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10 Years After The Financial Crisis, Is The Housing Market Still At Risk?, Jeff Andrews Aug 2018

10 Years After The Financial Crisis, Is The Housing Market Still At Risk?, Jeff Andrews

Documents

No abstract provided.


Kpmg Faces Criticism For Espirito Santo Audit Work, Patricia Kowsmann, David Enrich, Margot Patrick Aug 2018

Kpmg Faces Criticism For Espirito Santo Audit Work, Patricia Kowsmann, David Enrich, Margot Patrick

Documents

No abstract provided.


Rbi Annual Report 2017-18, Reserve Bank Of India Aug 2018

Rbi Annual Report 2017-18, Reserve Bank Of India

Documents

No abstract provided.


Interim Report By The Fsc Containing Information On The Legal Action Against Roskilde's Management., Finansiel Stabilitet (Fsc) Aug 2018

Interim Report By The Fsc Containing Information On The Legal Action Against Roskilde's Management., Finansiel Stabilitet (Fsc)

Documents

No abstract provided.


Reserve Requirements And Optimal Chinese Stabilization Policy, Chun Chang, Zheng Liu, Mark Spiegel, Jingyi Zhang Aug 2018

Reserve Requirements And Optimal Chinese Stabilization Policy, Chun Chang, Zheng Liu, Mark Spiegel, Jingyi Zhang

Documents

No abstract provided.


Automobile History, History.Com Editors Aug 2018

Automobile History, History.Com Editors

Documents

No abstract provided.


Slippery Fish: Enforcing Regulation When Agents Learn And Adapt, Andres Gonzalez Lira, Ahmed Musfiq Mobarak Aug 2018

Slippery Fish: Enforcing Regulation When Agents Learn And Adapt, Andres Gonzalez Lira, Ahmed Musfiq Mobarak

Cowles Foundation Discussion Papers

Attempts to curb undesired behavior through regulation gets complicated when agents can adapt to circumvent enforcement. We test a model of enforcement with learning and adaptation, by auditing vendors selling illegal fish in Chile in a randomized controlled trial, and tracking them daily using mystery shoppers. Conducting audits on a predictable schedule and (counter-intuitively) at high frequency is less effective, as agents learn to take advantage of loopholes. A consumer information campaign proves to be almost as cost-effective and curbing illegal sales, and obviates the need for complex monitoring and policing. The Chilean government subsequently chooses to scale up this …


Decision (Eu) 2018/1148 Of The European Central Bank Of 10 August 2018 On The Eligibility Of Marketable Debt Instruments Issued Or Fully Guaranteed By The Hellenic Republic And Repealing Decision (Eu) 2016/1041, European Central Bank (Ecb) Aug 2018

Decision (Eu) 2018/1148 Of The European Central Bank Of 10 August 2018 On The Eligibility Of Marketable Debt Instruments Issued Or Fully Guaranteed By The Hellenic Republic And Repealing Decision (Eu) 2016/1041, European Central Bank (Ecb)

Documents

ECB decision noting the end of Greece's Economic Adjustment Program and subsequent end of the fourth waiver allowing Greek debt in open-market operations regardless of credit rating


State Aid Sa. 51042 (2018/N) – Portugal - 17th Extension Of The Portuguese Guarantee Scheme, European Union: European Commission Aug 2018

State Aid Sa. 51042 (2018/N) – Portugal - 17th Extension Of The Portuguese Guarantee Scheme, European Union: European Commission

Documents

No abstract provided.


Ricardo Salgado: Nine Lawsuits, 21 Crimes So Far, Eco News Aug 2018

Ricardo Salgado: Nine Lawsuits, 21 Crimes So Far, Eco News

Documents

No abstract provided.


Court Cases Complicate Finsac Wind-Up, Avia Collinder Aug 2018

Court Cases Complicate Finsac Wind-Up, Avia Collinder

Documents

No abstract provided.


The Resolution Fund Repaid All Of Its External Debt Prior To Its Maturity, Szanálási Alap Aug 2018

The Resolution Fund Repaid All Of Its External Debt Prior To Its Maturity, Szanálási Alap

Documents

No abstract provided.


Deposit Insurance And Policy Owners' Protection Schemes (Amendment) Act 2018, Singapore: Parliament Of Singapore Aug 2018

Deposit Insurance And Policy Owners' Protection Schemes (Amendment) Act 2018, Singapore: Parliament Of Singapore

Documents

No abstract provided.


