Wealth Transfers, Contagion, and Portfolio Constraints

Topics:
Investment Strategy
Tags:
Business Operations,
Finance,
Free Trade,
Investment,
Operational Accounting,
Portfolio Constraint,
Real Estate
Source:
National Bureau of Economic Research

FREE Registration is required

Vendor Registration: $ Paid Download

Overview: This paper examines the co-movement among stock market prices and exchange rates within a three-country Center-Periphery dynamic equilibrium model in which agents in the Center country face portfolio constraints. In the model, international transmission occurs through the terms of trade, through the common discount factor for cash flows, and, finally, through an additional channel reflecting the tightness of the portfolio constraints. Portfolio constraints are shown to generate endogenous wealth transfers to or from the Periphery countries.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 737KB | Date: Jun 2005 | Pages: 50

People who downloaded this item also downloaded

White Paper Volatility and Growth: Credit Constraints and Productivity-Enhancing Investment
White Paper The Asset Management Industry
White Paper Asset Pricing and Fund Valuation Practices in the Hedge Fund Industry
White Paper Succeeding With Growth: Creating Value in Banking 2005

Top results from Investment Strategy

Webcast Webcast: Smart Techniques for application security: whitebox + blackbox testing.
Webcast Webcast: Calculated Risk: Inside the Billion-Dollar 'Gut' of Goldman Sachs
White Paper PCI DSS Compliance in the UNIX/Linux Datacenter Environment
White Paper Systems Management Buyers Guide For Medium Enterprises
White Paper Ricoh Output & Device Management Solutions

» View all Investment Strategy listings

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement

Returning users: Log In Here!

Already registered on BNET, TechRepublic, or ZDNet? Simply log in.

Free Membership: Sign Up Now!

Sign up for a free membership today and get instant and unlimited access to one of the largest databases of white papers, webcasts, and casestudies anywhere. Your FREE membership allows you to:

  • Download an unlimited amount of content, including classic and current white papers, case studies, webcasts and more
  • Track content on your chosen topics of interest
  • Receive targeted email alerts when your favorite content is added
  • Save content for future reading
  • Receive our member newsletter

When you register to access this directory, you become a member of BNET. In addition, you allow us to share your information with companies that produce products or services featured in the library--so that such companies may contact you with information and offers regarding their products and services. This enables us to keep the library a free service. As a directory registrant, you will receive a complimentary subscription to the BNET member newsletter, The BNET Report. You can unsubscribe from this newsletter at any time. By clicking the Sign up button, you indicate that you agree to our Terms and Conditions and have read and understand our Privacy Policy (updated).