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The paper finds that costs of implementing stringent securities listing standards may exceed...

The degree of comovement across national stock markets has increased dramatically since the...

The September 2006 report analyzes recent developments, examines the impact of the recent market...

This paper analyzes portfolio diversification, leverage, and financial contagion. It studies the...

Asian equity markets have grown significantly in size since the early 1990s, driven by strong...

This paper presents a new theory of asset pricing intended to address why other developing...