Brain Training And Meditation’S Effects On Memory In Subjects With Vascular Cognitive Impairment, Sarah Savoia Aug 2018

Brain Training And Meditation’S Effects On Memory In Subjects With Vascular Cognitive Impairment, Sarah Savoia

Yale School of Medicine Physician Associate Program Theses

Vascular Dementia (VaD) is an important public health concern, which causes significant morbidity and mortality amongst populations around the world. With the increases in average age of individuals and prevalence of cardiovascular risk factors, the incidence of vascular cognitive impairment (VCI) and VaD are on the rise. Most of this increase will come from cerebral small vessel disease (CSVD) as treatment for large vessel disease improves. Yet, very few interventions are recommended for CSVD beyond control of risk factors. In this thesis, we propose a non-pharmacological intervention, which we believe may address executive dysfunction in VCI due to CSVD. CSVD …


Does Use Of A Molecular Rapid Pathogen Kit Improve Outcomes In The Bacteremic And Critically Ill?, Julie P. Gedalecia Aug 2018

Does Use Of A Molecular Rapid Pathogen Kit Improve Outcomes In The Bacteremic And Critically Ill?, Julie P. Gedalecia

Yale School of Medicine Physician Associate Program Theses

Sepsis is a pervasive condition that carries a tremendous burden of disease in the form of financial cost, morbidity, and mortality. Culturing methods slow clinicians’ ability to begin focused treatment, and increased antimicrobial resistance only intensifies the need for improved diagnostic tools. Rapid molecular diagnostic tests can shorten time to identify organisms, reduce inappropriate antibiotic treatment, and improve patient outcomes. A newly approved test has proven fast and accurate for identification and susceptibility, but has not been studied in regard to clinical outcomes. Our study will compare the effect of the Accelerate™ system versus standard identification and susceptibility tests on …


Can Network Theory-Based Targeting Increase Technology Adoption?, Lori Beaman, Ariel Benyishay, Jeremy Magruder, Ahmed Mushfiq Mobarak Aug 2018

Can Network Theory-Based Targeting Increase Technology Adoption?, Lori Beaman, Ariel Benyishay, Jeremy Magruder, Ahmed Mushfiq Mobarak

Discussion Papers

No abstract provided.


Risk Aversion And Double Marginalization, Soheil Ghili, Matthew Schmitt Aug 2018

Risk Aversion And Double Marginalization, Soheil Ghili, Matthew Schmitt

Cowles Foundation Discussion Papers

In vertical markets, eliminating double marginalization with a two-part tariff may not be possible due to downstream firms' risk aversion. When demand is uncertain, contracts with large fixed fees expose the downstream rm to more risk than contracts that are more reliant on variable fees. In equilibrium, contracts may thus rely on variable fees, giving rise to double marginalization. Counterintuitively, we show that increased demand risk or risk aversion can actually mitigate double marginalization. We also characterize several sufficient conditions under which increased risk or risk aversion does exacerbate double marginalization. We conclude with an application to merger analysis.


Early Stimulation And Nutrition: The Impacts Of A Scalable Intervention, Orazio P. Attanasio, Helen Baker-Henningham, Raquel Bernal, Costas Meghir, Diana Pineda, Marta Rubio-Codina Aug 2018

Early Stimulation And Nutrition: The Impacts Of A Scalable Intervention, Orazio P. Attanasio, Helen Baker-Henningham, Raquel Bernal, Costas Meghir, Diana Pineda, Marta Rubio-Codina

Cowles Foundation Discussion Papers

This paper evaluates the effects of the implementation of a structured early stimulation curriculum combined with a nutritional intervention through public large-scale parenting support services for vulnerable families in rural Colombia, known as FAMI, using a clustered randomized controlled trial. We randomly assigned 87 towns in rural areas to treatment and control and 1,460 children younger than 1 year of age were assessed at baseline. The interventions were also complemented with training, supervision and coaching of FAMI program facilitators. We assessed program effects on children’s nutritional status, and on cognitive and socio-emotional development; as well as on parental practices. The …


Consolidated Financial Statements For 1h 2018, Public Joint-Stock Company Bank Otkritie Financial Corporation Aug 2018

Consolidated Financial Statements For 1h 2018, Public Joint-Stock Company Bank Otkritie Financial Corporation

Documents

No abstract provided.


Crashed: How A Decade Of Financial Crises Changed The World, Adam Tooze Aug 2018

Crashed: How A Decade Of Financial Crises Changed The World, Adam Tooze

Documents

No abstract provided.


The Political Origins Of Section 13(3) Of The Federal Reserve Act, Parinitha Sastry Aug 2018

The Political Origins Of Section 13(3) Of The Federal Reserve Act, Parinitha Sastry

Documents

No abstract provided.


Precautionary And Liquidity Line - Operational Guidance Note, International Monetary Fund (Imf) Aug 2018

Precautionary And Liquidity Line - Operational Guidance Note, International Monetary Fund (Imf)

Documents

No abstract provided.


