Staying at zero with affine processes: An application to term structure modelling
Authors: Alain Monfort, Fulvio Pegoraro, Jean-Paul Renne and Guillaume Roussellet
Publication: Journal of Econometrics, Vol. 201, No. 2, 2017, pp. 348-366.
Abstract:
Professor Chaudhury on the new Rohingya approach
In a blog post for bdnews24.com, Desautels professor Mo Chaudhury assesses the Bangladesh Government鈥檚 response to the humanitarian crisis in Myanmar concerning the Rohingyas, asserting that the current response contrasts with past related policy.
Mo Chaudhury on the Rohingya crisis, Bangladesh and the West
In a recent op-ed for Bangladeshi online newspaper bdnews24.com, Desautels Professor Mo Chaudhury explores the unfolding Rohingya humanitarian disaster in Myanmar, then outlines the corruption at the heart of the crisis and the players who stand to benefit from it.
Professor Vihang Errunza named a Fellow of the Royal Society of Canada
The Desautels Faculty of Management is pleased to congratulate Professor Vihang Errunza, Associate Dean, Research, on being named a Fellow of the Royal Society of Canada鈥檚 Social Sciences Academy.
Investment, overconfidence and the female edge
A piece in Les Affaires looks at how our emotions and confidence can get the better of us when it comes to our investment practises, citing the panic in 2008 as proof that the markets are ruled more by investor emotion than by rationality.
Stock overreaction to extreme market events
Authors: Pedro Piccolia, Mo Chaudhury, Alceu Souza and Wesley Vieirada Silvaa
Publication: The North American Journal of Economics and Finance, Vol. 41, July 2017
Abstract:
The paper investigates the behavior of individual US stocks during the 21 trading days following the event of extreme movement in the market index on a day.
Leverage and asymmetric volatility: The firm-level evidence
Authors: Jan Ericsson, Xiao Huang, Stefano Mazzotta
Publication: Journal of Empirical Finance, Volume 38, Part A, September 2016, Pages 1-21
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Inflation or recession? The US Fed tries to untangle a financial mystery
A Weekly Standard op-ed examines the way the Fed is trying to tame a $4-trillion quantitative easing problem in case another recession hits.
Ottawa鈥檚 pot pricing plan likely to be affected by low rates in Quebec
Ottawa is going to have to find a way to keep legalized cannabis on the affordable side, thanks to the already low prices in Quebec. A new Public Safety Canada report states that, for comparable quality marijuana, Quebec pot consumers pay about $5.33 per gram, while non-Quebecers average $7.04.
Cannabis legalization and private enterprise in Quebec
This summer, the Quebec government will be running consultations into how legalized cannabis will be sold in Quebec. For Ottawa, the aim is that the provinces will regulate sales, hopefully with public health as the ultimate goal.
Female deans share advice for young women graduating from business schools
For convocation season, Poets & Quants asked several female deans of business schools what the current crop of new female grads should think about as they start out in the high-octane world of business, whether they鈥檙e entering the workforce or striking out on their own.
Desautels professor on Bangladesh Government鈥檚 bank-deposits tax
In a recent piece for The Daily Star, Desautels professor Mo Chaudhury calls the tax on bank deposits in the Government of Bangladesh鈥檚 2017-18 budget a bad call, and gives six examples that outline exactly why. He acknowledges the ongoing budgetary challenges faced by the country, but counters that taxing bank deposits may send savers towards stocks, real-estate or even the black market, which will just compound the problem.
Short seller鈥檚 morning tweet seems to sink shares of two Canadian companies
After of a sell-off of shares in two Canadian companies was apparently triggered by a short seller鈥檚 morning tweet, Desautels professor Ken Lester derided the tweet, saying that 鈥淭here鈥檚 no recourse. People can just put out whatever they want on the Internet.鈥�
Toward a New Bretton Woods Agreement
Desautels Professor of Finance, Reuven Brenner, was recently published in American Affairs Journal, a quarterly journal of public policy and political thought.
2016-17 Desautels Teaching Awards
Congratulations to Professor Juan Serpa and Professor Sujata Madan who have been selected as the recipients of the聽2016-17 Desautels Faculty Teaching Award聽for聽Undergraduate聽and聽Graduate聽teaching, respectively.聽
