A consistent framework for optimal liquidity management is presented. This framework optimizes the cost of covering expected cashflow gaps without violating regulatory and business constraints. Anticipated economic value loss, cashflow loss, and adverse market impact are the major drivers of...

This paper examines the causal relationship between financial openness and financial stability in the West African Economic and Monetary Union (WAEMU) from 1993 to 2011. We use two indicators of financial openness: the de jure financial openness and the de facto financial openness. We propose a...

Olonite 2/3.5 Rule (O2/3.5R) is a selection rule employed to reduce the stress of researchers who are to sample a large population while maintaining the optimal selection from the large population. Using a three sampling/selection techniques, the result showed that the Olonite 2/3.5 Rule gives a...

We extend the work done in our “Redux” paper from Oct 2011 to find a weighted composite U.S coincident economic index (CEI) that includes non-zero weightings from all 50 states and when used in a standard Probit model, produces a perfect correlation (R2 of 1) to NBER recession dating. We...

This paper applies data science techniques, specifically natural language processing algorithms, to a corpus comprised of the Bank of England’s MPC minutes. Whilst acknowledging that there is a considerable amount of fuzziness surrounding the use of such techniques, there is some evidence to...