Should we regulate dark trading? This paper studies the effect of suspending dark pools on market fragmentation and liquidity. Using the European regulation MiFID II as a quasi-natural experiment, I show that dark volumes are redirected to lit venues and periodic auctions, in line with a...

Pupil segmentation is a first and important topic of iris recognition, identity recognition and eye movement information extraction for mental analysis. However, due to the negative effects of eyelash occlusion, eyelid occlusion and off-gaze deflection, making a precise pupil segmentation is a...

We hypothesize that firms required by SFAS No. 131 to begin disclosing segment information attempt to counteract potential competitive harm by increasing information redaction. Using a difference-in-difference setting, we find that firms increasing the number of reported segments after the rule...

This paper links the US fiscal condition to the common variations in risk premia driving global risky asset prices. I find that deteriorations in the US fiscal condition i) coincide with elevated levels of global risk premia and ii) predict higher future global equity returns at short, medium...

China is the largest clothing producer in the world and has the largest production capacity for textile mill products consisting of cotton, man-made fibers and silk. With the improving living standard of the Chinese people, local demand for high-quality textile and apparel goods continues to...

We show that dealer market power impedes the pass-through of monetary policy in repo markets, which is an important first stage of monetary policy transmission. In the European repo market, most participants do not have access to trade on centralized exchanges. Rather, they rely on OTC...