Virtual Center for the Paradigmatic Studies

The Center for Financial Studies

We examine the impact of stock exchange trading rules and surveillance on the frequency and severity of suspected insider trading cases in 22 stock exchanges around the world over the period January 2003 through June 2011. Using new indices for market manipulation, insider trading, and broker-agency conflict based on the specific provisions of the trading rules of each stock exchange, along wit...

Center for Financial Studies

We examine the effects of credit default swaps (CDS), a major type of over-thecounter derivative, on the corporate liquidity management of the reference firms. CDS help firms to access the credit market since the lenders can hedge their credit risk more easily using these contracts. However, CDS-protected creditors can be tougher in debt renegotiations and less willing to support distressed bor...

Center for Cybercrime Studies

Center for Transportation Studies

Center for Advanced Studies

BB-CLASS is an ANSI C computer program that uses the Beta-B inomial model (and its extensions) for CLASS ification consistency and accuracy. It is intended to provide results for both the Hanson and Brennan (1990) and Livingston and Lewis (1995) procedures, although BB-CLASS has some capabilities that slightly extend these procedures. Both Macintosh and PC versions of BB-CLASS are available.