Now showing items 1-10 of 96
LDC savings rates and debt crises
(Elsevier, 1988-07)
Conventional wisdom holds that LDC debt problems reflect, in part, the switch of foreign financing towards commercial loans. With no adequate supervision over the use of these funds, international finance may not have ...
Investigating security-price performance in the presence of event-date uncertainty
(Elsevier, 1988-10)
This paper introduces an event-study method that incorporates the possibility of a random event date. Consistent with empirical evidence, we assume an event may affect not only the conditional mean of a security's return, ...
Optimal tariffs and financial assets
(Elsevier, 1988-10)
Many countries seem to discourage international financial transactions by their residents, despite the benefits from portfolio diversification that such transactions provide.If a country is small relative to the size of ...