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routes and production chains linking predominantly developing world economies with the Chinese market, making a unique …
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We construct a state-dependent trivariate GARCH-M model to extract state-dependent risk-aversion coefficients around the 1997-1999 financial meltdown. These coefficients are further used to decompose sector risk into global (systematic), country-specific (diversifiable through global country...
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A study that outlines a framework for understanding how local politics in countries around the world affect … affected by distant world events. Risk Rules lays out an intuitive framework for making sense of international economic and … illustrated with numerous contemporary examples from around the world, which have been thoroughly updated since the book's first …
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