Showing 1 - 10 of 66
the WTO, its exports and export participation would have been 30 and 37 percent lower respectively …
Persistent link: https://www.econbiz.de/10012457503
Now in prospect is a major revision of international bank capital regulations that would embody recent advances in …
Persistent link: https://www.econbiz.de/10012471142
falling but still high degree of localization has important implications for macroeconomics and growth, trade, and regional …
Persistent link: https://www.econbiz.de/10012471267
on portfolio composition and the international macroeconomics and asset trade literature. Gross asset flows depend on …-96. The remarkably good results have strong implications for theories of asset trade. We find that the geography of … information heavily determines the pattern of international transactions. Our model integrates elements of the finance literature …
Persistent link: https://www.econbiz.de/10012471448
The standard international tax model is extended to allow for heterogeneous firms when agglomeration forces are …
Persistent link: https://www.econbiz.de/10012463541
We describe the construction of a panel data set from the U.S. patent data that contains measures of inventors' life-cycle R&D productivity--patents and patent citations. We match the data set to information on the U.S. pharmaceutical and semiconductor firms for whom they work. In this paper we...
Persistent link: https://www.econbiz.de/10012465968
We investigate the impact of two types of financial liberalizations on short- and long-horizon capital flows to emerging markets in a framework that controls for push and pull factors. The first type of liberalization, a reduction in capital controls, is countrywide but uncertain, because its...
Persistent link: https://www.econbiz.de/10012466073
This paper evaluates the ability of U.S. investors to allocate their foreign equity portfolios across 44 countries over a 25-year period. We find that U.S. portfolios achieved a significantly higher Sharpe ratio than foreign benchmarks, especially since 1990. We test whether this strong...
Persistent link: https://www.econbiz.de/10012466319
In this article, we formulate a time-scale decomposition of an international version of the CAPM that accounts for both …
Persistent link: https://www.econbiz.de/10012466435