Financial equilibrium with asymmetric information and random horizon....
We study in detail and explicitly solve the version of Kyle's model introduced in \cite{BB} where the trading horizon is given by an exponentially distributed random time. The first part of the paper...
View ArticleREVISION: Risk Measures and Financial Innovation with Backward Stochastic...
Economic agents are exposed to the uncertain outcomes of future events. By enabling the exchange of securities, financial markets allow agents to reallocate their exposures in more efficient and...
View ArticleThe Engineering Design of Systems: Models and Methods, 3rd Edition
New for the third edition, chapters on: Complete Exercise of the SE Process, System Science and Analytics and The Value of Systems Engineeringread more...
View ArticleStop Talking, Start Doing Action Book: Practical tools and exercises to give...
Have you got an itch? To start your own business, go to the North Pole, retrain, lose weight, get promoted, learn to play the ukulele? Or do you just have a nagging sense that there must be more to...
View ArticleBahamas International Securities Exchange Q4, 2015 Statistical Report
JANUARY TO DECEMBER 2015 STATISTICAL REPORTread more...
View ArticleASIC's Latest Enforcement Report Outlines Key Outcomes And Areas Of Focus For...
ASIC has today released its enforcement report for the period 1 July 2015 to 31 December 2015.read more...
View ArticleWestpac MNI China Consumer Sentiment Indicator Regains Momentum In March -...
Chinese consumer sentiment increased sharply in March in a broad based improvement which saw greater optimism toward personal finances, the housing market and buying conditions.read more...
View ArticleASX - Equities Clearing Market Structure & Ownership Restrictions
The Treasurer, the Hon. Scott Morrison MP, today announced the outcome of a review into the market structure for equities clearing. ASX’s response and a copy of the Treasurer’s announcement are...
View ArticleTokyo Financial Exchange: Extension of Discount Program In Three-month...
This informs Members of the extension of the current Discount Program in Three-month Euroyen Futures (Euroyen). TFX has decided to extend the program until the end of September 2016.read more...
View Article30Mar/What drives the short-run costs of fiscal consolidation? Evidence from...
In a panel of OECD countries, we investigate the short-term effects of fiscal consolidation on output and employment, and how these vary with the state of the business cycle, monetary policy, the level...
View Article30Mar/Can a bank run be stopped? Government guarantees and the run on...
This paper analyzes the run on Continental Illinois in 1984. We find that the run slowed but did not stop following an extraordinary government intervention, which included the guarantee of all...
View Article30Mar/The causal effect of house prices on mortgage demand and mortgage...
We identify the causal effect of house prices on mortgage demand and supply in Switzerland by exploiting exogenous shocks to immigration and thereby to house prices. Detailed micro data on individual...
View ArticleMNI Russia Business Sentiment Indicator: Russian Business Sentiment Climbs To...
Russian business sentiment picked up markedly in March, with increased optimism helping to push many other areas of the survey closer to the neutral mark and in some cases into expansionary territory....
View ArticleNumerical approximation of a cash-constrained firm value with investment...
We consider a singular control problem with regime switching that arises in problems of optimal investment decisions of cash-constrained firms. The value function is proved to be the unique viscosity...
View ArticleA survey of time consistency of dynamic risk measures and dynamic performance...
In this work we give a comprehensive overview of the time consistency property of dynamic risk and performance measures, with focus on discrete time setup. The two key operational concepts used...
View ArticleBetting and Belief: Prediction Markets and Attribution of Climate Change....
Despite much scientific evidence, a large fraction of the American public doubts that greenhouse gases are causing global warming. We present a simulation model as a computational test-bed for climate...
View ArticleThe Conversion Code: Capture Internet Leads, Create Quality Appointments,...
"If you need more traffic, leads and sales, you need The Conversion Code."Neil Patel co-founder Crazy Egg"We've helped 11,000+ businesses generate more than 31 million leads and consider The...
View ArticleThe Art of Authenticity: Tools to Become an Authentic Leader and Your Best Self
The Art of Authenticity is a guide to becoming a better leader by achieving your best self. All people bring different sides of themselves to various situations. This book will show you how to broaden...
View ArticleDecision Quality: Value Creation from Better Business Decisions
Few things are as valuable in business, and in life, as the ability to make good decisions. Can you imagine how much more rewarding your life and your business would be if every decision you made were...
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