메뉴 건너뛰기




Volumn 64, Issue 2, 2004, Pages 335-361

Financial super-markets: Size matters for asset trade

Author keywords

Endogenously incomplete markets; Home bias; International financial flows; Monopolistic competition; Transaction costs

Indexed keywords

FINANCIAL MARKET; PRICE DETERMINATION;

EID: 17544369535     PISSN: 00221996     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jinteco.2003.12.001     Document Type: Article
Times cited : (223)

References (40)
  • 1
    • 0031418748 scopus 로고    scopus 로고
    • Was promotheus unbound by chance? Risk diversification and growth
    • Acemoglu D. Zilibotti F. Was promotheus unbound by chance? Risk diversification and growth Journal of Political Economy 105 1997 709-751
    • (1997) Journal of Political Economy , vol.105 , pp. 709-751
    • Acemoglu, D.1    Zilibotti, F.2
  • 2
    • 0004301243 scopus 로고    scopus 로고
    • Information Costs and Home Bias: An Analysis of US Holdings of Foreign Equities
    • Mimeo, Federal Reserve Board
    • Ahearne, A., Griever, W., Warnock, F., 2000. Information Costs and Home Bias: An Analysis of US Holdings of Foreign Equities. Mimeo, Federal Reserve Board.
    • (2000)
    • Ahearne, A.1    Griever, W.2    Warnock, F.3
  • 4
    • 84977702782 scopus 로고
    • Dutch auction repurchases: An analysis of shareholder heterogeneity
    • Bagwell L. Dutch auction repurchases: An analysis of shareholder heterogeneity Journal of Finance 47 1 1992
    • (1992) Journal of Finance , vol.47 , Issue.1
    • Bagwell, L.1
  • 6
    • 0040212676 scopus 로고    scopus 로고
    • Foreign speculators and emerging equity markets
    • April
    • Bekaert G. Harvey C. Foreign speculators and emerging equity markets Journal of Finance 55 2 2000 565-613 (April)
    • (2000) Journal of Finance , vol.55 , Issue.2 , pp. 565-613
    • Bekaert, G.1    Harvey, C.2
  • 7
    • 0043197621 scopus 로고    scopus 로고
    • Explaining the migration of stocks from exchanges in emerging economies to international centers
    • CEPR Discussion Paper N° 3301
    • Claessens S. Klingebiel D. Schmukler S. Explaining the migration of stocks from exchanges in emerging economies to international centers 2002 CEPR Discussion Paper N° 3301
    • (2002)
    • Claessens, S.1    Klingebiel, D.2    Schmukler, S.3
  • 10
    • 0003592225 scopus 로고    scopus 로고
    • Why are Foreign Firms in the Listed in the US worth more?
    • NBER Discussion Paper n° 8538
    • Doidge C. Karolyi A. Stulz R. Why are Foreign Firms in the Listed in the US worth more? 2001 NBER Discussion Paper n° 8538
    • (2001)
    • Doidge, C.1    Karolyi, A.2    Stulz, R.3
  • 11
    • 0002357241 scopus 로고    scopus 로고
    • The effect of market segmentation and investor recognition on asset prices: Evidence from foreign stock listings in the US
    • Foerster S. Karolyi A. The effect of market segmentation and investor recognition on asset prices: Evidence from foreign stock listings in the US Journal of Finance 54 1999 981-1013
    • (1999) Journal of Finance , vol.54 , pp. 981-1013
    • Foerster, S.1    Karolyi, A.2
  • 12
    • 0000815950 scopus 로고
    • Investor diversification and international equity markets
    • French K. Poterba J. Investor diversification and international equity markets American Economic Review 81 2 1991
    • (1991) American Economic Review , vol.81 , Issue.2
    • French, K.1    Poterba, J.2
  • 13
    • 0001502886 scopus 로고    scopus 로고
    • Why is capital so immobile internationally? Possible explanations and implications for capital income taxation
