transparency ratings for a large sample of firms from around the world, we find evidence consistent with this prediction …

This paper tests if real and financial linkages between countries can explain why movements in the world's largest … between the world's 5 largest economies and about 40 other markets to decompose the cross-country factor loadings into: direct … to be the most important determinant of how movements in the world's largest markets affect financial markets around the …

to providing new insights on contagion during crisis periods, we document patterns through time in world and regional …

world are debt-led and the factors associated with debt-led episodes are similar to the factors behind episodes identified …

the world than many developing countries. A noteworthy feature of this theory is that financial and property rights …

financial world is not flat because poor governance prevents firms from being widely held and from taking full advantage of …