Narrow search
Showing 1 - 10 of 366
Cover Image
Currency Risk Premia in Global Stock Markets.
Roache, Shaun K - 2006
Intro -- Contents -- I. INTRODUCTION -- II. PREVIOUS LITERATURE -- III. MODEL SPECIFICATION -- IV. ESTIMATION -- V. DATA AND PRELIMINARY STATISTICS -- VI. MAIN RESULTS -- VII. CONCLUSIONS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691179
Cover Image
Income and democracy : Lipset's law revisited
Fayad, Ghada; Bates, Robert H.; Hoeffler, Anke - 2012
We revisit Lipset?s law, which posits a positive and significant relationship between income and democracy. Using … democracy: higher/lower incomes per capita hinder/trigger democratization. Decomposing overall income per capita into its …
Persistent link: https://www.econbiz.de/10009679679
Cover Image
A Model of Sovereign Debt in Democracies
Alichi, Ali - 2008
sovereign debt is to maintain access to international capital markets. However, in a democracy, one generation may choose …
Persistent link: https://www.econbiz.de/10012677458
Cover Image
What Makes Growth Sustained?
Ostry, Jonathan David - 2008
We identify structural breaks in economic growth in 140 countries and use these to define ""growth spells:"" periods of high growth preceded by an upbreak and ending either with a downbreak or with the end of the sample. Growth spells tend to be shorter in African and Latin American countries...
Persistent link: https://www.econbiz.de/10012677563
Cover Image
Geopolitics and International Trade: The Democracy Advantage
Cevik, Serhan - 2024
to the question by analyzing the joint impact of democracy and geopolitical distance between countries with an augmented … distance in determining bilateral trade flows and that democracy fosters international trade and moderates the potential … negative impact of geopolitics. While the impact of democracy and its interaction with geopolitical distance are significant …
Persistent link: https://www.econbiz.de/10015058709
Cover Image
Too much finance?
Arcand, Jean-Louis L.; Berkes, Enrico; Panizza, Ugo - 2012
This paper examines whether there is a threshold above which financial development no longer has a positive effect on economic growth. We use different empirical approaches to show that there can indeed be ""too much"" finance. In particular, our results suggest that finance starts having a...
Persistent link: https://www.econbiz.de/10009618521
Cover Image
Exchange rate fluctuations and international portfolio rebalancing in Thailand
Gyntelberg, Jacob; Loretan, Mico; Subhanij, Tientip - 2012
We present empirical evidence that the Thai baht's value is driven in part by investors' cross-border equity portfolio rebalancing decisions. Our results are based on comprehensive datasets of FX and stock market transactions undertaken by nonresident investors in Thailand in 2005 and 2006....
Persistent link: https://www.econbiz.de/10009621634
Cover Image
Financial Spillovers to Emerging Markets during the Global Financial Crisis
Frank, Nathaniel - 2009
In this paper potential financial linkages between liquidity and bank solvency measures in advanced economies and emerging market (EM) bond and stock markets are analyzedduring the latest crisis. A multivariate GARCH model is estimated in order to gauge the extent of co-movements of these...
Persistent link: https://www.econbiz.de/10012677776
Cover Image
Spillovers to Emerging Equity Markets
Sun, Tao - 2009
This paper shows that emerging market equity prices are influenced by growing global factors, and therefore global factors constitute a significant channel for spillovers when the international economic environment changes. Strengthening their resilience to equity price declines remains an...
Persistent link: https://www.econbiz.de/10012677779
Cover Image
Financial Integration: A New Methodology and an Illustration
Flood, Robert P. - 2004
Persistent link: https://www.econbiz.de/10014275662