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Emerging European countries have made large strides in developing their local capital markets...

The recent wave of foreign investment in China's banks and the prospects of further opening of...

The paper finds significant deviations between short-term emerging market real interest rates and...

Substantial effort has been devoted to reforming China's banking system in recent years. The...

The behavior of equity prices is analyzed in a general equilibrium model where agents have...

This paper proposes a framework for comovements of asset prices with seemingly unrelated...