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

This paper constructs new indicators of liquidity for equity, bond and money markets in major...

We analyze capital flows to emerging markets in a framework that incorporates two quantitative...

This paper analyzes an economy in which there are no interest-bearing assets, only equity shares....

This paper aims to measure the risk premium on French equities during 1960-92 and to evaluate how...

This paper documents the phenomenon of underpricing initial public offerings (IPOs) for 47 firms...