Wednesday, March 26, 2014

MoneyScience News

MoneyScience News


Blog Post: TheFinancialServicesClub: Forget operational risk, let's talk about systems risk

Posted: 26 Mar 2014 03:49 AM PDT

I know that I keep blogging to banks to rip out and replace their core systems if they’re not fit for purpose, but today the point really rammed home hard.read more...

Visit MoneyScience for the Complete Article.

Blog Post: TheAlephBlog: On National Western Life

Posted: 25 Mar 2014 10:09 PM PDT

From respected reader:read more...

Visit MoneyScience for the Complete Article.

Published / Preprint: The role of the "Maximizing Output Growth Inflation Rate" in monetary policy. (arXiv:1403.6112v1 [q-fin.GN])

Posted: 25 Mar 2014 05:39 PM PDT

The paper discusses the role of monetary policy when potential output depends on the inflation rate. If the intention of the central bank is to maximize actual output growth, then it has to be credibly committed to a strict inflation targeting rule, and to take the MOGIR (the Maximizing Output Growth Inflation Rate) as the target.

Visit MoneyScience for the Complete Article.

Published / Preprint: Utility maximization in the large markets. (arXiv:1403.6175v1 [q-fin.PM])

Posted: 25 Mar 2014 05:39 PM PDT

In the large financial market, which is described by a model with countably many traded assets, we formulate the problem of the expected utility maximization. Assuming that the preferences of an economic agent are modeled with a stochastic utility and that the consumption occurs according to a stochastic clock, we obtain the "usual" conclusions of the utility maximization theory. We also give a...

Visit MoneyScience for the Complete Article.

Published / Preprint: Do Bitcoins make the world go round? On the dynamics of competing crypto-currencies. (arXiv:1403.6378v1 [physics.soc-ph])

Posted: 25 Mar 2014 05:39 PM PDT

Bitcoins have emerged as a possible competitor to usual currencies, but other crypto-currencies have likewise appeared as competitors to the Bitcoin currency. The expanding market of crypto-currencies now involves capital equivalent to $10^{10}$ US Dollars, providing academia with an unusual opportunity to study the emergence of value. Here we show that the Bitcoin currency in itself is not...

Visit MoneyScience for the Complete Article.

Blog Post: iMFdirect: India's Investment Slowdown: The High Cost of Economic Policy Uncertainty

Posted: 25 Mar 2014 01:16 PM PDT

By Rahul Anand and Volodymyr Tulinread more...

Visit MoneyScience for the Complete Article.

Vendor News: Infosys Signs five-year deal with Swedenâs Länsförsäkringar AB

Posted: 25 Mar 2014 04:09 AM PDT

Infosys has signed a five-year agreement with Länsförsäkringar AB (LFAB) to provide application development and management support for its life and non-life insurance business.

Visit MoneyScience for the Complete Article.