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We estimate a system of equations to analyze whether bilateral trade and financial linkages influence business cycle synchronization directly and/or indirectly. Our paper builds upon the existing literature by using bilateral trade and financial flows for a small, open economy (Spain) as...
Persistent link: https://www.econbiz.de/10012529961
This paper examines the impact of multinational trade accords on the degree of stock market linkage using NAFTA as a case study. Besides liberalizing trade among the U.S., Canada and Mexico, NAFTA has also sought to strengthen linkage among stock markets of these countries. If successful, this...
Persistent link: https://www.econbiz.de/10009447946
??ten Absatzmarktes der Welt. Die Kernfrage dieser Untersuchung lautet: Welche Methoden des Markteintritts in Japan existieren f?r diese …, Japan loses ground in the public?s perception with German companies increasingly moving towards China. Moreover, Germany … ger?t Japan im Zuge der Hinwendung deutscher Firmen nach China in der Wahrnehmung der ?ffentlichkeit zunehmend in den …
Persistent link: https://www.econbiz.de/10009485594
decades, the Chinese stock market has become the largest one in Asia, with the exception of Japan. Along with this rapid …
Persistent link: https://www.econbiz.de/10009471788
The purpose of this thesis is to investigate the relationship between the annualised volatility and correlation of G7 ten-year bond returns for the period July 1992 to June 1998 and the effects that such a relationship has on portfolio diversification. The stock market crash of 1987 and the...
Persistent link: https://www.econbiz.de/10009481952
Equity markets in developing and emerging economies have grown in number and importance as a result of financial market globalisation. However, their role in economic growth and development is enhanced if nascent markets are integrated with well-established ones. Market integration, measured by...
Persistent link: https://www.econbiz.de/10009480491
This thesis explores the important link between macroeconomic dynamics and the financial sector. The first essay studies Epstein-Zin preferences, which are found to be able to account for both aggregate macroeconomic dynamics and asset prices. In the first essay, I compare different solution...
Persistent link: https://www.econbiz.de/10009438768
as the world business cycle. The further compo-nents suggest a Scandinavian/Anglo-Saxon business cycle as well as another … Japan and Israel. Furthermore, there is indication for some, albeit weak business cycle integration in Southeast Asia and in …
Persistent link: https://www.econbiz.de/10009448237
being the countries that generate the greatest spillovers and Germany and Japan being the countries that generate the … response to unexpected positive changes in foreign GDPs. Although the share of the world factor as a source of the …
Persistent link: https://www.econbiz.de/10012525277
Versión actualizada (mayo 2019) ; Las grandes empresas de Estados Unidos, al difundir tecnología a través del comercio de intermedios, parecen ser clave para la producción de Europa en el medio plazo. De cara a explicar esta evidencia, el presente trabajo desarrolla un modelo de dos países...
Persistent link: https://www.econbiz.de/10012532195