Global Policy, EarlyView.ABSTRACT As central banks move to adopt digital currencies (CBDCs), two issues arise: the implications for monetary sovereignty and the potential efficiencies from cross‐border interoperability. The former is particularly a concern for emerging market central banks, while the latter affects all states. Emerging markets have used capital flow management
Yanyang Chu, Nina Srinivasan Rathbun
wiley +1 more source
International Pricing with Costly Consumer Arbitrage [PDF]
, 1999 Simon P. Anderson, Victor Ginsburgh
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Inter-market Arbitrage in Sports Betting [PDF]
Unlike the existing literature on sports betting, which concentrates on arbitrage within a single market, this paper examines inter-market arbitrage by searching for arbitrage opportunities through combining bets at the bookmaker and the exchange market.
Egon Franck +2 more
core
Superannuation Tax Burdens: Conceptual Issues*
Economic Papers: A journal of applied economics and policy, EarlyView.Taxes are levied on contributions to and earnings of Australian superannuation funds (but not on superannuants' withdrawals). For most people, the statutory rates are lower than the marginal personal income tax rate on their labour income. However, the effective rate of superannuation taxes can be much higher than the statutory rates, due to the ...
Jonathan James Pincus
wiley +1 more source
New trading strategy in investment and a new anomaly: A study of the hedge funds from emerging and developed markets. [PDF]
Heliyon, 2023 Wong WK +4 more
europepmc +1 more source
Interest Rate Arbitrage in Currency Baskets: Forecasting Weights and Measuring Risk [PDF]
, 1999 Peter Christoffersen, Lorenzo Giorgianni
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Investor overreactions to transnational peer firm earnings: The role of accounting standards
Contemporary Accounting Research, EarlyView.Abstract This study finds that accounting standards play an important role in cross‐border investor reactions to peer firm earnings. Specifically, we document that when international peer firms report under the same accounting standards, investors overreact to peer firms' earnings announcements.
Manuel Herkenhoff, Martin Nienhaus
wiley +1 more source
A Necessary and Sufficient Condition for Absence of Arbitrage with Tame Portfolios [PDF]
, 1995 Shlomo Levental, Antolii V. Skorohod
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10‐K complexity, analysts' forecasts, and price discovery in capital markets
Accounting &Finance, EarlyView.Abstract This paper examines the behaviour of stock prices and analysts' earnings forecasts following firms' increasingly complex 10‐K filings. Our evidence suggests that greater information uncertainty outweighs greater analyst ability, and the net effect drives greater underreaction in analysts' earnings forecasts following the release of more ...
Jamie Diaz +2 more
wiley +1 more source
The impact of tax reduction on enterprises' financialization-A quasi-natural experiment based on the reduction of VAT rate. [PDF]
PLoS One, 2023 Duan S, Lu Y, Cheng Y, Liu Q.
europepmc +1 more source