Goyenko, Ruslan; Sarkissian, Sergei - Volkswirtschaftliche Fakultät, … - 2010
Investment practice and academic literature suggest a great degree of interaction between the world’s stock markets and most liquid and safe assets, such as U.S. Treasuries. Using data from 46 markets and a 30-year time period, we examine the impact of “flight-to-liquidity” events on...