Office Of Financial Research Update: The Interdisciplinary Approach To...
The OFR posted today remarks by Director Richard Berner, entitled, "The Interdisciplinary Approach to Financial Stability Analysis,"Â at the Conference on the New Pedagogy of Financial Regulation at the...
View ArticleBM&FBOVESPA Registers Record Trading In Mini Ibovespa Futures Contracts
BM&FBOVESPA obtained a record 895,351 mini Ibovespa futures contracts (WIN) traded in the BM&F segment yesterday. The previous record was 852,037 mini futures contracts traded, on September 13,...
View ArticleSEC Charges Board Member With Insider Trading During And After Board Meeting
The Securities and Exchange Commission today charged a Tennessee-based lawyer who served on the executive committee of the board of directors at Nashville-based Pinnacle Financial Partners with insider...
View ArticleCanadian Securities Regulators Announce Dates For British Columbia...
The Canadian Securities Administrators (CSA) today announced the dates for the British Columbia Securities Commission's (BCSC) roundtables to further explore issues raised in CSA Consultation Paper...
View ArticleBM&FBOVESPA Wins Transparency Trophy 8th Time In A Row
The Exchange is a winner of the Transparency Trophy in the category of Public Companies that have net earnings of up to BRL 5 billion. This is the 8th time in a row that the Exchange has won this...
View ArticleSEC: John W. Berry Named Associate Regional Director For Enforcement In Los...
The Securities and Exchange Commission today announced that John W. Berry has been named Associate Regional Director for Enforcement in the agency’s Los Angeles Regional Office.  read more...
View ArticleIIROC Outlines Next Steps To Address Concerns Of Small-Cap Issuers
The Investment Industry Regulatory Organization of Canada (IIROC) today published a summary of the comments received at a roundtable discussion of market structure issues affecting small-cap issuers...
View ArticleAbu Dhabi Securities Exchange Hosts The Annual Forum For Listed Companies
Chief Executive of Abu Dhabi Securities Exchange (ADX) Rashed Al Blooshi said that strengthening partnership with listed companies is part of ADX’s strategic aims - in addition to improving the...
View ArticleThe Causes and Consequences of Increased Female Education and Labor Force...
This article describes recent trends in female education and labor force participation in developing countries. It also reviews the literature on the causes and effects of the recent changes in female...
View ArticleInattention and Switching Costs as Sources of Inertia in Medicare Part D --...
The trend towards giving consumers choice about their health plans has invited research on how good they actually are at making these decisions. The introduction of Medicare Part D is an important...
View ArticleMobile Phones, Civic Engagement, and School Performance in Pakistan -- by...
The effective governance of local public services depends critically on the civic engagement of local citizens. However, recent efforts to promote effective citizen oversight of the public-sector...
View ArticleFiscal Risk and the Portfolio of Government Programs -- by Samuel G. Hanson,...
In this paper, we develop a new model for government cost-benefit analysis in the presence of risk. In our model, a benevolent government chooses the scale of a risky project in the presence of two key...
View ArticleDo Recessions Accelerate Routine-Biased Technological Change? Evidence from...
We show that skill requirements in job vacancy postings differentially increased in MSAs that were hit hard by the Great Recession, relative to less hard-hit areas, and that these differences across...
View ArticleAchieving Price Stability by Manipulating the Central Bank's Payment on...
Today, all major central banks pay or collect interest on reserves, and stand ready to use the interest rate as an instrument of monetary policy. We show that by paying an appropriate rate on reserves,...
View ArticleLocal Government and Old-Age Support in the New Deal -- by Daniel K. Fetter
A key question in the design of public assistance to the needy is how allocation of responsibility for funding and decision-making across different levels of government influences the level and type of...
View ArticleThe Effects of Income Mobility and Tax Persistence on Income Redistribution...
We explore the effect of income mobility and the persistence of redistributive tax policy on the level of redistribution in democratic societies. An infinite-horizon theoretical model is developed, and...
View ArticleInternational Financial Adjustment in a Canonical Open Economy Growth Model...
Gourinchas and Rey (2007) have shown that international financial adjustment (IFA) in the path of expected future returns on a country's international investment portfolio can complement or even...
View ArticleThe Determinants of Quality Specialization -- by Jonathan I. Dingel
A growing literature suggests that high-income countries export high-quality goods. Two hypotheses may explain such specialization, with different implications for welfare, inequality, and trade...
View ArticleEndogenous Network Formation in Congress -- by Nathan Canen, Francesco Trebbi
This paper presents and structurally estimates a model of endogenous network formation and legislative activity of career-motivated politicians. Employing data on socialization and legislative effort...
View ArticleA New Financial Order in Asia: Will a RMB bloc emerge? -- by Takatoshi Ito
The objective of this paper is three-fold. First, the monetary and exchange rate regimes of the Asian countries are described and analyzed. The degrees of flexibility in exchange rates and capital...
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