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This paper examines possible segmentation of the internal capital market in China. We employ two...

This paper introduces a tractable capital market friction mechanism that allows a break of the...

Despite the liberalization of foreign portfolio investment around the globe since the early...

While the relationship between volatility and credit risk is central to much of the literature on...

This paper uses new data and new econometric techniques to investigate the impact of...

This paper discusses the forces driving capital flows in the transition countries of Central and...