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Indeterminacy of rational expectations equilibria in sequential financial markets
Donati, Paola - 2003
We provide a general characterization of the structure of rational expectations equilibria of any degree of revelation for pure exchange, sequential economies, with deffinitely many states of private information, an incomplete financial market and nominal assets. We estimate the dimension of the...
Persistent link: https://www.econbiz.de/10009635915
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Liberalisation and development of the Czech financial sector: more to come
Kay, Neil - 2007
-owned mono-bank into a privatised bank-based financial system with developing capital and private equity markets. This country …
Persistent link: https://www.econbiz.de/10009641248
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Finance and growth in the EU
De Ávila, Diego Romero - 2003
findings point to the existence of a positive long-run growth impact from the liberalisation of capital controls and the … liberalisation of capital controls has mainly affected growth through improvements in the degree of efficiency in financial …
Persistent link: https://www.econbiz.de/10009635911
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International equity flows and returns
Albuquerque, Rui; Bauer, Gregory H.; Schneider, Martin - 2004
This paper considers the role of foreign investors in developed-country equity markets. It presents a quantitative model of trading that is built around two new assumptions: (i) both the foreign and domestic investor populations contain investors of different sophistication, and (ii) investor...
Persistent link: https://www.econbiz.de/10009636533
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Risk sharing through financial markets with endogenous enforcement of trades
Köppl, Thorsten V. - 2004
When people share risk in financial markets, intermediaries provide costly enforcement for most trades and, hence, are an integral part of financial marketsu0092 organization. We assess the degree of risk sharing that can be achieved through financial markets when enforcement is based on the...
Persistent link: https://www.econbiz.de/10009636542
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Growth expectations, capital flows and international risk sharing
Castrén, Olli; Miller, Marcus; Stiegert, Roger - 2003
Over the past decades, cross-border financial flows have increased in importance and have in many occasions exceeded the underlying current account positions. This phenomenon has been accompanied by an increase in the volume of international equity transactions that accentuate the role of...
Persistent link: https://www.econbiz.de/10009635970
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Screening report Serbia : Chapter 4 – Free movement of capital
Europäische Kommission - 2016
Persistent link: https://www.econbiz.de/10012036349
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Effects of ICT capital on economic growth
European Commission / Enterprise and Industry … - 2006
Persistent link: https://www.econbiz.de/10009637765
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An experimental framework for ecosystem capital accounting in Europe
Europäische Umweltagentur; European Environment Agency - 2011
This report presents an overall experimental framework for ecosystem capital accounting. It is based on the to … implement simplified ecosystem capital accounts for Europe as a 'fast-track' initiative launched by the European Environment … Accounts with information on the environment and natural capital. …
Persistent link: https://www.econbiz.de/10009676177