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Persistent link: https://www.econbiz.de/10010723913
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then distinguish between trades in the same direction as the previous trade from trades in the reverse direction and find … that the price impact of a trade as well as the information content of inter-transaction time is dependent on trade type …
Persistent link: https://www.econbiz.de/10005419964
This paper investigates the potential for foreign speculators to profit from simultaneously taking short positions in foreign exchange and equity markets under a fixed exchange rate regime, in what has been termed as the double play. Such a strategy is considered when the monetary authority is...
Persistent link: https://www.econbiz.de/10005519990
The paper introduces a connection between the needs of exchanges to respond to the immediacy needs of their clientele and the need to manage the credit risks faced by exchange members. Queueing theory is used to represent the opportunity loss suffered by brokers engaging in multiple activities:...
Persistent link: https://www.econbiz.de/10005520039
of trade credit by minority-owned small businesses. Results based on the 1993 National Survey of Small Business Finance … (NSSBF) indicate that ethnic differences in the use of trade credit are present after conditioning on an extensive list of … control variables. This holds especially for Black-owned businesses, and we find that they use less trade credit, are less …
Persistent link: https://www.econbiz.de/10005419873
also present results from a VAR estimation of aggregate trade equations on the relative importance of foreign income and … find evidence that a considerable shifting of trade patterns is taking place, consistent with a ‘flying geese’ pattern in …
Persistent link: https://www.econbiz.de/10005419877
examine the trade destruction and trade diversion associated with Japanese exports to the US market resulting from US AD … these US policies on Japanese exports to the EU. We document sizable trade deflection and trade depression in the EU market … increase in exports. Finally, we present evidence that US ADDs impose terms-of-trade externalities on non-targeted markets. We …
Persistent link: https://www.econbiz.de/10005419879
This paper undertakes an exhaustive search for robust determinants of international trade, where "robustness" is tested … and to the received theory of international trade. We find that robust variables include a measure of the scale of factor …
Persistent link: https://www.econbiz.de/10005419920
Fixed transaction costs and delivery lags are important costs of international trade. These costs lead firms to import … to a sudden, large increase in the relative price of imported goods creates a short-term trade implosion, an immediate …
Persistent link: https://www.econbiz.de/10005419938