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Remarks by President Dudley at the Foreign Policy Association Corporate Dinner, New York City.
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Remarks by President Dudley at the Foreign Policy Association Corporate Dinner, New York City.
Persistent link: https://www.econbiz.de/10009146832
Abstract: Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for the evolution of global and regional business cycles. Our model allows us to assess the roles...
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Standard portfolio theories of the home bias are disconnected from corporate finance theories of insider ownership. We merge the two into what we call the optimal ownership theory of the home bias. The theory has the following components. In countries with poor governance, it is optimal for...
Persistent link: https://www.econbiz.de/10005498678