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Since the mid-1980s the world economy has gone through profound transformations of which the sources and effects are probably not yet completely understood. The process of continuous integration in trade, production and financial markets across countries and economic regions—which is what is...
Persistent link: https://www.econbiz.de/10005498677
Standard portfolio theories of the home bias are disconnected from corporate finance theories of insider ownership. We merge the two into what we call the optimal ownership theory of the home bias. The theory has the following components. In countries with poor governance, it is optimal for...
Persistent link: https://www.econbiz.de/10005498678
Remarks to the 2007 Annual Conference of the Investment Adviser Association, Austin, Texas, April 26, 2007 ; "Many options would improve the fiscal fitness of our entitlement system and reduce the need for drastic action elsewhere in the federal budget. But let's be honest. These remedies work...
Persistent link: https://www.econbiz.de/10010725998
comments on where we are likely to go from here, making the point that globalization is still very much alive and that, like …
Persistent link: https://www.econbiz.de/10010726000
complicated by globalization--the freer flow of goods, services, money, ideas and people across national borders. Its present …
Persistent link: https://www.econbiz.de/10010726003
Remarks before the Dallas Assembly, Dallas, Texas, May 22, 2006 ; "Our globalizing economy is not a vintage car. It is more like a 2006 BMW Z4 roadster, fully equipped and Bluetooth enabled. It is a very complex, highly integrated, technologically advanced and brilliantly engineered vehicle that...
Persistent link: https://www.econbiz.de/10010726007
globalization now under way will bring another decade of intense competition. This hothouse will enable--perhaps even force …
Persistent link: https://www.econbiz.de/10010726009
help us determine just how globalization is affecting economies around the world, and how policymakers can reap benefits …
Persistent link: https://www.econbiz.de/10010726010
; "Globalization is almost surely part of the explanation of the decline in inflation and output volatility that we've seen in many …
Persistent link: https://www.econbiz.de/10010726022
, globalization has acted as a tailwind for the Fed's--and other central banks'--efforts to hold down inflation. I believe the Federal … Reserve has been able to contain inflation with faster growth than would have been possible in the absence of globalization …. In short, globalization has made the Fed's job easier over the past few years"> …
Persistent link: https://www.econbiz.de/10010726025