    • Gordon R. Bovenberg L. Why is capital so immobile internationally? Possible explanations and implications for capital income taxation The American Economic Review 86 5 1996 1057-1075
    • (1996) The American Economic Review , vol.86 , Issue.5 , pp. 1057-1075
    • Gordon, R.1    Bovenberg, L.2
  • 14
    • 25844509696 scopus 로고    scopus 로고
    • EMU and European Stock Market Integration
    • CEPR Discussion Paper n° 2124
    • Hardouvelis G. Malliaropulos D. Priestley R. EMU and European Stock Market Integration 1999 CEPR Discussion Paper n° 2124
    • (1999)
    • Hardouvelis, G.1    Malliaropulos, D.2    Priestley, R.3
  • 16
    • 0002198858 scopus 로고
    • Imperfect competition and international trade: Evidence from fourteen industrial countries
    • Helpman E. Imperfect competition and international trade: Evidence from fourteen industrial countries Journal of the Japanese and International Economies 1 1987 62-81
    • (1987) Journal of the Japanese and International Economies , vol.1 , pp. 62-81
    • Helpman, E.1
  • 19
    • 0008919779 scopus 로고    scopus 로고
    • Stock market liberalization, economic reform, and emerging market equity prices
    • N°. 2, April
    • XHenry P.B. Stock market liberalization, economic reform, and emerging market equity prices Journal of Finance 2000 VOL LV, N°. 2, April
    • (2000) Journal of Finance , vol.55
    • Henry, P.B.1
  • 20
    • 0003642656 scopus 로고    scopus 로고
    • Risk Sharing and Industrial Specialization: Regional and International Evidence
    • Mimeo, Tel Aviv University
    • Kalemli-Ozcan, S., Sørensen B., Yosha, O., 1999. Risk Sharing and Industrial Specialization: Regional and International Evidence. Mimeo, Tel Aviv University.
    • (1999)
    • Kalemli-Ozcan, S.1    Sørensen, B.2    Yosha, O.3
  • 21
    • 0040196030 scopus 로고    scopus 로고
    • Demand curves for stocks do slope down: New evidence from an index weights adjustment
    • Kaul A. Mehrotra V. Morck R. Demand curves for stocks do slope down: New evidence from an index weights adjustment Journal of Finance 55 2000 893-912
    • (2000) Journal of Finance , vol.55 , pp. 893-912
    • Kaul, A.1    Mehrotra, V.2    Morck, R.3
  • 22
    • 34248478595 scopus 로고
    • Increasing returns, monopolistic competition and international trade
    • Krugman P. Increasing returns, monopolistic competition and international trade Journal of International Economics 9 1979 469-479
    • (1979) Journal of International Economics , vol.9 , pp. 469-479
    • Krugman, P.1
  • 23
    • 0019140244 scopus 로고
    • Scale economies, product differentiation, and the pattern of trade
    • Krugman P. Scale economies, product differentiation, and the pattern of trade American Economic Review 70 1980 950-959
    • (1980) American Economic Review , vol.70 , pp. 950-959
    • Krugman, P.1
  • 24
    • 0001582485 scopus 로고    scopus 로고
    • Trying to explain home bias in equities and consumption
    • June
    • Lewis K. Trying to explain home bias in equities and consumption Journal of Economic Literature 37 1999 571-608 (June)
    • (1999) Journal of Economic Literature , vol.37 , pp. 571-608
    • Lewis, K.1
  • 25
    • 0000177414 scopus 로고    scopus 로고
    • New evidence on stock price effects associated with changes in the S&P 500 index
    • Lynch A. Mendenhall R. New evidence on stock price effects associated with changes in the S&P 500 index Journal of Business 70 1997 351-383
    • (1997) Journal of Business , vol.70 , pp. 351-383
    • Lynch, A.1    Mendenhall, R.2
  • 26
    • 0033920004 scopus 로고    scopus 로고
    • Financial integration and asset returns
    • Martin P. Rey H. Financial integration and asset returns European Economic Review 44 7 2000 1327-1350
