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 …

The school finance reform ... …

design compares firm cohorts incorporated before the reform and after; in a robustness check we additionally draw on the …

In this paper, we assess whether welfare reform affects earnings only through mean impacts that are constant within but … job of capturing the treatment effect heterogeneity for Connecticut's Jobs First welfare reform experiment using quantile …

The 2005 split-share reform in China mandated the conversion of nontradable stocks into tradable status. This paper …, investment, value, and productivity as a result of the reform. We also identify changes in firms' likelihood to issue shares and …

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

We study a large-scale French reform that provided generous downside insurance for unemployed individuals starting a … business. We study whether this reform affects the composition of people who are drawn into entrepreneurship. New firms started … in response to the reform are, on average, smaller, but have similar growth expectations and education levels compared to …