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As a bridge between Chinese mainland and international financial markets, the Stock Connect program allows investors on both sides to gain mutual access. By analyzing how cross-border flows respond to macro-related shocks, we show that compared with possibly homemade foreign investors, genuine...
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problems, but also on the world economy and expectations. For this reason, the reliance on capital inflows to appreciate the … peso is unsustainable. Given the meager growth of the world economy and trade, globalization is being questioned and …
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Russia's invasion of Ukraine and resulting sanctions have substantially hurt Russia's economic relations with developed … economies. Countries imposing sanctions on Russia accounted for half of Russia's foreign trade and over half of foreign … financial flows before the war. We analyse the development of Russia's trade and financial relations in recent months and find …
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This paper analyzes the effects of capital controls and crises on financial integration, using stocks from emerging economies that trade in both domestic and international markets. The cross-market premium (the ratio between the domestic and the international market price of cross-listed stocks)...
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