International capital markets structure, preferences and puzzles: the US-China case
A canonical two country-two good model with standard preferences does not address three classic international macroeconomic puzzles as well as two well-known asset pricing puzzles. Specifically, under financial autarky, it does not account for the high real exchange rate (RER) volatility relative to...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Centre for International Capital Markets, London Metropolitan University
2014
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| Subjects: | |
| Online Access: | https://repository.londonmet.ac.uk/370/1/CentreForInternationalCapitalMarketsDiscussionPapers_2014-04_p01-30.pdf |