Q&A: The Equity Premium over Long Periods
A buy-and-hold for stocks appears to work well for long periods (such as 1975 - 1999) but then does poorly for extended periods as well, such as the most recent ten years. Isn't it clear that there are...
View ArticleQ&A: Hedge Funds and Securities Prices
Stock market analysts often claim that hedge funds represent a significant percentage of trading volume in securities markets. What effect, if any, do hedge funds have on stock and bond prices?...
View ArticleQ&A: Protecting Purchasing Power
U.S. budget deficits keep expanding and some of our largest trading partners have begun to question the dollar's role as the world's reserve currency. Both trends suggest a dim future for the...
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Conditional cores and conditional convex hulls of random sets....
We define two non-linear operations with random (not necessarily closed) sets in Banach space: the conditional core and the conditional convex hull. While the first is sublinear, the second one is...
View ArticleOptimal Risk Allocation in Reinsurance Networks. (arXiv:1711.10210v1 [q-fin.RM])
In this paper we consider reinsurance or risk sharing from a macroeconomic point of view. Our aim is to find socially optimal reinsurance treaties. In our setting we assume that there are $n$ insurance...
View ArticleComment on Suzuki's rebuttal of Batra and Casas. (arXiv:1711.10138v1 [q-fin.EC])
Batra and Casas (1976) claimed that 'a strong Rybczynski result' arises in the three-factor two-good general equilibrium trade model. In subsequent comments, Suzuki (1983) contended that this could not...
View ArticleThe energy price - commodity output relationship and the commodity price -...
We analyze how energy price and commodity price affect commodity output in a three-factor, two-good general equilibrium trade model with three factors (capital, labor, and imported energy),...
View ArticleValuing Exchange Options Under an Ornstein-Uhlenbeck Covariance Model....
In this paper we study the pricing of exchange options under a dynamic described by stochastic correlation with random jumps. In particular, we consider a Ornstein-Uhlenbeck covariance model with Levy...
View ArticleRemarks At The Third Annual Conference On The Evolving Structure Of The U.S....
Thank you, Michael [Strine], for that kind introduction.[1] I am delighted to join all of you at the Third Annual Conference on the Evolving Structure of the U.S. Treasury Market. I also want to...
View ArticleRemarks Of Craig Phillips, Counselor To The US Treasury Secretary, On Market...
IntroductionGood morning. Let me begin by thanking the Federal Reserve Bank of New York for co-hosting this important conference on the evolving structure of the U.S. Treasury Market. This conference...
View ArticleCboe Global Markets To Present At Goldman Sachs U.S. Financial Services 2017...
Cboe Global Markets, Inc. (Cboe: CBOE | Nasdaq: CBOE) announced today that Edward Tilly, Chairman and Chief Executive Officer, and Chris Concannon, President and Chief Operating Officer, will jointly...
View ArticleRemarks By U.S. Treasury Secretary Steven T. Mnuchin Before The Third Annual...
Good afternoon. Before I begin I want to thank the market participants here today and also thank the Federal Reserve Bank of New York for co-hosting this event with the Treasury Department.read more...
View ArticleIt's Official: Bitcoin's Price Makes History Passing $10k
The price of bitcoin has risen above $10,000 on CoinDesk's Bitcoin Price Index (BPI) for the first time.Â
View ArticleCFA Program Curriculum 2018 Level II, Volumes 1 - 6 Box Set
The same official curricula that CFA Program candidates receive with program registration is now publicly available for purchase. CFA Program Curriculum 2018 Level II, Volumes 1-6 provides the complete...
View ArticleCFA Program Curriculum 2018 Level III, Volumes 1 - 6 Box Set
The same official curricula that CFA Program candidates receive with program registration is now publicly available for purchase. CFA Program Curriculum 2018 Level III, Volumes 1-6 provides complete,...
View ArticleDeutsche Börse Commodities: Xetra-Gold® Celebrates 10th Anniversary
Xetra-Gold, Europe's leading gold-backed security, celebrates its 10th anniversary. Frankfurt Stock Exchange's trading opened today by the ringing of the stock exchange bell in honour of the occasion....
View ArticleLCH SA Goes Live With Repo Clearing Of Belgian Debt
LCH, a leading global clearing house, has extended its RepoClear service in LCH SA, its continental Europe-based entity. The Paris-based clearing house is now offering clearing for cash and repo trades...
View ArticleFTSE Russell Launches Two New Index Series To Support ESG Integration Into...
FTSE Russell, the global index, analytics and data provider, announces the expansion of its Sustainable Investment index offering with the launch of the FTSE Global Climate Index Series and the FTSE...
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