on external issuance at the country-industry and individual bond levels and finds that global factors matter greatly for … odds that the monthly issuance volume of a country-industry is above its historical average; (ii) decrease individual bond … yields and spreads; and (iii) raise bond maturities, after controlling for country pull factors, bond characteristics (for …

Controlling for bond and issuer characteristics, bond spreads are expected to be equal across different legal … bond spreads is not explained by collective action clauses, or first-time bond issuances. Instead, the difference seems to …

transactions take place. The authors find that globalization via the diversification channel expanded throughout the world during …

likely to stop bringing their capital when their economy is growing and the world interest rate is lower. Domestic agents are …

The authors address two questions: What happens to stock market size, liquidity, volatility, and integration with world …

(the VIX, the U.S. real interest rate and real exchange rate, U.S. GDP growth, and world commodity prices) that explain …

economies over 1989-2010; by 2010, these WTO member countries collectively accounted for 21 percent of world merchandise imports … and 22 percent of world GDP. The paper examines determinants of carefully constructed, bilateral measures of new import …

used to estimate the relative contributions of bond-level, issuer-level, and macroeconomic factors that determine this … sub-sovereign bond ratings that are constrained by the sovereign rating ceiling, a Tobit regression model shows a smaller …