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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
We propose a simple structural model of exchange rate determination which draws from the analytical framework recently proposed by Bacchetta and van Wincoop (2003) and allows us to disentangle the liquidity and information effects of order flow on exchange rates. We estimate this model employing...
Persistent link: https://www.econbiz.de/10009639485
Macedonia, Kosovo*, Montenegro, Serbia and Turkey. …
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The next few months are the last opportunity for Turkey to take steps that could influence the european Commissionu0092 …
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that Turkey is too big, too poor, has too dangerous borders and is insufficiently u0091Europeanu0092 to join the Union …. Turkey was officially recognised as an EU candidate in December 1999, and in December 2002, the European Council announced … that if Turkey met its political u0091Copenhagenu0092 criteria by the end of 2004 it would open negotiations without delay …
Persistent link: https://www.econbiz.de/10009636514
reforms in Turkey triggered by EU membership; and (iii) migration in response to the free movement of workers. Overall, the … creation. Turkey experiences larger economic gains than the EU: consumption per capita is estimated to rise by about 4% as a … result of accession to the internal market and free movement of labour. If Turkey would succeed in reforming its domestic …
Persistent link: https://www.econbiz.de/10009636555