global risk sources in FX markets. The risk sources are related to Carry and Dollar but are not spanned by these factors. We … estimate the market prices associated with the two risk sources in the cross-section of FX market returns and construct FX … the cross-section. The SDFs price international stock returns and are related to important financial stress indicators and …

User sanctions influence the legal risk for participants in illegal drug markets. A change in user sanctions may change … retail drug prices, depending on how it changes the legal risk to users, how it changes the legal risk to dealers, and the …