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Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the United States and Japan, respectively. Our estimation framework allows a distinction to be made between spillover effects originating from one of the three currency areas and...
Persistent link: https://www.econbiz.de/10009635881
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
The present report is the Final Report of the “Ex-post evaluation of EU assistance to Croatia provided during the … development of the necessary capacities for the achievement and continuous uptake of Croatia's commitments for its EU membership … improving current support to enlargement countries. The evaluation’s scope covers pre-accession assistance provided to Croatia …
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