Monday, January 26, 2015

MoneyScience News

MoneyScience News


Belief in "raw brilliance" may decrease academic diversity | National Science Foundation

Posted: 26 Jan 2015 04:25 AM PST

"The field-specific ability beliefs hypothesis" - http://t.co/7mCs5bkPfn — moneyscience (@moneyscience) January 26, 2015

Visit MoneyScience for the Complete Article.

IBM To Cut More Than 110,000 Jobs, Report Says

Posted: 26 Jan 2015 04:25 AM PST

The largest corporate layoff ever - IBM is reportedly cutting 111,800 staff http://t.co/eOqULtp4sM http://ift.tt/1JNw3aB — Sky News (@SkyNews) January 26,…

Visit MoneyScience for the Complete Article.

Blog Post: TheFinancialServicesClub: Man vs Machine: can the City be run by one man and his dog?

Posted: 26 Jan 2015 01:47 AM PST

I’ve used a joke for a long time about the City being run by just a man and a dog.  The dog is there to stop the man from touching the computers. The man is there to feed the dog.read more...

Visit MoneyScience for the Complete Article.

Blog Post: WealthandCapitalMarketsBlog: On the cusp: regional integration in Asia

Posted: 26 Jan 2015 01:46 AM PST

It’s 2015, the mid-point of the decade and a good time to start looking at major trends in Asian financial services over the next five to ten years.read more...

Visit MoneyScience for the Complete Article.

Published / Preprint: Interbank markets and multiplex networks: centrality measures and statistical null models. (arXiv:1501.05751v1 [q-fin.GN])

Posted: 25 Jan 2015 05:38 PM PST

The interbank market is considered one of the most important channels of contagion. Its network representation, where banks and claims/obligations are represented by nodes and links (respectively), has received a lot of attention in the recent theoretical and empirical literature, for assessing systemic risk and identifying systematically important financial institutions. Different types of...

Visit MoneyScience for the Complete Article.

Published / Preprint: Positively-homogeneous Konus-Divisia indices and their applications to demand analysis and forecasting. (arXiv:1501.05771v1 [math.OC])

Posted: 25 Jan 2015 05:38 PM PST

This paper is devoted to revealed preference theory and its applications to testing economic data for consistency with utility maximization hypothesis, construction of index numbers, and forecasting. The quantitative measures of inconsistency of economic data with utility maximization behavior are also discussed. The structure of the paper is based on comparison between the two tests of revealed...

Visit MoneyScience for the Complete Article.

Published / Preprint: Arbitrage-Free Pricing of XVA -- Part I: Framework and Explicit Examples. (arXiv:1501.05893v1 [q-fin.PR])

Posted: 25 Jan 2015 05:38 PM PST

We develop a novel framework for computing the total valuation adjustment (XVA) of a European claim accounting for funding costs, counterparty credit risk, and collateralization. Based on no-arbitrage arguments, we derive the nonlinear backward stochastic differential equations (BSDEs) associated with the replicating portfolios of long and short positions in the claim. This leads to the...

Visit MoneyScience for the Complete Article.