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...

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...

In 2006, the Congress of Local and Regional Authorities of the Council of Europe, the city of Stuttgart and Eurofound formed the ‘European network of cities for local integration policies' (CLIP). This fourth and final module of the CLIP project looks at ethnic entrepreneurship. The general...