MoneyScience News |
- Vendor News: Infosys Finacle Achieves New Global Benchmarks for Processing Banking Transactions; Successfully Supports Over 1.9 Billion Customer Accounts on Oracle SuperCluster
- Blog Post: TheAlephBlog: Book Review: Letters to a Young Analyst
- Published / Preprint: Ramsey Rule with Progressive utility and Long Term Affine Yields Curves. (arXiv:1404.1913v1 [q-fin.CP])
- Published / Preprint: Financial bubbles: mechanisms and diagnostics. (arXiv:1404.2140v1 [q-fin.RM])
- Published / Preprint: Facelifting in Utility Maximization. (arXiv:1404.2227v1 [q-fin.PM])
- Blog Post: iMFdirect: As Demand Improves, Time to Focus More on Supply
- Blog Post: TheFinancialServicesClub: Bankers and regulators: do you want a Red or a Blue Pill (Matrix)?
- Published / Preprint: Sizing Up Repo
- Published / Preprint: Incentives and Endogenous Risk Taking: A Structural View on Hedge Fund Alphas
- Published / Preprint: The Executive Turnover Risk Premium
- Interview with Cyril Demaria, author of Introduction to Private Equity: Venture, Growth, LBO and Turn-Around Capital, 2nd Edition
| Posted: 09 Apr 2014 03:36 AM PDT Infosys Finacle core banking solution, running on an Oracle SuperCluster engineered system, has set new global benchmarks for the number of transactions processed across key banking functions. Visit MoneyScience for the Complete Article.      |
| Blog Post: TheAlephBlog: Book Review: Letters to a Young Analyst Posted: 08 Apr 2014 10:08 PM PDT read more... Visit MoneyScience for the Complete Article.    |
| Posted: 08 Apr 2014 05:47 PM PDT The purpose of this paper relies on the study of long term affine yield curves modeling. It is inspired by the Ramsey rule of the economic literature, that links discount rate and marginal utility of aggregate optimal consumption. For such a long maturity modelization, the possibility of adjusting preferences to new economic information is crucial, justifying the use of progressive utility. This... Visit MoneyScience for the Complete Article.    |
| Published / Preprint: Financial bubbles: mechanisms and diagnostics. (arXiv:1404.2140v1 [q-fin.RM]) Posted: 08 Apr 2014 05:47 PM PDT We define a financial bubble as a period of unsustainable growth, when the price of an asset increases ever more quickly, in a series of accelerating phases of corrections and rebounds. More technically, during a bubble phase, the price follows a faster-than-exponential power law growth process, often accompanied by log-periodic oscillations. This dynamic ends abruptly in a change of regime that... Visit MoneyScience for the Complete Article.    |
| Published / Preprint: Facelifting in Utility Maximization. (arXiv:1404.2227v1 [q-fin.PM]) Posted: 08 Apr 2014 05:47 PM PDT We establish the existence and characterization of a primal and a dual facelift - discontinuity of the value function at the terminal time - for utility-maximization in incomplete semimartingale-driven financial markets. Unlike in the lower- and upper-hedging problems, and somewhat unexpectedly, a facelift turns out to exist in utility-maximization despite strict convexity in the objective... Visit MoneyScience for the Complete Article.    |
| Blog Post: iMFdirect: As Demand Improves, Time to Focus More on Supply Posted: 08 Apr 2014 11:07 AM PDT By Olivier Blanchardread more... Visit MoneyScience for the Complete Article.    |
| Posted: 08 Apr 2014 09:00 AM PDT I had a Red Pill moment last week.read more... Visit MoneyScience for the Complete Article.    |
| Published / Preprint: Sizing Up Repo Posted: 08 Apr 2014 07:16 AM PDT To understand which short-term debt markets experienced “runs†during the financial crisis, we analyze a novel data set of repurchase agreements (repo), that is, loans between nonbank cash lenders and dealer banks collateralized with securities. Consistent with a run, repo volume backed by private asset-backed securities falls to near zero in the crisis. However, the reduction is only $182... Visit MoneyScience for the Complete Article.    |
| Published / Preprint: Incentives and Endogenous Risk Taking: A Structural View on Hedge Fund Alphas Posted: 08 Apr 2014 07:16 AM PDT Hedge fund managers are subject to several nonlinear incentives: performance fee options (call); equity investors' redemption options (put); and prime broker contracts allowing for forced deleverage (put). The interaction of these option-like incentives affects optimal leverage ex-ante, depending on the distance of fund-value from the high-water mark. We study how these endogenous effects... Visit MoneyScience for the Complete Article.    |
| Published / Preprint: The Executive Turnover Risk Premium Posted: 08 Apr 2014 07:15 AM PDT We establish that CEOs of companies experiencing volatile industry conditions are more likely to be dismissed. At the same time, accounting for various other factors, industry risk is unlikely to be associated with CEO compensation other than through dismissal risk. Using this identification strategy, we document that CEO turnover risk is significantly positively associated with compensation.... Visit MoneyScience for the Complete Article.    |
| Posted: 04 Apr 2014 02:39 AM PDT Interview with Cyril Demaria, author of Introduction to Private Equity: Venture, Growth, LBO and Turn-Around Capital, 2nd Editionread more... Visit MoneyScience for the Complete Article.    |
| You are subscribed to email updates from The Complete MoneyScience Reloaded To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |