MoneyScience News |
- Vendor News: Statement: Infosys announces realignment of organizational structure
- Blog Post: TheFinancialServicesClub: The future of Visa and other card schemes
- Published / Preprint: Systemic risk analysis in reconstructed economic and financial networks. (arXiv:1411.7613v1 [physics.soc-ph] CROSS LISTED)
- World business, finance, and political news from the Financial Times - FT.com
- Standard & Poor's Is Sorry About That Credit Crisis
- Published / Preprint: Anchoring on Credit Spreads
- Published / Preprint: An equilibrium model for spot and forward prices of commodities. (arXiv:1502.00674v1 [q-fin.EC])
- Published / Preprint: Quasi-Centralized Limit Order Books. (arXiv:1502.00680v1 [q-fin.TR])
- Published / Preprint: On the multiplicative effect of government spending (or any other spending for that matter). (arXiv:1502.00808v1 [q-fin.GN])
- Published / Preprint: How volatilities nonlocal in time affect the price dynamics in complex financial systems. (arXiv:1502.00824v1 [q-fin.GN])
- Published / Preprint: An Optimal Multiple Stopping Approach to Infrastructure Investment Decisions. (arXiv:1502.00861v1 [q-fin.EC])
- Published / Preprint: A New Methodology for Estimating Internal Credit Risk and Bankruptcy Prediction under Basel II Regime. (arXiv:1502.00882v1 [q-fin.EC])
- Published / Preprint: A Directional Multivariate Value at Risk. (arXiv:1502.00908v1 [q-fin.RM])
- Google Brain’s Co-Inventor Tells Why He’s Building Chinese Neural Networks
- Published / Preprint: Wall Street Occupations
- Blog Post: WealthandCapitalMarketsBlog: Fidelity Buys eMoney Advisor, But Is It Too Much to Chew?
- Published / Preprint: Worldwide clustering of the corruption perception. (arXiv:1502.00104v1 [q-fin.EC])
- Published / Preprint: Power-law correlations in finance-related Google searches, and their cross-correlations with volatility and traded volume: Evidence from the Dow Jones Industrial components. (arXiv:1502.00225v1 [q-fin.ST])
- Published / Preprint: Optimal Derivative Liquidation Timing Under Path-Dependent Risk Penalties. (arXiv:1502.00358v1 [q-fin.MF])
- Vendor News: February 2, 2015 - SS&C Technologies to Acquire Advent Software
- Blog Post: iMFdirect: Disinflation in EU Countries outside the Eurozone
- Published / Preprint: 02Feb/Guidance on accounting for expected credit losses issued by the Basel Committee
- Inheritance: how Britain’s wealthy still keep it in the family
| Vendor News: Statement: Infosys announces realignment of organizational structure Posted: 05 Feb 2015 04:07 AM PST Infosys today announced that it will realign its organizational structure to enhance the company’s agility in the market and sharpen its competitive differentiation across service lines. The realignment is effective from April 1, 2015. Visit MoneyScience for the Complete Article.      |
| Blog Post: TheFinancialServicesClub: The future of Visa and other card schemes Posted: 05 Feb 2015 12:47 AM PST Someone asked me yesterday: what do you think will happen to the card schemes in the future?read more... Visit MoneyScience for the Complete Article.    |
| Posted: 04 Feb 2015 05:38 PM PST The assessment of fundamental properties for economic and financial systems, such as systemic risk, is systematically hindered by privacy issues$-$that put severe limitations on the available information. Here we introduce a novel method to reconstruct partially-accessible networked systems of this kind. The method is based on the knowledge of the fitnesses, $i.e.$, intrinsic node-specific... Visit MoneyScience for the Complete Article.    |
| World business, finance, and political news from the Financial Times - FT.com Posted: 04 Feb 2015 06:09 AM PST Democratising finance: vision for bitcoin is beginning to fade - http://t.co/KMrtnxUW2k http://t.co/nlxRIrE34z — John Lothian (@JohnLothian) February 4, 2015 Visit MoneyScience for the Complete Article.    |
| Standard & Poor's Is Sorry About That Credit Crisis Posted: 04 Feb 2015 06:09 AM PST If investors were defrauded, why are they still persuaded by S&P ratings? Because everyone was in on it? http://t.co/C7SxDRndi8 — John Kiff (@Kiffmeister)… Visit MoneyScience for the Complete Article.    |
| Published / Preprint: Anchoring on Credit Spreads Posted: 04 Feb 2015 04:41 AM PST This paper documents that the path of credit spreads since a firm's last loan influences the level at which it can currently borrow. If spreads have moved in the firm's favor (i.e., declined), it is charged a higher interest rate than justified by current fundamentals, while if spreads have moved to the firm's detriment, it is charged a lower rate. We evaluate several possible explanations for... Visit MoneyScience for the Complete Article.    |
| Posted: 03 Feb 2015 05:38 PM PST We consider a market model that consists of financial investors and producers of a commodity. Producers optionally store some production for future sale and go short on forward contracts to hedge their future commodity price uncertainty. On the other hand, speculators invest in these contracts to diversify their portfolios. The forward and the spot equilibrium commodity prices are endogenously... Visit MoneyScience for the Complete Article.    |
| Published / Preprint: Quasi-Centralized Limit Order Books. (arXiv:1502.00680v1 [q-fin.TR]) Posted: 03 Feb 2015 05:38 PM PST A quasi-centralized limit order book (QCLOB) is a limit order book (LOB) in which financial institutions can only access the trading opportunities offered by counterparties with whom they possess sufficient bilateral credit. We perform an empirical analysis of a recent, high-quality data set from a large electronic trading platform that utilizes QCLOBs to facilitate trade. We find many... Visit MoneyScience for the Complete Article.    |
