Pegxit Pressure: Evidence from the Classical Gold Standard -- by Kris James...
We develop a simple model that highlights the costs and benefits of fixed exchange rates as they relate to trade, and show that negative export-price shocks reduce fiscal revenue and increase the...
View ArticleAn Analysis of the Labor Market for Uber's Driver-Partners in the United...
Uber, the ride-sharing company launched in 2010, has grown at an exponential rate. This paper provides the first comprehensive analysis of the labor market for Uber's driver-partners, based on both...
View ArticleMultilateral Trade Bargaining and Dominant Strategies -- by Kyle Bagwell,...
Motivated by GATT bargaining behavior and renegotiation rules, we construct a three-country, two-good general-equilibrium model of trade and examine multilateral tariff bargaining under the constraints...
View ArticleShifting College Majors in Response to Advanced Placement Exam Scores -- by...
Mapping continuous raw scores from millions of Advanced Placement examinations onto the 1 to 5 integer scoring scale, we apply a regression discontinuity design to understand how students' choice of...
View ArticleThe Impact of Emerging Market Competition on Innovation and Business Strategy...
How do firms in high-income countries adjust to emerging market competition? We estimate how a representative panel of Canadian firms adjusts innovation activities, business strategies, and exit in...
View ArticleMacro Risks and the Term Structure of Interest Rates -- by Geert Bekaert,...
We extract aggregate supply and aggregate demand shocks for the US economy from macroeconomic data on inflation, real GDP growth, core inflation and the unemployment gap. We first use unconditional...
View ArticlePseudo-wealth and Consumption Fluctuations -- by Martin Guzman, Joseph E....
This paper provides an explanation for situations in which the state variables describing the economy do not change, but aggregate consumption experiences significant changes. We present a theory of...
View ArticleThe Theory of Credit and Macro-economic Stability -- by Joseph E. Stiglitz
In the aftermath of the Great Recession, there is a growing consensus, even among central bank officials, concerning the limitations of monetary policy. This paper provides an explanation for the...
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LSEG To Acquire Mergent Inc.
London Stock Exchange Group (LSEG) today announces that it has signed an agreement to acquire 100 per cent of the issued share capital of Mergent’s holding company (the “Transaction”). The Mergent...
View ArticleICBC Singapore Adopts Thomson Reuters Electronic Trading
Industrial and Commercial Bank of China Limited (ICBC) Singapore Branch has adopted Thomson Reuters FX e-commerce solution Electronic Trading to strengthen its presence in the foreign exchange market....
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Speech By Federal Reserve Vice Chairman Stanley Fischer, At "A...
Watch live: http://www.cfr.org/monetary-policy/conversation-stanley-fischer/p38477 read more...
View ArticleDeutsche Börse: New SME-Segment To Facilitate Access To Growth Capital...
On 1 March 2017, Deutsche Börse will launch a new exchange segment designed to enhance access to investors and growth capital for smaller and medium-sized enterprises (SMEs). As a segment of the...
View ArticleS&P Global Platts & Intercontinental Exchange (ICE) To Improve...
S&P Global Platts ("Platts"), the leading independent provider of information and benchmark prices for the commodities and energy markets, and Intercontinental Exchange (ICE), a leading operator of...
View ArticleACER Board Of Appeal Appoints Andris Piebalgs As Its Chairman
The recently appointed members and alternates of the ACER’s Board of Appeal (BoA) met for the first time in Ljubljana on 17 November 2016 and designated Mr Andris Piebalgs as Chairman and Mr Jean-Yves...
View ArticleESMA Publishes Updated UCITS Q&A
The European Securities and Markets Authority (ESMA) has published an updated questions and answers document on the application of the Undertakings for the Collective Investment in Transferable...
View ArticleESMA: Questions And Answers On UCITS Directive
The revised Undertakings for Collective Investment in Transferable Securities (UCITS) Directive puts in place a comprehensive framework for the regulation of harmonised investment funds within Europe....
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Developments In The Green Bond Market - The Joint Seminar Held By ICMA And...
A total of 84 participants from the bond and financial sector took part in the Joint Seminar held by the International Capital Market Association (ICMA) and SIX Swiss Exchange last week. The focus was...
View ArticleChief Litigation Counsel Matthew C. Solomon To Leave SEC
The Securities and Exchange Commission today announced that Matthew C. Solomon, the Chief Litigation Counsel for the SEC’s Enforcement Division, will leave the agency early next month.read more...
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