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A Portfolio Approach to Global Imbalances
16 references·1 citing·51 second hop
A Portfolio Approach to Global Imbalances (2024)A Portfolio Approach to Global ImbalancesA Demand System Approach to Asset Pricing (2018)A Demand System Approach to A…The Safe Assets Shortage Conundrum (2017)The Safe Assets Shortage Conu…Financial Intermediation, International Risk Sharing, and Reserve Currencies (2017)Financial Intermediation, Int…Bond Supply and Excess Bond Returns (2014)Bond Supply and Excess Bond R…The Aggregate Demand for Treasury Debt (2012)The Aggregate Demand for Trea…Global Banking Glut and Loan Risk Premium (2012)Global Banking Glut and Loan …Financial Integration, Financial Development, and Global Imbalances (2009)Financial Integration, Financ…Why Doesn't Capital Flow from Rich to Poor Countries? 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The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. 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(2008)Presidential Address: Asset Price Dynamics with Slow‐Moving Capital (2010)Debt, Deficits, and Finite Horizons (1985)The Six Major Puzzles in International Macroeconomics: Is There a Common Cause? (2000)Globalization and the Gains From Variety (2006)Global Imbalances and the Financial Crisis: Link or No Link? (2011)The financial cycle and macroeconomics: What have we learnt? (2013)Deviations from Covered Interest Rate Parity (2018)Foundations of International Macroeconomics (1997)Trying to Explain Home Bias in Equities and Consumption (1999)Cultural Biases in Economic Exchange? * (2009)Econometric Analysis of Panel Data (2021)Capital flow waves: Surges, stops, flight, and retrenchment (2012)Redistribution, Inequality, and Growth (2014)Dilemma not Trilemma: The Global Financial Cycle and Monetary Policy Independence (2015)
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References

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  • 2004The determinants of cross-border equity flows1,722 cited
  • 2012The Aggregate Demand for Treasury Debt1,591 cited
  • 2008An Equilibrium Model of “Global Imbalances” and Low Interest Rates1,055 cited
  • 2008Why Doesn't Capital Flow from Rich to Poor Countries? An Empirical Investigation1,015 cited
  • 2002Does Arbitrage Flatten Demand Curves for Stocks?861 cited
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  • 2007International Financial Adjustment636 cited
  • 2012Global Banking Glut and Loan Risk Premium585 cited
  • 2014Bond Supply and Excess Bond Returns517 cited
  • 2017The Safe Assets Shortage Conundrum469 cited
  • 2001Information and capital flows: The determinants of transactions in financial assets448 cited

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  • 2017Financial Intermediation, International Risk Sharing, and Reserve Currencies446 cited
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    • 2024The Hedging Channel of Exchange Rate Determination33 cited