-maturity, domestic-currency bond market. Bond holders are exposed to capital losses through inflation and therefore represent a potential … and after the introduction of a domestic bond market. Inflation-targeting countries with a bond market experience … variables suggested by theory to account for the potential endogeneity of domestic bond issuance. Notably, we do not find a …

positive consequences for their neighbors, since they act as a competitive fringe for the domestic banking sector. We derive … that proximity to an OFC is likely to have pro-competitive implications for the domestic banking sector, although the … with a more competitive domestic banking system and greater overall financial depth. …

This paper examines the impact of European Monetary Union (EMU) accession on bilateral Portuguese international … the literature that overall international borrowing is facilitated by the creation of a monetary union, and raises the …

This paper examines the impact of European Monetary Union (EMU) accession on bilateral Portuguese international … the literature that overall international borrowing is facilitated by the creation of a monetary union, and raises the …

speculative agents overreact to observed technology shocks. When making forecasts about the future, speculative agents behave like … to confirm the stronger technology response. For moderate levels of risk aversion, the forecast errors observed by the … improvements in technology, investment and consumption booms, and faster trend growth, reminiscent of the U.S. economy during the …

incorporated into both imitative and innovative processes, which in turn drive domestic technological progress. International trade …

and technical assistance in the same period. We interpret this as supportive of the interpretation that technology …

productivity of Chinese domestic firms is mixed, with many positive results largely due to aggregation bias or failure to control … findings that domestic private firms tend to be more involved in providing inputs and intermediary goods for foreign firms … (Hale and Long, 2006), these results suggest a more passive role played by domestic firms in the global division of labor …