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International dimensions of monetary policy : [... presented at the NBER Conference "International Dimensions of Monetary Policy", which was held June 11 through 13, 2007 ... in th...

Galí, Jordi (contributor); Gertler, Mark (contributor) - 2009

Persistent link: https://www.econbiz.de/10003825525

Dimensions of Credit Risk and Their Relationship to Economic Capital Requirements

Carey, Mark - 2000

Now in prospect is a major revision of international bank capital regulations that would embody recent advances in credit risk measurement and management. Previous regulations have been simpler in structure, with a primary goal of getting capital requirements right on average, and thus have...

Persistent link: https://www.econbiz.de/10012471142

Geographic Localization of International Technology Diffusion

Keller, Wolfgang - 2000

years 1970 and 1995. First, I find that technological knowledge is to a substantial degree local, not global, as the …Convergence in per capita income across countries turns on whether technological knowledge spillover are global or … local. This paper estimates the amount of spillover from R&D expenditures in major industrialized countries on a geographic …

Persistent link: https://www.econbiz.de/10012471267

The Determinants of Cross-Border Equity Flows

Portes, Richard - 1999

We apply a new approach to a new panel data set on bilateral gross cross-border equity flows between 14 countries, 1989-96. The remarkably good results have strong implications for theories of asset trade. We find that the geography of information heavily determines the pattern of international...

Persistent link: https://www.econbiz.de/10012471448

Tax reform, delocation and heterogeneous firms

Baldwin, Richard - 2009

The standard international tax model is extended to allow for heterogeneous firms when agglomeration forces are important thus allowing us to study the relocation effects of taxes that vary according to firm size. We show that allowing for heterogeneity permits a given tax scheme to have an...

Persistent link: https://www.econbiz.de/10012463541

International Knowledge Flows : Evidence from an Inventor-Firm Matched Data Set

Kim, Jinyoung - 2006

We describe the construction of a panel data set from the U.S. patent data that contains measures of inventors' life-cycle R&D productivity--patents and patent citations. We match the data set to information on the U.S. pharmaceutical and semiconductor firms for whom they work. In this paper we...

Persistent link: https://www.econbiz.de/10012465968

Cross-border Listings, Capital Controls, and Equity Flows To Emerging Markets

Edison, Hali J. - 2006

We investigate the impact of two types of financial liberalizations on short- and long-horizon capital flows to emerging markets in a framework that controls for push and pull factors. The first type of liberalization, a reduction in capital controls, is countrywide but uncertain, because its...

Persistent link: https://www.econbiz.de/10012466073

The Performance of International Equity Portfolios

Thomas, Charles P. - 2006

This paper evaluates the ability of U.S. investors to allocate their foreign equity portfolios across 44 countries over a 25-year period. We find that U.S. portfolios achieved a significantly higher Sharpe ratio than foreign benchmarks, especially since 1990. We test whether this strong...

Persistent link: https://www.econbiz.de/10012466319

The International CAPM and a Wavelet-Based Decomposition of Value at Risk

Fernandez, Viviana - 2006

In this article, we formulate a time-scale decomposition of an international version of the CAPM that accounts for both market and exchange-rate risk. In addition, we derive an analytical formula for time-scale value at risk and marginal value at risk (VaR) of a portfolio. We apply our...

Persistent link: https://www.econbiz.de/10012466435

Offshoring in a Knowledge Economy

Antràs, Pol - 2005

globalization affects the size distribution of firms and the patterns of consumption and trade in the global economy …

Persistent link: https://www.econbiz.de/10012467591