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. Moreover, we examine whether firm-level internationalization helps explaining abnormal returns. We find that stocks of firms … abroad, i.e., a higher degree of international diversification. While firm-level internationalization largely explains … adjustment of stock prices to reflect firm-level internationalization indicates a high degree of market efficiency …
Persistent link: https://www.econbiz.de/10012962337
This paper surveys the literature to document the main stylized facts, risks, and policy challenges related to the expansion of global nonfinancial corporate debt after the 2008–09 global financial crisis. Nonfinancial corporate debt steadily increased after the crisis, especially in emerging...
Persistent link: https://www.econbiz.de/10012823367
This paper assesses how globalisation has shaped the economic environment in which the ECB operates and discusses whether this warrants adjustments to the monetary policy strategy. The paper first looks at how trade and financial integration have evolved since the last strategy review in 2003....
Persistent link: https://www.econbiz.de/10012626646
This paper assesses how globalisation has shaped the economic environment in which the ECB operates and discusses whether this warrants adjustments to the monetary policy strategy. The paper first looks at how trade and financial integration have evolved since the last strategy review in 2003....
Persistent link: https://www.econbiz.de/10013210849
An examination of Brexit and its initial impact on the main stock markets in the Greater China Region (GCR) was conducted using augmented market models that integrate Economic Policy Uncertainty (EPU) and implied volatility (VIX). The results do not seem to align with research in the field that...
Persistent link: https://www.econbiz.de/10011883261
On 23rd February 2017, SUERF and EY organized a conference on "Brexit and the Implications for Financial Services" at EY's offices, Churchill Place, Canary Wharf, London. While the outcome of the Brexit negotiations remains highly uncertain, the conference discussed the burning questions for...
Persistent link: https://www.econbiz.de/10011712197
the latter operate with the endorsement and support of states. In this way states facilitate globalization. At the same …
Persistent link: https://www.econbiz.de/10013002913
Persistent link: https://www.econbiz.de/10011400361
Persistent link: https://www.econbiz.de/10011548426