Showing 1 - 10 of 13
The long-run relationship between money and prices in the euro area embedded in traditional money demand models with income and interest rates broke down after 2001. We develop an money demand model where investors hold a diversified portfolio with money, domestic and foreign stocks and...
Persistent link: https://www.econbiz.de/10003789419
We investigate the determinants of bilateral international equity and bond portfolio reallocation across a large cross section of countries over the 1997 to 2001 period. We first argue that financial integration is not a global phenomenon, as equity and bond home biases declined significantly...
Persistent link: https://www.econbiz.de/10003337146
EU and EMU have almost doubled M&As in manufacturing towards their members from all over the globe, with an additional 50 …
Persistent link: https://www.econbiz.de/10003831845
Using bilateral data on international equity and bond flows, we find that the prediction of the International Capital Asset Pricing Model is partially met and that global equity markets might be more integrated than global bond markets. Moreover, over the turbulent 1998-2001 period characterised...
Persistent link: https://www.econbiz.de/10003375092
Persistent link: https://www.econbiz.de/10011349798
Persistent link: https://www.econbiz.de/10009765558
Persistent link: https://www.econbiz.de/10010195511
Persistent link: https://www.econbiz.de/10001762876
the larger euro area countries, as well as an evaluation of how standard equations have been able to explain actual export …
Persistent link: https://www.econbiz.de/10012778667