4. High-Frequency Trading: A Note on Spot vs. Future Trades, Property Rights, and Settlement Risk by Guillaume Vuillemey
Textbook descriptions of financial markets draw a clear and seemingly unambiguous distinction between spot and future transactions. Whereas future transactions are often confined to derivatives markets, everyday trades on stocks, bonds or other assets are said to be spot. Furthermore, common descriptions of spot transactions usually do not distinguish between (i) the time a trade is agreed upon and (ii) the time it is paid for and delivered, as both are assumed, by definition, to take place virtually at the same point in time.
In 2014 there was a record number of skyscrapers and super skyscrapers around the world. In addition to frenzied skyscraper building, there has also been several existing skyscraper that have changed hands at “superlative” prices in recent years. According to Bisnow:
3. Money by David Howden
Economists* beyond a certain age will recall a simple mnemonic when listing money’s main functions: “Money is a matter of functions four, a medium, a measure, a standard, a store.” The four functions of the categorization of money are known today as the, (1) medium of account, (2) measure (or unit) of value, (3) standard of deferred payments, and (4) store of valu
The BBC reports the government of Iceland has announced it is no longer seeking EU membership for the North Atlantic state:
Foreign Minister Gunnar Bragi Sveinsson said he had already informed current EU president Latvia and the European Commission about the cabinet’s move...
Economists, philosophers, business scholars, and political scientists from all over the world flocked to Auburn, Alabama recently for the 2015 Austrian Economics Research Conference. They came to share their own research and new ideas and to collaborate and comment on other scholars’ work. There were 140 attendees from 15 different countries, 30 US states, and 42 different colleges and universities.
