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This paper develops a panel unobserved components model of the monetary transmission mechanism in the world economy …
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investments at home and abroad. Our firm-level dataset shows an important home bias in productive investments. Part of this … affiliates of the same industrial group however accounts for the lion's share of the home bias. Moreover, French firm …
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This paper analyzes the relationship between oil price shocks and bank profitability. Using data on 145 banks in 11 oil-exporting MENA countries for 1994-2008, we test hypotheses of direct and indirect effects of oil price shocks on bank profitability. Our results indicate that oil price shocks...
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