| Posted: 03 Feb 2015 05:38 PM PST There is, among the economist ecosystem, the idea of virtuous public spending as a form of promotion of economic growth. If we think on the way GDP is measured, it is not possible to get that conclusion because it becomes circular: measuring the money flow obviously will detect directly the public spending but always mixed with the flow of money from other sources. The question is how virtuous is... Visit MoneyScience for the Complete Article.    |
| Posted: 03 Feb 2015 05:38 PM PST What is the dominating mechanism of the price dynamics in financial systems is of great interest to scientists. The problem whether and how volatilities affect the price movement draws much attention. Although many efforts have been made, it remains challenging. Physicists usually apply the concepts and methods in statistical physics, such as temporal correlation functions, to study financial... Visit MoneyScience for the Complete Article.    |
| Posted: 03 Feb 2015 05:38 PM PST The energy and material processing industries are traditionally characterized by very large-scale physical capital that is custom-built with long lead times and long lifetimes. However, recent technological advancement in low-cost automation has made possible the parallel operation of large numbers of small-scale and modular production units. Amenable to mass-production, these units can be more... Visit MoneyScience for the Complete Article.    |
| Posted: 03 Feb 2015 05:37 PM PST Credit estimation and bankruptcy prediction methods have been utilizing Altman's $z$ score method for the last several years. It is reported in many studies that $z$ score is sensitive to changes in accounting figures. Researches have proposed different variations to conventional $z$ score that can improve the prediction accuracy. In this paper we develop a new multivariate non-linear model for... Visit MoneyScience for the Complete Article.    |
| Published / Preprint: A Directional Multivariate Value at Risk. (arXiv:1502.00908v1 [q-fin.RM]) Posted: 03 Feb 2015 05:37 PM PST In economics, insurance and finance, value at risk (VaR) is a widely used measure of the risk of loss on a specific portfolio of financial assets. For a given portfolio, time horizon, and probability $\alpha$, the $100\alpha\%$ VaR is defined as a threshold loss value, such that the probability that the loss on the portfolio over the given time horizon exceeds this value is... Visit MoneyScience for the Complete Article.    |
| Google Brain’s Co-Inventor Tells Why He’s Building Chinese Neural Networks Posted: 03 Feb 2015 02:29 AM PST Google Brain's Co-inventor Tells Why He's Building Chinese Neural Networks http://t.co/KitA7CkhEB — moneyscience (@moneyscience) February 3, 2015 Visit MoneyScience for the Complete Article.    |
| Published / Preprint: Wall Street Occupations Posted: 02 Feb 2015 11:25 PM PST Many finance jobs entail the risk of large losses, and hard-to-monitor effort. We analyze the equilibrium consequences of these features in a model with optimal dynamic contracting. We show that finance jobs feature high compensation, up-or-out promotion and long work hours, and are more attractive than other jobs. Moral hazard problems are exacerbated in booms, even though pay increases.... Visit MoneyScience for the Complete Article.    |
| Blog Post: WealthandCapitalMarketsBlog: Fidelity Buys eMoney Advisor, But Is It Too Much to Chew? Posted: 02 Feb 2015 07:06 PM PST The wolves have been circling eMoney Advisor for some time now. But it is Fidelity Investments, and not some pinstriped P/E firm, that has gobbled up the financial planning lamb. Should we be surprised?read more... Visit MoneyScience for the Complete Article.    |
| Posted: 02 Feb 2015 05:47 PM PST We inspect a possible clustering structure of the corruption perception among 134 countries. Using the average linkage clustering, we uncover a well-defined hierarchy in the relationships among countries. Four main clusters are identified and they suggest that countries worldwide can be quite well separated according to their perception of corruption. Moreover, we find a strong connection between... Visit MoneyScience for the Complete Article.    |
| Posted: 02 Feb 2015 05:47 PM PST We study power-law correlations properties of the Google search queries for Dow Jones Industrial Average (DJIA) component stocks. Examining the daily data of the searched terms with a combination of the rescaled range and rescaled variance tests together with the detrended fluctuation analysis, we show that the searches are in fact power-law correlated with Hurst exponents between 0.8 and 1.1.... Visit MoneyScience for the Complete Article.    |
| Posted: 02 Feb 2015 05:47 PM PST This paper studies the risk-adjusted optimal timing to liquidate an option at the prevailing market price. In addition to maximizing the expected discounted return from option sale, we incorporate a path-dependent risk penalty based on shortfall or quadratic variation of the option price up to the liquidation time. We establish the conditions under which it is optimal to immediately liquidate or... Visit MoneyScience for the Complete Article.    |
| Vendor News: February 2, 2015 - SS&C Technologies to Acquire Advent Software Posted: 02 Feb 2015 01:56 PM PST    |
| Blog Post: iMFdirect: Disinflation in EU Countries outside the Eurozone Posted: 02 Feb 2015 07:31 AM PST By Plamen Iossifov and Jiri Podpieraread more... Visit MoneyScience for the Complete Article.    |
| Posted: 02 Feb 2015 05:26 AM PST Press release about the Basel Committee issuing guidance on accounting for expected credit losses (2 February 2015). Visit MoneyScience for the Complete Article.    |
| Inheritance: how Britain’s wealthy still keep it in the family Posted: 02 Feb 2015 03:22 AM PST The "elasticity" of intergenerational wealth is a remarkably stable http://t.co/QIgMSoWfgI — Risk Management (@Risk_Mgmt) February 2, 2015 Visit MoneyScience for the Complete Article.    |
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