Quantifying Retail Agglomeration using Diverse Spatial Data....
Newly available data on the spatial distribution of retail activities in cities makes it possible to build models formalized at the level of the single retailer. Current models tackle consumer location...
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Did the founding of the Federal Reserve affect the vulnerability of the...
As a result of legal restrictions on branch banking, an extensive interbank system developed in the United States during the 19th century to facilitate interregional payments and flows of liquidity and...
View ArticleBanking industry dynamics and size-dependent capital regulation
This paper presents a general equilibrium model with a dynamic banking sector to characterize optimal size-dependent bank capital regulation (CR). Bank leverage choices are subject to the risk-return...
View ArticleIOSCO identifies the risks to retail investors of OTC leveraged products
IOSCO/MR/31/2016read more...
View ArticleIOSCO consults on order routing incentives in ongoing effort to protect...
IOSCO/MR/32/2016read more...
View ArticleIOSCO monitors growing use of automated advice tools to protect investors
IOSCO/MR/33/2016read more...
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Why Design Thinkers Need Grit
Lili Ermezei, Creative Strategy Director at Wonder Agency, makes the case in this terrific blog post that, "Being gritty is essential for successful design projects." I agree wholeheartedly. Some...
View ArticleLeverage and Uncertainty. (arXiv:1612.07194v1 [q-fin.RM])
Risk and uncertainty will always be a matter of experience, luck, skills, and modelling. Leverage is another concept, which is critical for the investor decisions and results. Adaptive skills and...
View ArticleConditional loss probabilities for systems of economic agents sharing...
We analyze systems of agents sharing light-tailed risky claims issued by different financial objects. Assuming exponentially distributed claims, we obtain that both agents' and system's losses follow...
View ArticleAnalytic solution to variance optimization with no short-selling....
A large portfolio of independent returns is optimized under the variance risk measure with a ban on short positions. The no-short selling constraint acts as an asymmetric $\ell_1$ regularizer, setting...
View ArticlePricing Derivatives in Hermite Markets. (arXiv:1612.07016v1 [q-fin.MF])
We introduce Hermite fractional financial markets, where market uncertainties are described by multidimensional Hermite motions. Hermite markets include as particular cases financial markets driven by...
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LME Clear and LME announce the appointment of James Proudlock as Deputy Chief...
LME Clear and the London Metal Exchange (LME) are pleased to announce the appointment of James Proudlock as Deputy Chief Executive for LME Clear. James will join in April 2017 and he will report to the...
View ArticleRethinking How You Set Your Goals (and form New Year's Resolutions)
Duke's Dorie Clark has some good advice in her HBR blog post regarding goal setting strategies. Clark first cites some interesting research on the ineffectiveness of to-do lists:Indeed, one indication...
View ArticleWeekly Top 5 Papers – December 19, 2016
1. Sensation Seeking, Sports Cars, and Hedge Funds by Stephen Brown (New York University (NYU) – Leonard N. Stern School of Business) and Yan Lu (University of Central Florida-Department of Finance)...
View ArticleThe AICPA Audit Committee Toolkit: Private Companies, 2nd Edition
The AICPA Audit Committee Toolkit: Private Companies helps audit committees of private companies at all levels discover best practices for managing and incorporating their role within the organization....
View ArticleThe AICPA Audit Committee Toolkit: Public Companies, 3rd Edition
The 2014 edition of this popular product will help audit committees of public companies achieve best practices for managing and incorporating their role in the organization.read more...
View ArticleStatement on Auditing Standards, Number 128: Using the Work of Internal Auditors
As a result of its Clarity Project, the Auditing Standards Board (ASB) has issued Statement on Auditing Standards (SAS) No. 128, Using the Work of Internal Auditors, to supersede SAS No. 65, The...
View ArticleGovernment Auditing Standards and Single Audits: Audit Guide
Fully updated for the OMB Uniform Guidance for federal awards.read more...
View ArticleAudit Guide: Analytical Procedures
AICPA Audit Guides are developed and updated to provide guidance and tools for practitioners as they perform audit engagements.read more...
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