Optimal Monetary Policy in a Collateralized Economy -- by Gary Gorton, Ping He
In the last forty or so years the U.S. financial system has morphed from a mostly insured retail deposit-based system into a system with significant amounts of wholesale short-term debt that relies on...
View ArticleStrategic Patient Discharge: The Case of Long-Term Care Hospitals -- by Paul...
Medicare's prospective payment system for long-term acute-care hospitals (LTCHs) gives providers modest reimbursements for short patient stays before jumping discontinuously to a large lump-sum payment...
View ArticleExecutive Lawyers: Gatekeepers or Strategic Officers? -- by Adair Morse, Wei...
Lawyers now serve as executives in 44% of corporations. Although endowed with gatekeeping responsibilities, executive lawyers face increasing pressure to use time on strategic efforts. In a lawyer...
View ArticleSeeding the S-Curve? The Role of Early Adopters in Diffusion -- by Christian...
In October 2014, all 4,494 undergraduates at the Massachusetts Institute of Technology were given access to Bitcoin, a decentralized digital currency. As a unique feature of the experiment, students...
View ArticleUnderstanding and Misunderstanding Randomized Controlled Trials -- by Angus...
The use of RCTs is spreading in economics. They are seen as desirable for discovery and for generating evidence for policy. Yet some of the enthusiasm for RCTs comes from misunderstandings: that...
View ArticleFinancial Safety Nets -- by Julien Bengui, Javier Bianchi, Louphou Coulibaly
In this paper, we study the optimal design of financial safety nets under limited private credit. We ask when it is optimal to restrict ex ante the set of investors that can receive public liquidity...
View ArticleMisreporting Trade: Tariff Evasion, Corruption, and Auditing Standards -- by...
In official international trade statistics, annual commerce between every pair of countries is reported twice: once by the importing country and once by the exporter. These double reports provide an...
View ArticleSovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy...
Nominal debt provides consumption-smoothing benefits if it can be inflated away during recessions. However, we document empirically that countries with more countercyclical inflation, where nominal...
View ArticleMigration Responses to Conflict: Evidence from the Border of the American...
The American Civil War fractured communities in border states where families who would eventually support the Union or the Confederacy lived together prior to the conflict. We study the subsequent...
View ArticleThe U.S. Economy in WWII as a Model for Coping with Climate Change -- by Hugh...
During World War II the United States rapidly transformed its economy to cope with a wide range of scarcities, such as shortfalls in the amounts of ocean shipping, aluminum, rubber, and other raw...
View ArticleNZX August 2016 Shareholder Metrics - Amended
Please find the August 2016 shareholder metrics attached.read more...
View ArticleBNP Paribas Investment Partners Goes Live With Commcise Global Commission...
Commcise, the provider of award-winning Integrated Commission Management Solutions for investment management firms, is pleased to announce that BNP Paribas Investment Partners has implemented...
View ArticleBSE: Revision Of Scrips In Trade To Trade Segment
This has reference to the procedure laid down under Exchange Notice No. 20140625-44 dated June 25, 2014, for moving in / out of trade to trade. The Stock Exchange with a view to take preventive...
View ArticleFlexTrade Introduces TradeGuide In FlexTRADER - Revolutionary Trade Data...
FlexTrade Systems (@FlexTrade), a global leader in multi-asset execution management systems, is delighted to introduce “TradeGuide” - a unique new way of visualising and presenting trade data in the...
View ArticleEuropean Stability Mechanism (ESM) Appoints Maurice Hickey As Head Of Middle...
The European Stability Mechanism (ESM) has appointed Maurice Hickey to the position of Head of Middle and Back Office & Portfolio Performance. He replaces Françoise Blondeel, who is now a member of...
View ArticleSolactive Launches Global Ethical Low Volatility AR EUR Index - Licensed To...
Solactive announces the release of the Solactive Global Ethical Low Volatility AR EUR Index, which tracks the performance of companies that display strong environmental, social and governance (ESG)...
View ArticleContego Achieves The Government's G Cloud 8 Accreditaion
Contego, the multi-source fraud detection platform, today announced that it has been selected to be part of the government’s G Cloud 8 Framework, a procurement platform that pairs cloud-based service...
View ArticleSGX Joins United Nations Sustainable Stock Exchanges Initiative
Singapore Exchange Ltd (SGX) is pleased to announce that it has joined the United Nations (UN) Sustainable Stock Exchanges (SSE) initiative as a Partner Exchange. The SSE initiative, opened by UN...
View ArticleCompliance Risk Reduced By New Reporting Eligibility Service From Risk Focus
Risk Focus, Inc., the leading provider of control and compliance solutions for regulatory trade and transaction reporting to the global capital markets, today announced the first implementation of...
View ArticleOslo Børs : Growing Emphasis On Corporate Responsibility
Oslo Børs yesterday became one of the first stock exchanges in the world to publish guidance on the reporting of corporate responsibility. read more...
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