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The financial market presents non-linearities for the behavior of stock returns for periods of high and low market. This article studies portfolios whose variance-covariance matrices are estimates using a multivariate model with regime change. Investment strategies for portfolios are presented...
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discourages short-term inflows mainly through portfolio risk and precautionary saving channels. A markup channel generates net FDI … irreversibility of FDI, the currency of export invoicing, risk aversion of outside agents, and effective lower bound in the rest of … the world. Under every scenario, uncertainty policy is inflationary. …
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fluctuations of the world business cycle. …
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The period from 1980 onwards is referred to as the phase of globalization and liberalization. This phase is also associated with financialization and wars for hegemonic control over global resources. All these developments during this period need to be understood in terms of capital's renewed...
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