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volatility, especially in the past decade. Nevertheless, dollarised countries benefit from higher levels of investment and trade …
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a dynamic multicountry model of international trade, production, and investment to data from 19 countries to assess this … resolving a number of the puzzles: The dependence of domestic investment on domestic saving falls by half or disappears entirely …
Persistent link: https://www.econbiz.de/10013010717
a dynamic multicountry model of international trade, production, and investment to data from 19 countries to assess this … resolving a number of the puzzles: The dependence of domestic investment on domestic saving falls by half or disappears entirely …
Persistent link: https://www.econbiz.de/10012456897
Persistent link: https://www.econbiz.de/10011428342
This paper develops a model of exchange rate dynamics that takes into account speculative positions in foreign and domestic equities in addition to the "standard" positions in short-term riskless deposits. The modeling of cross-country stock holdings is motivated by evidence that a large and...
Persistent link: https://www.econbiz.de/10013129102
-variate GARCH-in-mean model and volatility spillovers. The empirical results show the significant effects (positive and negative …, respectively) of the stock market returns, interest rate, and exchange rate volatility of the financial sector during the crisis …. Besides, we find, in most cases, significant (positive and negative, respectively) volatility spillovers from market return …
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