIAX Options Exchange will be closed on Thursday, November 24, 2016 in observance of the Thanksgiving Holiday. On Friday, November 25, 2016, the MIAX will have an abbreviated...
View ArticleACER Calls For Limiting The Discrimination Between Internal And Cross-Zonal...
ACER publishes today a Recommendation on the common capacity calculation and redispatching and countertrading cost sharing methodologies. This Recommendation establishes a set of high-level principles...
View ArticleUNICEF & Ellen Macarthur Cancer Trust Open LSEGâs Sixth Annual...
London Stock Exchange Group (LSEG) will today donate a day’s worth of share trading fees from across our markets - London Stock Exchange, Borsa Italiana and Turquoise – to charity. Distributed through...
View ArticlePowerShares US High Yield Fallen Angels UCITS ETF Launched On Xetra - ETF...
A new bond index fund from the ETF offering issued by PowerShares Global Funds has been tradable on Xetra and Börse Frankfurt since Tuesday.read more...
View ArticleNew db X-trackers Smart Beta ETF On Euro-Zone Companies Tradable On Xetra -...
A new db x-trackers ETF from the Deutsche Asset Management ETF product family has been available for trading on Xetra and Börse Frankfurt since Tuesday.read more...
View ArticleESMA Defines Common Supervisory Approach For CCPsâ Service Extensions...
The European Securities and Markets Authority (ESMA) has issued today an opinion defining a common supervisory approach for supervisors dealing with central counterparties (CCPs) wishing to extend...
View ArticleCME Group Announces Sir Tim Berners-Lee As The 2016 Melamed-Arditti...
CME Group's Center for Innovation today announced that Sir Tim Berners-Lee, inventor of the World Wide Web and Founding Director, World Wide Web Foundation, is the 12threcipient of the CME Group...
View Article