Results 251 to 260 of about 432,061 (340)

Exchange Rate Risk and Deviations From Purchasing Power Parity

open access: yesInternational Journal of Finance &Economics, EarlyView.
ABSTRACT This paper proposes a new solution to the purchasing power parity (PPP) puzzles, arguing that investors' higher‐order risk attitudes, combined with higher‐order uncertainty about nominal exchange rates, as reflected by skewness and kurtosis, drive a risk premium that leads to deviations from PPP.
Michael G. Arghyrou   +2 more
wiley   +1 more source

Heterogeneity, reinforcement learning, and chaos in population games. [PDF]

open access: yesProc Natl Acad Sci U S A
Bielawski J   +4 more
europepmc   +1 more source

Noncausal AR‐ARCH Model and Its Applications to Financial Time Series

open access: yesInternational Journal of Finance &Economics, EarlyView.
ABSTRACT We extend the noncausal autoregressive models by introducing noncausality into the variance component, allowing the volatility to depend on future prices as well. We refer to this model as the noncausal AR‐ARCH model, and it enables us to account for shocks arising from market agents who possess more information and engage in forward‐looking ...
Yaosong Zhan   +3 more
wiley   +1 more source

How much and how long? The transmission of external shocks on stock market in Chinese hospitality and tourism industry

open access: yesInternational Studies of Economics, EarlyView.
Abstract In this study, we employ the synthetic control method to evaluate the transmission of external shocks, taking COVID‐19 as an example, on the stock market in the Chinese hospitality and tourism industry, specifically in the catering, hotel, cultural landscape, natural landscape, and travel agency sectors. We find an increasingly negative causal
Yuan Chen   +3 more
wiley   +1 more source

The “Zhang Xuefeng Effect”: Information Intervention and the College Admission Problem in China

open access: yesInternational Studies of Economics, EarlyView.
ABSTRACT Information regarding the quality of colleges and labor‐market prospects of majors plays an important role in parents' and students' school‐choice decisions, particularly when these decisions are crucially relevant to the students' long‐run career choices and life earnings.
Yutong Huo, Yun Wang
wiley   +1 more source

Soft Power in Trade: Quantifying the Impact of Confucius Institutes on China's Exports

open access: yesInternational Studies of Economics, EarlyView.
ABSTRACT This paper investigates the role of Confucius Institutes (CIs) as a form of China's cultural diplomacy and their impact on international trade, particularly exports. Using a gravity model, we analyze data from 1990 to 2019 across countries, finding that the presence of CIs significantly boosts China's exports.
Renjing Chen, Wei Jin, Tangrui Yang
wiley   +1 more source

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