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The World’s “Hot” Money [Chart]

The World’s “Hot” Money [Chart]

Every year, roughly $1 trillion flows illegally out of developing and emerging economies due to crime, corruption, and tax evasion. This amount is more than these countries receive in foreign direct investment and foreign aid combined. This week, a new […]

Pakistan Carries Out Nuclear Missile Test

Pakistan Carries Out Nuclear Missile Test

Amid ongoing tensions with nuclear-armed neighbor India, Pakistan has test fired a nuclear capable missile with a range of 2,750 kilometers. The missile test was carried out on Friday, just two days after Indian officials traveled to Pakistan for a […]

NRG Energy is a Definite Takeout Candidate

NRG Energy is a Definite Takeout Candidate David Crane Resigns In case you missed it David Crane resigns Thursday and the stock gets hammered on Friday to the likes of almost 20% at one point in trading, putting in a […]

Backtesting Systemic Risk Measures During Historical Bank Runs

Backtesting Systemic Risk Measures During Historical Bank Runs

Backtesting Systemic Risk Measures During Historical Bank Runs Christian T. Brownlees Universitat Pompeu Fabra – Department of Economics and Business; Barcelona Graduate School of Economics (Barcelona GSE) Benjamin Remy Chabot Federal Reserve Bank of Chicago Eric Ghysels University of North […]