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world to U.S. based equity variance risk. We explore implications for global risk premiums and asset return comovements …
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The residence-based framework of measuring international exposure is increasingly less informative, as a growing number of firms locate in low-tax jurisdictions and issue securities through offshore subsidiaries. This has clouded the view of capital flows and investor exposures from standard...
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This work studies the information content of trades in the world's largest over-the-counter(OTC) market, the foreign … across agents, time and currency pairs, consistent withthe asymmetric information theory and OTC market fragmentation. A …
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