    • (2000) European Economic Review , vol.44 , Issue.7 , pp. 1327-1350
    • Martin, P.1    Rey, H.2
  • 27
    • 0000290952 scopus 로고
    • Complementarities and cumulative processes in models of monopolistic competition
    • Matsuyama K. Complementarities and cumulative processes in models of monopolistic competition Journal of Economic Literature 32 2 1995 701-729
    • (1995) Journal of Economic Literature , vol.32 , Issue.2 , pp. 701-729
    • Matsuyama, K.1
  • 29
    • 0042042166 scopus 로고    scopus 로고
    • The market reaction to international cross-listings: Evidence from depositary receipts
    • Miller D. The market reaction to international cross-listings: evidence from depositary receipts Journal of Financial Economics 51 1999 103-123
    • (1999) Journal of Financial Economics , vol.51 , pp. 103-123
    • Miller, D.1
  • 30
    • 0028560106 scopus 로고
    • Risk taking, global diversification and growth
    • December
    • Obstfeld M. Risk taking, global diversification and growth American Economic Review 85 1994 1310-1329 December
    • (1994) American Economic Review , vol.85 , pp. 1310-1329
    • Obstfeld, M.1
  • 31
    • 0039193070 scopus 로고    scopus 로고
    • The six major puzzles of international macroeconomics solved
    • B. Bernanke, & K. Rogoff (Eds.), Cambridge: MIT Press
    • Obstfeld M. Rogoff K. The six major puzzles of international macroeconomics solved In: Bernanke B. Rogoff K. (Eds.), NBER Macroeconomics Annual 2000 2001 339 390 MIT Press Cambridge
    • (2001) NBER Macroeconomics Annual 2000 , pp. 339-390
    • Obstfeld, M.1    Rogoff, K.2
  • 32
    • 43949170563 scopus 로고
    • The flotation of companies on the stock market: A coordination failure model
    • Pagano M. The flotation of companies on the stock market: A coordination failure model European Economic Review 37 1993 1101-1125
    • (1993) European Economic Review , vol.37 , pp. 1101-1125
    • Pagano, M.1
  • 35
    • 0004218678 scopus 로고    scopus 로고
    • Determinants of Cross-Border Equity Flows
    • NBER WP No. 7336 and CEPR DP 2225
    • Portes, R., Rey, H., 1999. Determinants of Cross-Border Equity Flows. NBER WP No. 7336 and CEPR DP 2225.
    • (1999)
    • Portes, R.1    Rey, H.2
  • 36
    • 0001531652 scopus 로고
    • The market for securities: Substitution versus price pressure and the effects of information on share price
    • Scholes M. The market for securities: Substitution versus price pressure and the effects of information on share price Journal of Business 45 1972 179-211
    • (1972) Journal of Business , vol.45 , pp. 179-211
    • Scholes, M.1
  • 37
    • 0000183976 scopus 로고
    • Do demand curves for stocks slope down?
    • Shleifer A. Do demand curves for stocks slope down? Journal of Finance 41 1986 579-590
    • (1986) Journal of Finance , vol.41 , pp. 579-590
    • Shleifer, A.1
  • 38
    • 0003939782 scopus 로고    scopus 로고
    • Globalization of Equity Markets and the Cost of Capital
    • Paper prepared for the SBF/NYSE Conference on Global Equity Markets
    • Stulz, R., 1999, Globalization of Equity Markets and the Cost of Capital. Paper prepared for the SBF/NYSE Conference on Global Equity Markets.
    • (1999)
    • Stulz, R.1
  • 40
    • 0004005359 scopus 로고    scopus 로고
    • Does Arbitrage Flatten Demand Curves For Stocks?
    • Yale International Center for Finance, WP No. 99-12
    • Wurgler, J., and Zhuravskaya, K., 2000. Does Arbitrage Flatten Demand Curves For Stocks? Yale International Center for Finance, WP No. 99-12.
    • (2000)
    • Wurgler, J.1    Zhuravskaya, K.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.