Trading on the Floor after Sweeping the Book. (arXiv:2001.06445v1 [q-fin.TR])
Informed traders need to trade fast in order to profit from their private information before it becomes public. Fast electronic markets provide such liquidity. Slow markets provide execution in an...
View ArticleThe sub-fractional CEV model. (arXiv:2001.06412v1 [q-fin.MF])
The sub-fractional Brownian motion (sfBm) could be considered as the intermediate step between the standard Brownian motion (Bm) and the fractional Brownian motion (fBm). By the way, subfractional...
View ArticleCommunicability in the World Trade Network -- A new perspective for community...
Community detection in a network plays a crucial role in the economic and financial contexts, specifically when applied to the World Trade Network. We provide a new perspective in which clusters of...
View ArticleCorporate Governance, Noise Trading and Liquidity of Stocks....
Our main task is to study the effect of corporate governance on the market liquidity of listed companies' stocks. We establish a theoretical model that contains the heterogeneity of investors' beliefs...
View ArticleComparing School Choice and College Admission Mechanisms By Their Immunity to...
Recently dozens of school districts and college admissions systems around the world have reformed their admission rules. As a main motivation for these reforms the policymakers cited strategic flaws of...
View ArticleRecovering Network Structure from Aggregated Relational Data using Penalized...
Social network data can be expensive to collect. Breza et al. (2017) propose aggregated relational data (ARD) as a low-cost substitute that can be used to recover the structure of a latent social...
View ArticleExamining the correlation of the level of wage inequality with labor market...
Technological change is responsible for major changes in the labor market. One of the offspring of technological change is the SBTC, which is for many economists the leading cause of the increasing...
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When online sellers use different prices for different consumers
Do you shop online? If so, sellers are likely to know a lot about you: purchase histories, browsing histories, where you live, which operating system you use, and so on. Consumers and policymakers are...
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ISDA, AFME, ICMA, SIFMA and SIFMA AMG Launch Benchmark Transition Roadmap
ISDA, the Association of Financial Markets in Europe (AFME), International Capital Market Association (ICMA) and the Securities Industry and Financial Markets Association (SIFMA) and its asset...
View ArticleISDA CEO on CNBC Squawk Box: Discussing Transition Away from LIBOR
CNBC Squawk Box: Scott OâMalia, CEO at ISDA, says a method must be developed for the transfer of legacy contracts to a “safer, more robust transaction base” beyond Libor. The post ISDA CEO on CNBC...
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ISDA, AFME, ICMA, SIFMA and SIFMA AMG Publish Global Benchmark Report
ISDA, the Association of Financial Markets in Europe (AFME), International Capital Market Association (ICMA) and the Securities Industry and Financial Markets Association (SIFMA) and its asset...
View ArticleIBOR Global Benchmark Transition Report
Interbank offered rates (IBORs) play a central role in financial markets, and act as reference rates to hundreds of trillions of dollars in notional amount of derivatives and trillions of dollars in...
View ArticleInterbank Offered Rate (IBOR) Fallbacks for 2006 ISDA Definitions
Consultation on Certain Aspects of Fallbacks for Derivatives Referencing GBP LIBOR, CHF LIBOR, JPY LIBOR, TIBOR, Euroyen TIBOR and BBSW ISDA is amending its standard documentation to implement...
View ArticlePromotion through Connections: Favors or Information?. (arXiv:1708.07723v2...
Connections appear to be helpful in many contexts such as obtaining a job, a promotion, a grant, a loan or publishing a paper. This may be due to favoritism or to information conveyed by connections....
View ArticleMeasuring the Input Rank in Global Supply Networks. (arXiv:2001.08003v1...
In this paper, we introduce the Input Rank as a measure to study the organization of global supply networks at the firm level. We model the case of a firm that needs assessing the technological...
View ArticleInvestor Experiences and International Capital Flows. (arXiv:2001.07790v1...
We propose a novel explanation for classic international macro puzzles regarding capital flows and portfolio investment, which builds on modern macro-finance models of experience-based belief...
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National electronic health records implementation: a tale with a happy ending?
Aiming to improve healthcare efficiency and quality, countries around the globe, including Singapore, the UK, Japan and the US, are implementing nationwide electronic health records (EHRs). Recent...
View ArticleTaking messaging and data ingestion systems to the next level
The Data Exchange Podcast: Sijie Guo on how Apache Pulsar is able to handle both queuing and streaming, and both online and offline applications.Subscribe: iTunes, Android, Spotify, Stitcher, Google,...
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