Wednesday, June 17, 2015

MoneyScience News

MoneyScience News


Published / Preprint: Government Intervention and Information Aggregation by Prices

Posted: 17 Jun 2015 03:35 AM PDT

Governments intervene in firms̢۪ lives in a variety of ways. To enhance the efficiency of government intervention, many researchers and policymakers call for governments to make use of information contained in stock market prices. However, price informativeness is endogenous to government policy. We analyze government policy in light of this endogeneity. In some cases, it is optimal for a...

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Published / Preprint: Modeling and Computation of Mean Field Equilibria in Producers' Game with Emission Permits Trading. (arXiv:1506.04869v1 [q-fin.EC])

Posted: 16 Jun 2015 05:37 PM PDT

In this paper, we present a mean field game to model the production behaviors of a very large number of producers, whose carbon emissions are regulated by government. Especially, an emission permits trading scheme is considered in our model, in which each enterprise can trade its own permits flexibly. By means of the mean field equilibrium, we obtain a Hamilton-Jacobi-Bellman (HJB)...

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Published / Preprint: An Exchange Rate Target Zone Model with a Terminal Condition and Mean-Reverting Fundamentals. (arXiv:1506.04880v1 [q-fin.EC])

Posted: 16 Jun 2015 05:37 PM PDT

This paper proposes a target zones exchange rate model with a terminal condition of entering a currency zone. It is assumed that the exchange rate is a function of the fundamental and time. Another essential assumptions of the model is that the fundamental process is bounded inside a band and that terminal condition for the exchange rate holds. The fundamental is specified in two ways: as a...

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Blog Post: iMFdirect: Financial Stability Committees: Learning from the Experts

Posted: 16 Jun 2015 08:17 AM PDT

By Jorge Roldos and Alejandro Wernerread more...

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Is FIX Moving to the Cloud? - The Trading Mesh's blog - The Trading Mesh

Posted: 16 Jun 2015 07:31 AM PDT

Is FIX Moving to the Cloud? http://t.co/ic1BG6roYp #hft — The Trading Mesh (@thetradingmesh) June 16, 2015

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Humblebragging: A Distinct – And Ineffective – Self-Presentation Strategy by Ovul Sezer, Francesca Gino, Michael I. Norton :: SSRN

Posted: 16 Jun 2015 07:10 AM PDT

I'm so deeply embarrassed to be just this awesome, but there's a Harvard study on Humblebragging you might like. http://t.co/vpOi1pU6CS — Stephen Kinsella…

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