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Since the mid-1980s, there has been a very substantial increase in stock market activity in many...

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

Using a sample of publicly listed banks from 62 countries over the 1991-2017 period, we...

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....