This paper examines the consequences of the 2015 reform on the London fixing in the interbank forex market, which … behavior after the reform, and the volume spike in the fixing window disappeared. However, the anomalies on price dynamics … to examine the efficiency of banks' behavior after the reform. The volume pattern during the fixing time window suggests …

belief has led several countries to reform their labor markets and liberalize the use of fixed-term contracts. Despite how …. To fill this gap, we build a general equilibrium model with heterogeneous agents and firing costs in the tradition of …

Protection Act (BAPCPA), which raised the costs of filing for bankruptcy. We identify the effects of BAPCPA on borrowing costs by … exploiting variation in the effects of the reform on bankruptcy risk across credit-score segments. Using a combination of … administrative records, credit reports, and proprietary market-research data, we find that the reform reduced bankruptcy filings, and …

study a reform in Germany that abruptly abolished this mandate for certain firms incorporated after August 1994 but locked … effect on profitability, leverage, or costs of debt. Overall, the evidence is consistent with richer models of industrial …

Danish reform. We separately identify the effect of aid from that of other observed and unobserved variables such as parental … income. We exploit the combination of a kinked aid scheme and a reform of the student aid scheme to identify the effect of … direct costs on college enrollment. To allow for heterogeneous responses due to borrowing constraints, we use detailed …

evaluate using a unique reform. In 2005, Hungary switched from a single-step UI system to a two-step system, with unchanged …

their innovations. Upon the reform, Norway moved toward the typical U.S. model, where the university holds majority rights … patenting rates by university researchers after the reform. Quality measures for university start-ups and patents also decline …