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MoneyScience Financial Training: Introduction to QuantLib Development with Luigi Ballabio - September 22-24, London, UK- Click For Further Information

October 2011

Open Source Wall Street

October 31, 2011 Comments (0)

Cade Metz writes over at Wired

Wall Street isn’t the most magnanimous of places. In fact, several thousand people continue to Occupy Wall Street because it won’t share what it has with others.
But NYSE Technologies is happy to play against type.
NYSE Technologies is the IT division of NYSE Euronext, the company that operates the New York Stock Exchange and various other exchanges across the globe. In essence, it provides tech services to the financial outfits that use these...

Andrew Lo: Reading About the Financial Crisis: A 21-Book Review

October 31, 2011 Comments (0)

The recent financial crisis has generated many distinct perspectives from various quarters. In this article, Professor Andrew Lo reviews a diverse set of 21 books on the crisis, 11 written by academics, and 10 written by journalists and one former Treasury Secretary.
"No single narrative emerges from this broad and often contradictory collection of interpretations, but the sheer variety of conclusions is informative, and underscores the desperate need for the economics profession to establish...

The economics of economics blogs

October 30, 2011 Comments (0)

Paolo Manasse Professor of Macroeconomics and International Economic Policy at the University of Bologna
Economists make it their business to know about incentives. Indeed they devote entire blogs to the subject. But what are the incentives for top economists to ‘waste’ time on these blogs in the first place? This column calls on researchers out there to find out.
Why do many economists, especially in the US, devote a lot of time and effort to manage a blog (notable examples are...

The Dodd-Frank Act, systemic risk and capital requirements

October 25, 2011 Comments (0)

By Viral Acharya and Matthew Richardson
Macroprudential regulation aims to reduce systemic risk by correcting the negative externalities caused by breakdowns in financial intermediation. This column describes the shortcomings of the Dodd-Frank legislation as a piece of macroprudential regulation. It says the Act’s ex post charges for systemic risk don’t internalise the negative externality and its capital requirements may be arbitrary and easily gamed.
The economic theory of...

Audio - How to break into the hedge fund industry with an internship

October 24, 2011 Comments (0)

Tradestreaming.com is a community resources for learning trading skills created by Zack Miller.
In this edition of Tradestreaming Radio Zack interviews an anonymous student enrolled on the JD / MBA Program at Harvard on his experience of landing a Hedge Fund internship.
How to break into the hedge fund industry with an internship by tradestreaming

Emanuel Derman: There’s Enough Math in Finance Already. What’s Missing is Imagination.

October 23, 2011 Comments (0)

Transcript
Emanuel Derman: In some sense, all of finance is about imagination because finance is about saying, what should something be worth today based on what I think is going to happen in the future?  Nobody knows what’s going to happen in the future.  And so all financial models are specifying in some way an imagined future and then saying, if that future is true, what should I pay for something today? And so for example, if you’re building an option model,...

The Week in MoneyScience - Digest 22/10/11

October 22, 2011 Comments (0)

Welcome to the latest edition of our Weekly Digest! To get a copy in your email box every Friday, you can SIGN UP HERE, or to see previous editions go HERE.
Featured | Sponsored | Announcements | Finance and Banking | Technology and Science | General Interest | Research
 

Featured

Andrew Lo: Fear, Greed, and Financial Crises: A Cognitive Neurosciences Perspective - bit.ly/rtP2QI
Margin Lending and Securitization: Regulations, Modelling and Technology - bit.ly/ruKONx
Chaotic...

Video - How to Avoid Herding in Research

October 17, 2011 Comments (0)

An individual fish reduces the danger to itself by swimming as close as possible to the center of the school. That is how schools hold together. John Davis says that researchers and fish are alike -- both engage in herd behavior. PhD production, the role of journals, the incestuous relationship between top universities -- Davis looks at it all with an eye to informing policy to promote diversity and alternative views in the profession.

John Davis is professor of history and...

A weekend of protest, from New York to Everywhere

October 17, 2011 Comments (0)

The momentum seems to be growing. Occupy Wall Street has gone global. Here's the BBC's Newsnight Economics Editor, Paul Mason on the events in London:

Who were they? This is not yet as demographically wide as the indignado camps in Madrid or Syntagma were when they first started. Nor is it as "mainstream" as Occupy Wall street - yet. Not a single mainstream British politician attempted to appear at the protest; not a single MP, not a single famous author or film-maker... Of the people I met:...

The Week in MoneyScience - Digest 14/10/11

October 14, 2011 Comments (0)

Welcome to the latest edition of our Weekly Digest! To get a copy in your email box every Friday, you can SIGN UP HERE, or to see previous editions go HERE.
Featured | Sponsored | Announcements | Finance and Banking | Technology and Science | General Interest | Research
 

Featured

Did you miss our weekly digest last week? bit.ly/ptGfUL
'Menger 1934 Revisited' or 'An error that has wended its way through economics for 77 years' - bit.ly/mQfjF0
Robert Shiller's Financial Markets...