Gated Neural Networks for Option Pricing: Rationality by Design....
We propose a neural network approach to price EU call options that significantly outperforms some existing pricing models and comes with guarantees that its predictions are economically reasonable. To...
View ArticleNew HKEX Group Website Launches
Hong Kong Exchanges and Clearing Limited (HKEX) released a revamped version of its Group website on the weekend featuring a suite of new features designed to improve functionality and make information...
View ArticleDalian Commodity Exchange: Notice On Adjustments To Minimum Trading Margin,...
According to Clause 9 of the “Measures of Dalian Commodity Exchange for Risk Management”, it has been decided upon discussion that DCE would make the following adjustments to the trading margin and...
View ArticleThe Saudi Stock Exchange Company (TADAWUL) Announces The Publication Of...
The Saudi Stock Exchange Company (TADAWUL) announces that it has dedicated a page for the updates related to the restriction periods on trading for major shareholders, board of directors and senior...
View ArticleDalian Commodity Exchange Sets Extended Delivery Warehouse Areas For Corn...
On September 9, Dalian Commodity Exchange (DCE) issued the “Notice on Yingkou Port Group Co., Ltd. Setting Extended Warehouse Areas for Corn Futures”, announcing to set the extended warehouse areas at...
View ArticleGlobal Financial Centres Index: London Remains On Top But We Await The Impact...
Today Z/Yen publishes the twentieth Global Financial Centres Index (GFCI 20). Z/Yen are delighted to be working in collaboration with the China Development Institute (CDI). The GFCI rates 87 financial...
View ArticleStock Exchange Of Thailand And Mutual Fund Participants Make Progress In Fund...
The Stock Exchange of Thailand (SET) and the alliances in the mutual fund industry have jointly developed a fund service platform to help broaden channel access of mutual fund efficiently. The new...
View ArticleCBOE Holdings Agrees To Acquire Bats Global Markets To Strengthen CBOE...
CBOE Holdings, Inc. (NASDAQ: CBOE) and Bats Global Markets, Inc. (Bats: BATS) today announced that they have entered into a definitive agreement, which has been approved by the Board of Directors of...
View ArticleCurveGlobal - Open Access Derivatives Venture Goes Live
CurveGlobal, the new interest rate derivatives venture developed by London Stock Exchange Group (LSEG) with a number of major dealer banks: Bank of America Merrill Lynch, Barclays, BNP Paribas, Citi,...
View ArticleThai Bourse To Revise Listing Criteria To Enhance Newly Listed...
The Stock Exchange of Thailand (SET) has amended the criteria for the new listing of securities on SET and Market for Alternative Investment (mai), aiming to enhance securities’ quality and increase...
View ArticleThai Alternative Bourse Highlights Role As Key Fundraising Source For SMEs
Market for Alternative Investment (mai) is committed to being a fundraising venue for small and medium-sized enterprises (SMEs). So far this year nine firms have been listed on mai, six more initial...
View ArticleOccupational Choice in Early Industrializing Societies: Experimental Evidence...
As low-income countries industrialize, workers choose between informal self-employment and low-skill manufacturing. What do workers trade off, and what are the long run impacts of this occupational...
View ArticleChild Poverty, the Great Recession, and the Social Safety Net in the United...
In this paper, we comprehensively examine the effects of the Great Recession on child poverty, with particular attention to the role of the social safety net in mitigating the adverse effects of shocks...
View ArticleMeasuring Effects of SNAP on Obesity at the Intensive Margin -- by Lorenzo N....
The effects of the Supplemental Nutrition Assistance Program (SNAP) on obesity have been the focus of much debate. However, causal interpretation of estimates from previous studies, comparing...
View ArticleUnderstanding why black women are not working longer -- by Joanna Lahey
Black women in current cohorts ages 50 to 72 years have lower employment than similar white women, despite having had higher employment when they were middle-aged and younger. Earlier cohorts of older...
View ArticleParental Resources and College Attendance: Evidence from Lottery Wins -- by...
We examine more than one million children whose parents won a state lottery to trace out the effect of additional household resources on college outcomes. The analysis draws on the universe of federal...
View ArticleWhy Do Estimates of the EMU Effect On Trade Vary so Much? -- by Andrew K. Rose
Larger data sets, with more countries and a longer span of time, exhibit systematically larger effects of European monetary union on trade. I establish this stylized fact with meta-analysis and confirm...
View ArticleAggregate Recruiting Intensity -- by Alessandro Gavazza, Simon Mongey,...
We develop a model of firm dynamics with random search in the labor market where hiring firms exert recruiting effort by spending resources to fill vacancies faster. Consistent with micro evidence, in...
View ArticleGlobalization, Inequality and Welfare -- by Pol Antras, Alonso de Gortari,...
This paper studies the welfare implications of trade opening in a world in which trade raises aggregate income but also increases income inequality, and in which redistribution needs to occur via a...
View ArticleQuality Predictability and the Welfare Benefits from New Products: Evidence...
We explore the consequence of quality unpredictability for the welfare benefit of new products, using recent developments in recorded music as our context. Digitization has expanded consumption...
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