Showing 51 - 60 of 1,493
Persistent link: https://www.econbiz.de/10003188369
Persistent link: https://www.econbiz.de/10003234501
Persistent link: https://www.econbiz.de/10002835650
Persistent link: https://www.econbiz.de/10002623546
Persistent link: https://www.econbiz.de/10002458960
Many of the lessons from foreign direct investment (FDI) research on manufacturing and extractive resource industries are applicable to FDI research on the financial sector. This paper summarizes the main findings and policy themes of FDI research, with a primary focus on the implications of FDI...
Persistent link: https://www.econbiz.de/10002101424
Does the presence of arbitrageurs decrease equilibrium asset price volatility? I study an economy with arbitrageurs, informed investors, and noise traders. Arbitrageurs face a trade-off between arbitrage and inference: they would like to buy assets in response to temporary price declines (the...
Persistent link: https://www.econbiz.de/10002101431
Persistent link: https://www.econbiz.de/10002101463
We examine the implications of time variation in the correlation between the equity premium and nondurable consumption growth for equity return dynamics in G-7 countries. Using a VAR-GARCH (1,1) model, we find that the correlation increases with recession indicators such as above-average...
Persistent link: https://www.econbiz.de/10002101478