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Abstract: We investigate the possibility that limited participaion in asset markets, and the stock market in particyular might expalin the lacj of correspondence between the sample moments of the intertemporale marginal rate od substitution and asset returns in UK data
Abstract: Questo Fascicolo Speciale Della Rivista E' Dedicato Agli Atti Del Colloquio Organizzato Dall'universita' Bocconi In Collaborazione Con La Maison De Sciences De L'homme Di Parigi. Il Colloquio E' Stato Diviso In 4 Sessioni Introdotte Da 4 Relazioni A Cui Sono Seguiti Vari Commenti: Gasperini, I. - Introduction. 569-571 P. Lacoue-Labarthe, D. - Mobilite' Et Mouvements De Capitaux En Europe. 573-619 P. Baffi, P. - Comments On D. Lacoue-Labarthe's Paper. 621-633 P. Swoboda, A. - Comments O ...; [Read more...]
Abstract: This Paper Use Consumptions Patterns Across Countries To Measure Capital Market Integration. It Argues That Earlier Empirical Tests Of This Type Were Potentially Misspecified And Proposes A More Robust Specification. The Results Indicate That Japan Was The Only Industrialized Country For Wich National Consumption Was Fully Integrated With The Rest Of The World Over The Period 1973-92. The Main Source Of Failure Is Excess Sensivity Of Consumption To Home Income. Particulary Within The E ...; [Read more...]
Abstract: Esame dei principali contributi teorici intorno al legame fra reddito e distribuzione della ricchezza e crescita economica
Abstract: Gli A. Ricercano Se Un Sistema Di Finanza Delle Famiglie Esiste E, Se Si', In Che Limiti E' In Grado Di Compensare Le Imperfezioni Del Mercato Dei Capitali.
Abstract: This paper investigates the once and future role of listing fees. The A. considers the theory of listing fees and why such a pricing structure initially evolved. The A. shows how capital market developments have change the desiderability, and even viability, of this pricing structure