measures such as asset concentration, market capitalization to GDP, size of the trade sector, cross-sectional volatility of … has focused on average returns, we analyze the volatility of the returns in emerging equity markets. We characterize the … time-series of volatility in emerging markets and explore the distributional foundations of the variance process. Of …

, primarily in the area of insurance, but also in the diversification of asset holdings. We suggest in this paper that, with …, and towards a focus on insurance arrangements and the diversification of risks associated with climate change …

Using an extensive new data set on U.S. and U.K.-traded closed- end funds, we examine the diversification benefits from … emerging equity markets and the extent of their integration with global capital markets. To measure diversification benefits … significant diversification benefits for the U.K. country funds, but not for the U.S. funds. The difference appears to relate to …

unions to estimate the effect of currency unions on trade using (then-) conventional gravity models. In this paper, we use a … variety of empirical gravity models to estimate the currency union effect on trade and exports, using recent data which … a smaller trade effect than other currency unions; it has a mildly stimulating effect at best. Third and most …

separate country data files giving monthly trade performance for both the import and export sides throughout the crisis. We use …% by 1933, and placing Germany close to autarchy. In the 1998 Asian crisis trade impacts were much smaller since export …This paper documents and compares the trade performance of the major Asian economies both during and following the 2008 …

This paper discusses both the potential contribution that trade policy initiatives can make towards the achievement of … motivated geographical trade arrangements, including carbon free trade areas. We first suggest that trade policy is likely to be … next several decades will be growth more so than trade and its composition, and in turn, the size of trade seemingly …

This paper discusses the recent regional trade agreements that China has concluded rapidly following accession to the … difficulties these agreements create in moving to an Asian trade bloc centred on them …

Recent literature has explored both physical and policy linkage between trade and environment. Here we explore linkage … through leverage in bargaining, whereby developed countries can use trade policy threats to achieve improved developing … country environmental management, while developing countries can use environmental concessions to achieve trade disciplines in …