The Political Economy of Underfunded Municipal Pension Plans -- by Jeffrey...
This paper analyzes the determinants of underfunding of local government's pension funds using a politico-economic overlapping generations model. We show that a binding downpayment constraint in the...
View ArticleKeeping College Options Open: A Field Experiment to Help All High School...
Recent research suggests that the college application process itself prevents access. This paper reports results from a large school-based experiment in which application assistance is incorporated...
View ArticleMacroeconomics and Household Heterogeneity -- by Dirk Krueger, Kurt Mitman,...
The goal of this chapter is to study how, and by how much, household income, wealth, and preference heterogeneity amplify and propagate a macroeconomic shock. We focus on the U.S. Great Recession of...
View ArticleClaims-Shifting: The Problem of Parallel Reimbursement Regimes -- by Olesya...
Parallel reimbursement regimes, under which providers have some discretion over which payer gets billed for patient treatment, are a common feature of health care markets. In the U.S., the largest such...
View ArticleAdult Mortality Five Years after a Natural Disaster: Evidence from the Indian...
Exposure to extreme events has been hypothesized to affect subsequent mortality because of mortality selection and scarring effects of the event itself. We examine survival at and in the five years...
View ArticleDoes Legalization Reduce Black Market Activity? Evidence from a Global Ivory...
Black markets are estimated to represent a fifth of global economic activity, but their response to policy is poorly understood because participants systematically hide their actions. It is widely...
View ArticleThe Effect of Cigarette Prices on Cigarette Sales: Exploring Heterogeneity in...
Numerous studies have examined the effect of cigarette prices on cigarette consumption. These studies either evaluate the price elasticity of demand for each observation and report the average price...
View ArticleAccuity Recognized As A Category Leader In 2016 RiskTech Quadrant®...
Accuity, the leading global provider of risk and compliance, payments and know-your-customer (KYC) solutions, now incorporating FircoSoft, the leading global provider of watch list filtering solutions,...
View ArticleAbu Dhabi Global Market And Cayman Islands Monetary Authority Sign MoU On...
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and the Cayman Islands Monetary Authority (CIMA) signed a Memorandum of Understanding (MoU) putting in place a...
View ArticleCME Group's Terry Duffy To Testify At House Agriculture Subcommittee Hearing...
CME Group Executive Chairman and President Terry Duffy will appear before a hearing of the U.S. House Agriculture Committee's Subcommittee on Commodity Exchanges, Energy & Credit today to testify...
View ArticleBats Hotspot To Launch Outright Forwards For FX Market - Initiative Launch...
Bats Hotspot today announced plans to offer global trading of outright deliverable forwards contracts, with a launch planned for fall 2016.read more...
View ArticleKU Leuven, Imperial College London And The University Of Cambridge Lead The...
The Reuters Top 100 aims to identify which institutions contribute the most to science and technology, and have the greatest impact on the global economy. The ranking uses proprietary data and analysis...
View ArticleSAP And AxiomSL Partner To Provide Next Generation Financial Risk And...
SAP, a market leader in enterprise application software and AxiomSL, the global leader in regulatory reporting and risk management solutions, today announced the launch of a new high performance...
View ArticleTMX Equity Transfer Services Changes Name To TSX Trust
TMX Equity Transfer Services today announced it has changed its name to TSX Trust. TSX Trust provides transfer agency and corporate trust services to public and private companies and investors as well...
View ArticleAll Speedbumps Are Not Created Fair Or Equal, Warns TABB Group - New Research...
Speedbumps are implemented to benefit liquidity providers by slowing down marketable orders to reduce the adverse selection risk of posting liquidity, as well as to dissuade fast traders who want to...
View ArticleQuantitative Brokers Algorithm Saves CTA $9.5M In Transaction Costs Over...
Quantitative Brokers (“QB”), a leading provider of agency algorithms for futures and fixed income markets, has released the findings from a 34-month comparative analysis study by a CTA client. The...
View ArticleTestimony On âOversight Of The U.S. Securities And Exchange...
Thank you for inviting me to testify today regarding the current work and initiatives of the U.S. Securities and Exchange Commission (SEC or Commission).[1] The SEC is a critical agency that serves as...
View ArticleBroadridge Broadens Its Securities Financing And Collateral Management...
Broadridge Financial Solutions, Inc. (NYSE:BR) today announced that it has expanded its global securities financing and collateral management capabilities through the acquisition of 4sight Financial...
View ArticleINTL FCStone Ltd.'s Global Payments Division Issues Operational Update;...
INTL FCStone Inc. (NASDAQ: INTL) today announced that its London-based subsidiary, INTL FCStone Ltd.'s Global Payments Division ("GPD" or "the Company"), facilitated approximately 101,000 cross-border...
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