Showing 1 - 10 of 16,412
Persistent link: https://www.econbiz.de/10003476582
This paper proposes a new perspective on international capital flows and countries' long-run external asset position. Cross-sectional evidence for 84 developing countries shows that over the last three decades countries that have had on average higher volatility of output growth (1) accumulated...
Persistent link: https://www.econbiz.de/10010433418
Persistent link: https://www.econbiz.de/10000967501
Persistent link: https://www.econbiz.de/10001615812
Persistent link: https://www.econbiz.de/10000626612
Persistent link: https://www.econbiz.de/10001945759
government redistribution in countries where consumer credit is relatively scarce. They may also explain observed institutional …
Persistent link: https://www.econbiz.de/10013319443
Persistent link: https://www.econbiz.de/10013261065
Persistent link: https://www.econbiz.de/10011950705
This paper analyzes empirical market utility functions and pricing kernels derived from the DAX and DAX option data for three market regimes. A consistent parametric framework of stochastic volatility is used. All empirical market utility functions show a region of risk proclivity that is...
Persistent link: https://www.econbiz.de/10003633572