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International portfolio choice, liquidity constraints and the home equity bias puzzle
Michaelides, Alexander - London School of Economics (LSE) - 2003
This paper solves for optimal international portfolio choice in the presence of liquidity constraints and undiversifiable labor income risk. Optimal portfolios are internationally diversified while positive correlation between domestic stock market returns and permanent labor income shocks can...
Persistent link: https://www.econbiz.de/10010928614
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Immigration and the UK labour market: the latest evidence from economic research
Wadsworth, Jonathan - London School of Economics (LSE) - 2012
market. On balance, the evidence for the UK labour market suggests that fears about the consequences of rising immigration … appear to have been modest. Unfortunately we do not know much about whether the effects of immigration are different in … downturns. We also need to understand more about how capital and sectoral shifts in demand respond to immigration over the …
Persistent link: https://www.econbiz.de/10011125963
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Decolonization: the role of changing world factor endowments
Bonfatti, Roberto - London School of Economics (LSE) - 2008
of trade for colonial economies. I build a simple model of colonialism which puts these two elements at centre stage. By …-Ohlin model where countries (the colonizer, the colony and a third independent country) can decide whether to trade with each …
Persistent link: https://www.econbiz.de/10011126664
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Timeliness, trade and agglomeration
Harrigan, James; Venables, Tony - London School of Economics (LSE) - 2004
An important element of the cost of distance is time taken in delivering final and intermediate goods. We argue that time costs are qualitatively different from direct monetary costs such as freight charges. The difference arises because of uncertainty. Unsynchronised deliveries can disrupt...
Persistent link: https://www.econbiz.de/10010884687
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On the detrimental impact of visa restrictions on bilateral trade and foreign direct investment
Neumayer, Eric - London School of Economics (LSE) - 2011
, which is detrimental to trade and FDI. Employing a standard gravity-type model in a global dyadic country sample, I estimate …This article estimates the effect of visa restrictions on bilateral trade flows and foreign direct investment (FDI … place by the partner country, this lowers bilateral trade and FDI by up to 19 and 25 per cent, respectively. If both …
Persistent link: https://www.econbiz.de/10010744803
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The wider economic impacts of high-skilled migrants: a survey of the literature for receiving countries
Nathan, Max - London School of Economics (LSE) - 2014
In recent years, the economics of migration literature has shown a substantial growth in papers exploring host country impacts beyond the labour market. Specifically, researchers have begun to shift their attention from labour market and fiscal changes, towards exploring what we might call...
Persistent link: https://www.econbiz.de/10011126145
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Macroprudential oversight, risk communication and visualization
Sarlin, Peter - London School of Economics (LSE) - 2014
This paper discusses the role of risk communication in macroprudential oversight and of visualization in risk communication. Beyond the soar in data availability and precision, the transition from firm-centric to system-wide supervision imposes vast data needs. Moreover, except for internal...
Persistent link: https://www.econbiz.de/10011201252
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The concept of systemic risk
Smaga, Pawel - London School of Economics (LSE) - 2014
The aim of the study is to analyze the concept of systemic risk. The study reviews a multitude of systemic risk definitions in the literature. In addition, the paper identifies factors that contribute to the build-up of systemic risk (vulnerabilities), the spreading of contagion and provides a...
Persistent link: https://www.econbiz.de/10011201254
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Reforming the global architecture of financial regulation: the G20, the IMF and the FSB
Knight, Malcolm D. - London School of Economics (LSE) - 2015
The global financial crisis that began in 2007 and deepened in 2008 exposed major weaknesses in financial and macroeconomic policy coordination, and profound flaws in financial risk management and regulation in a number of advanced countries. The severity of the crisis led global leaders to...
Persistent link: https://www.econbiz.de/10011201258
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The world trade regime and non-governmental organisations: addressing transnational environmental concerns
Mason, Michael - London School of Economics (LSE) - 2003
The paper examines new opportunities within the World Trade Organisation (WTO) for the representation of transnational …
Persistent link: https://www.econbiz.de/10010744802