multi-country model, with world market clearing, which incorporates speculative and non-speculative demands for inventories …

This paper investigates the consequences of pricing to market for exchange rate pass-through and real exchange rate … dynamics across different patterns of trade under market segmentation. Under two-way, intraindustry trade--where home prices … destination-specific adjustment compared to intersectoral trade. With both trade patterns, pricing-to-market behavior intensifies …

of international stock market prices. Using the multivariate cointegration test of Johansen, we find that the set of six … cointegrated. The results suggest that there are long-run equilibrium relationships among the stock market prices. Subsample and … greater stock market integration amid the increasing liberalization and globalization of capital markets …

exporting firms, to compete and grow in the global market over time. These findings suggest that the muted price and volume …

This paper presents the first assessment domestic market integration in Brazil using the law of one price. The law of … for other countries, price convergence occurs very slowly in Brazil, suggesting relatively limited domestic market …