In this study, we use the liquid and efficient bond ETF prices and CDX spreads to quantify the effects of the announcements of the Primary and Secondary Market Corporate Credit Facilities on the underlying corporate bonds. We find that those announcements triggered: (i) large and positive jumps...

In this study, we use the liquid and efficient bond ETF prices and CDX spreads to quantify the effects of the announcements of the Primary and Secondary Market Corporate Credit Facilities on the underlying corporate bonds. We find that those announcements triggered: (i) large and positive jumps...

Americans are living longer than ever before. Meanwhile, labor studies project a shortage of caregivers in future labor markets. This forces an urgent question: Who will take care of us once we are too old to take care of ourselves? Ai-jen Poo, a nationally recognized activist takes up this...

In recent years, workers' rights advocates have turned to a novel tactic in the fight against employer exploitation: pushing for the criminalization of wage theft. In a growing number of jurisdictions, advocates have persuaded lawmakers to pass laws imposing criminal sanctions — hefty fines...

Real estate portfolio diversification takes many forms, most of which can be associated with size (value). Larger portfolios are assumed to have greater diversification potential than small portfolios. In addition, since greater diversification is generally associated with lower risk it is...

Data depth provides a natural means to rank multivariate vectors with respect to an underlying multivariate distribution. Most existing depth functions emphasize a centre-outward ordering of data points, which may not provide a useful geometric representation of certain distributional features,...