In January 2015, when theSwiss National Bank(SNB) pulled the price floor between the euro and the Swiss franc, the value of the franc rose by as much as 25 percent in a matter of minutes, which wiped out margin traders, and the losses were borne by the brokers. While credit checks co...
Estimation-wise, for the PE and SNB metrics, weighting across sectors is conducted on the basis of the sector’s market share, while for notational purposes, we group all three metrics into matrix Xt.2 To distinguish between intentional and unintentional herding we run the regression(2)CSADtc=...
then the question whether a government can spend only depends on its ability to sell bonds. If nobody wants to buy bonds, the government’s account will not revert to zero and this will give the central bank a red light. It is not allowed to spend for the government. That does not...
The alleged rogue trades have killed any remaining ambitions UBS might have to compete with the titans of Wall Street. They also cast a huge shadow across the entir…
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https:// creativecommons.org/licenses/by/ 4.0/). Abstract: In order to minimize human–wildlife conflicts, long-term and data-based management plans need to ...
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