European Review of Economic History 15, no. 1 (2011): 93-126.Federico, G. (2011) `When did the European market integrate?' European Review of EconomicFederico, G. (2011). When did European markets integrate? European Review of Economic History, 15(1), 93-126....
passengersshe?dnevermetbefore,tobeginthe journeytowards Antarctica.“From seeing the wildlifetowitnessingsunrises,thewholeexperiencewasamazing.Antarcticaleftanimpression onmethatnootherplacehas,”Ginnisays.“IrememberthefirsttimeIsawahumpbackwhale;it justroseoutofthewaterlikesomeprehistoric creatureandIthoughtitwas...
I want to thank Anil Kashyap and the Initiative on Global Markets for inviting me, along with my colleague Raphael Bostic, to comment on this year's U.S. Monetary Policy Forum report by a distinguished set of authors.[1] This year's report addresses the challenges that monetary policy is ...
Even then, I don’t anticipate that a VAT will be among the first options that will be considered. What I expect is that when there is the inevitable flare-up in financial markets as bond prices crash, the dollar takes an unexpected dip, the price of oil shoots up or whatever that Con...
"When do foreign banks `cut and run'? Evidence from west European bailouts and east European markets." Review of International Political Economy 21.4 (2014): 847-877.Rachel Epstein, "When Do Foreign Banks Cut and Run: Evidence from West European Bailouts and East European Markets," Review of...
Virtually all equilibrium models of economic activity and market behavior start from the presumption that money is fungible and that the domestic money and credit markets, generally characterized as the banking system, are functioning normally, whether these models explicitly recognize the embedded assumpti...
However, there is also substantial empirical evidence of over-reaction in financial markets, especially in response to old news (Tetlock (2011); Gilbert et al. (2012)). We conjecture that this can also stem from (a specific type of) limited attention: “correlation neglect,” whereby ...
respond with a quoted premium for the trade. Traditional options may have American or European style expirations. Both the put and call options give traders a right, but there is no obligation. If the current exchange rate puts the optionsout of the money(OTM), then they will expire ...
currency, imports become more expensive in the country with the trade deficit. Consumers react by reducing their consumption of imports and shifting toward domestically produced alternatives. Domestic currencydepreciationalso makes the country's exports less expensive and more competitive in foreign markets...
Exercising an option before expiration (which is not possible with some European-style options) results in the holder giving up and losing any remaining time value of the option. On the other hand, assume another trader bought one put option contract on stock ABC with a strike price of $50...