affects IPO liquidity. We find that foreign IPOs enjoy higher liquidity than IPOs in their home countries, but do not fully … gain the same liquidity benefits as for IPOs of domestic US issuers. In contrast to prior evidence for mature cross …-listed firms, we show that liquidity differentials between foreign and domestic IPOs in the US are determined by information …

liquidity regulations are applied locally …

estimates of ‘GDP-at-Risk’, a summary measure of downside risks. In turn, this yields time-varying estimates of higher GDP … GDP-at-Risk into domestic and foreign sources, we show that foreign shocks are a key driver of domestic macroeconomic tail …

that was at least as large in the rest of the world as in the United States. A widely held view is that this was the result …

that was at least as large in the rest of the world as in the United States. A widely held view is that this was the result …

that was at least as large in the rest of the world as in the United States. A widely held view is that this was the result …