A Market without HFT?
How choices in market design affect the fortunes of various types of investors.
A Market without HFT?How to spot risky investments
Credit ratings based on credit-default swaps can provide transparent and effective signals of default risk.
For firms that defaulted, relative ratings provided the clearest indication of trouble ahead.
Drew D. Creal, Robert B. Gramacy, and Ruey S. Tsay, “Market-Based Credit Ratings,” Journal of Business & Economic Statistics, July 2014. Chart reprinted with permission from Taylor & Francis. Copyright 2014.
How choices in market design affect the fortunes of various types of investors.
A Market without HFT?Most consumers support ‘private sanctions’—even if it costs them money.
On Russian Aggression, Americans Want Companies to Vote with Their FeetWhen negotiations are mediated by third-party brokers, success is tied to getting the deal done as quickly as possible.
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