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We have seen China's growing role in the past decades, and the world economy has become more exposed to the influence … of China. This paper explores emerging China's impact on the global equity market through the lens of asset pricing. We … study the predictive properties of the lagged China returns for global stock returns and find that the lagged China returns …
Persistent link: https://www.econbiz.de/10012824300
international currency. If the renminbi were to become a dominant international currency, it would require China to attain a much …
Persistent link: https://www.econbiz.de/10013046848
We examine the stock price reactions to the mass inclusion of China A-shares in the Morgan Stanley Capital …
Persistent link: https://www.econbiz.de/10013292527
The market for autographs has become more open to international buyers since 1990. Our data set features a large sample of store and auction sales for selected authors every five years from 1960 to 2005. The estimation of a hedonic price function shows that page count, type of author, date and...
Persistent link: https://www.econbiz.de/10010791259
paid to the existence of a triad on the art market consisting of Europe, the USA and China. It is noteworthy that Europe … and the USA have rapidly lost market share to China …
Persistent link: https://www.econbiz.de/10013230702
Persistent link: https://www.econbiz.de/10012107002
In light of the global financial crisis of 2008, this study provides an empirical investigation of the asymmetric volatility–trading volume relationship. Using national equity indices, this study conducts an EGARCH analysis for the Group of Five, or G5, countries. The empirical evidence...
Persistent link: https://www.econbiz.de/10010868615
We shed new light on the macroeconomic effects of rising temperatures. In the data, a shock to global temperature dampens expenditures in research and development (R&D). We rationalize this empirical evidence within a stochastic endogenous growth model, featuring temperature risk and growth...
Persistent link: https://www.econbiz.de/10011755232
The Federal Reserve's quantitative easing is presented as injecting $600 billion into "the economy." But instead of getting banks lending to Americans again - households and firms - the money is going abroad, through arbitrage interest-rate speculation, currency speculation, and capital flight....
Persistent link: https://www.econbiz.de/10008759457
Der deutsche Aktienmarkt sah sich in den letzten 15 Jahren substantiellen Veränderungen gegenüber, welche unter anderem in eine zunehmende Internationalisierung und deutlich erhöhten Streubesitz mündeten. In der vorliegenden Arbeit untersuchen wir, inwieweit dies die aus klassischen...
Persistent link: https://www.econbiz.de/10009380299