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Alberto Musalem, formerly of Evincee Asset Management and the New York Fed, has been chosen to succeed James Bullard as president of the St. Louis Fed. Musalem will not take charge until April 2
As of November 1st, he took over as non-executive director of the company.
Investegate announcements from Man Group plc, Directorate Change
-- this post authored by Alexander Kroeger and Asani Sarkar Bitcoin is the most popular virtual currency yet developed. Proponents assert that bitcoin can remove frictions involved in payment and settlement systems by eliminating the need for the financial intermediaries that exist in traditional currencies. In this blog post, we show that while bitcoin transfers themselves are relatively frictionless for the user, there are significant frictions when bitcoins trade in exchange markets resulting in meaningful and persistent price differences across bitcoin exchanges. These exchange-related fr...