[PDF] Top 20 Essays on international finance

... We find that i currencies with higher interest rates outperform currencies with lower interest rates by about 7% per annum, consistent with estimates from modern samples, while a momentu[r] ... See full document

... three essays on international finance, focusing on international capital flows, foreign exchange market and official foreign exchange ...drives international portfolio flows? This is an ... See full document

... The London School of Economics and Political Science Essays on International Finance and Monetary Economics Laura Castillo Martinez A thesis submitted to the Department of Economics of the London Scho[.] ... See full document

... This thesis studies the role of global risk within the context of international finance. In total, the thesis is composed of three essays. In Chapter 2, I investi- gate the impact of global risk on ... See full document

... As markets and economies become increasingly connected, the idea that risks fac- ing economic agents need to be analyzed in a open economy, global framework has become essential. The current financial crisis has ... See full document

... Chapter 4 considers the consolidated international bank lending data collected by the BIS. The transaction data adopted is on an immediate risk basis appropriate to study bilateral foreign asset transactions of ... See full document

... The outsize importance of financial intermediaries in the trading and holding of financial assets motivates a shift towards the analysis of the marginal utilities and pricing kernels of these more relevant agents in both ... See full document

... International Finance. Chapter 1 studies welfare implications of international financial integration in the presence of bank funding ...the international interest ... See full document

... and international trade in gross terms to model the joint dynamics of the ...gross international trade and equity ...and international trade are in net ... See full document

... In this paper, we develop and solve an incomplete-markets general equilibrium model of international portfolio choice. We calibrate our model so that it is consistent with the behavior of the relative goods’ ... See full document

... The second contribution of this chapter is to construct a structural model which can be used to study the inequality-house price-mortgage debt nexus. The model is parsimonious, but allows for feedback effects between ... See full document

... promote international financial ...of international investment positions at the sectoral ...in finance is based on aggregate data on cross-border positions of debt and equity (Okawa and van Wincoop, ... See full document

... A number of previous studies have already documented how nominal and real ex- change rate dynamics may have changed over time. Moreover, these studies have shown how allowing for nonlinearities may shed light, and ... See full document

... of international capital flows and equity ...for international funds that is consistent with this ...that international mutual funds’ portfolio reallocations have a significant price ... See full document

... finance literature is that they show that banking panics (or bank runs) are quantitatively more important than non-linearities coming from occasionally binding constraints, as in Brunnermeier and Sannikov (2014) ... See full document

... The present thesis comprises three essays in international …nance, with a focus on the foreign exchange market. The …rst chapter assesses the predictive ability of a comprehensive set of empirical models of ... See full document

... equity finance or from a shifting the in the risk-frontier associated with ...equity finance is the more dominant driver of the observed trend: From the first time period to the next, the per-unit cost of ... See full document

... firm raises funds in private markets and includes information on the firm (such as location, age, industry) and on the offering (such as amount and type of security sold). Machine readible data are available starting ... See full document

... In Chapter 1, a theory of optimal fund size in venture capital is developed. Fund managers - the VCs - add value to the projects they finance, but their human capital is scarce. A matching model is proposed where ... See full document

... between finance and evasion at the industry level, us- ing an empirical strategy related to ours, uncovers a much larger impact of the finance information trail than we ...external finance trail, ... See full document