Many of the lessons from foreign direct investment (FDI) research on manufacturing and extractive resource industries … are applicable to FDI research on the financial sector. This paper summarizes the main findings and policy themes of FDI … research, with a primary focus on the implications of FDI for host countries, especially emerging market economies. I review …

This paper examines how risk in trading activity can affect the volatility of asset prices. We look for this … swap spread tends to converge to a long-run level, although trading risk can sometimes cause the spread to diverge from … that level. -- convergence trading ; interest rate swaps ; swap spread ; repurchase contracts ; trading risk ; volatility …

--in particular, balance sheet constraints and counterparty credit risk. The empirical evidence supports the Fed's views on the … risk as the crisis evolved in 2008. I conclude that an understanding of the prevailing risk environment is necessary in …