FMG

Central clearing counterparties (CCPs) manage counterparty risk by requiring clearing members to post margins. This paper explores the role of margins...

What determines whether and how regulations are reformed? We use a newly constructed data set of 3,590 successful and failed regulatory reforms in 189...

We study how firms choose to allocate control over strategic corporate decisions between shareholders and management in a historical setting where...

We show that the standard econometric framework typically yields inconsistent estimates of price discovery measures in the presence of richer market...