happened? Is the rapid growth of derivative markets a catalyst for changes in the financial sector? Are derivative influences … to explain this change by discussing the sphere of derivative impact (1) by delineating the volume, the efficiency and … the risk channel, (2) by providing descriptive and comparative data, (3) by tying in the catalytic role of derivatives in …

derivative data in growth estimates. Beyond the most recent Wacthel and Rousseau (2010) evidence which documents the interruption … derivative positively or insignificantly with a much smaller effect in magnitude. At the same time the impact of the crisis is …

(Harmonized System 10- digit) bilateral exports to the United States. The patterns in the data are consistent with the theory. The …

international equity transactions that accentuate the role of international risk sharing as a factor for the macroeconomic response … shock affecting only one country. Efficient global risk-sharing imply that expected productivity gains in one country will … for the productivity gains can further increase the risk exposure of foreign shareholders. The model is calibrated to show …