Flexible Credit Line - Operational Guidance Note, International Monetary Fund (Imf) Aug 2018

Flexible Credit Line - Operational Guidance Note, International Monetary Fund (Imf)

Documents

No abstract provided.


Modern Instruments Of Banking Sector Control And The Effect They Had Since Their Implementation In Russian Federation, Darya P. Karpova, Elena V. Kruglikova Aug 2018

Modern Instruments Of Banking Sector Control And The Effect They Had Since Their Implementation In Russian Federation, Darya P. Karpova, Elena V. Kruglikova

Documents

The main focus of this article is the analysis of various bank liquidity management instruments. Special attention is paid to the world banking regulation transformation under the influence of overall global instability


Enforcing Regulation Under Illicit Adaptation, Andrés González Lira, Ahmed Mushfiq Mobarak Aug 2018

Enforcing Regulation Under Illicit Adaptation, Andrés González Lira, Ahmed Mushfiq Mobarak

Cowles Foundation Discussion Papers

Attempts to curb illegal activity by enforcing regulations gets complicated when agents react to the new regulatory regime in unanticipated ways to circumvent enforcement. We present a research strategy that uncovers such reactions, and permits program evaluation net of such adaptive behaviors. Our interventions were designed to reduce over-fishing of the critically endangered Pacific hake by either (a) monitoring and penalizing vendors that sell illegal fish or (b) discouraging consumers from purchasing using an information campaign. Vendors attempt to circumvent the ban through hidden sales and other means, which we track using mystery shoppers. Instituting random monitoring visits are much …


Markets For Information: An Introduction, Dirk Bergemann, Alessandro Bonatti Aug 2018

Markets For Information: An Introduction, Dirk Bergemann, Alessandro Bonatti

Cowles Foundation Discussion Papers

We survey a recent and growing literature on markets for information. We offer a comprehensive view of information markets through an integrated model of consumers, information intermediaries, and firms. The model embeds a large set of applications ranging from sponsored search advertising to credit scores to information sharing among competitors. We then review a mechanism design approach to selling information in greater detail. We distinguish between ex ante sales of information (the buyer acquires an information structure) and ex post sales (the buyer pays for specific realizations). We relate this distinction to the different products that brokers, advertisers, and publishers …


Unobserved Heterogeneity In Auctions, Philip A. Haile, Yuichi Kitamura Aug 2018

Unobserved Heterogeneity In Auctions, Philip A. Haile, Yuichi Kitamura

Cowles Foundation Discussion Papers

A common concern in the empirical study of auctions is the likely presence of auction-specific factors that are common knowledge among bidders but unobserved to the econometrician. Such unobserved heterogeneity confounds attempts to uncover the underlying structure of demand and information, typically a primary feature of interest in an auction market. Unobserved heterogeneity presents a particular challenge in first-price auctions, where identification arguments rely on the econometrician’s ability to reconstruct from observables the conditional probabilities that entered each bidder’s equilibrium optimization problem; when bidders condition on unobservables, it is not obvious that this is possible. Here we discuss several approaches …


Information Content Of Dsge Forecasts, Ray C. Fair Aug 2018

Information Content Of Dsge Forecasts, Ray C. Fair

Cowles Foundation Discussion Papers

This paper examines the question whether information is contained in forecasts from DSGE models beyond that contained in lagged values, which are extensively used in the models. Four sets of forecasts are examined. The results are encouraging for DSGE forecasts of real GDP. The results suggest that there is information in the DSGE forecasts not contained in forecasts based only on lagged values and that there is no information in the lagged-value forecasts not contained in the DSGE forecasts. The opposite is true for forecasts of the GDP deflator.


Can Network Theory-Based Targeting Increase Technology Adoption?, Lori Beaman, Ariel Benyishay, Jeremy Magruder, Ahmed Mushfiq Mobarak Aug 2018

Can Network Theory-Based Targeting Increase Technology Adoption?, Lori Beaman, Ariel Benyishay, Jeremy Magruder, Ahmed Mushfiq Mobarak

Cowles Foundation Discussion Papers

In order to induce farmers to adopt a productive new agricultural technology, we apply simple and complex contagion diffusion models on rich social network data from 200 villages in Malawi to identify seed farmers to target and train on the new technology. A randomized controlled trial compares these theory-driven network targeting approaches to simpler strategies that either rely on a government extension worker or an easily measurable proxy for the social network (geographic distance between households) to identify seed farmers. Our results indicate that technology diffusion is characterized by a complex contagion learning environment in which most farmers need to …


How The Financial Crash Of The 1990s Happened And Why, Edward Seaga Jul 2018

How The Financial Crash Of The 1990s Happened And Why, Edward Seaga

Documents

No abstract provided.