Now showing items 1-3 of 3
Is time-series-based predictability evident in real time?
(University of Chicago Press, 2006-05)
We show that out-of-sample tests used in the timeseries predictability literature may suffer from test size problems related to the common practice of exogenous specification of critical parameters, such as the choice of ...
Foreign currency - Denominated debt: An empirical examination
(University of Chicago Press, 2003-10)
We examine the determinants of debt issuance in 10 major currencies by large U. S. firms. Using the fraction of foreign subsidiaries and tests exploiting the disaggregated nature of our data, we find strong evidence that ...
Stock market openings: Experience of emerging economies
(University of Chicago Press, 2000-01)
This article is an exploratory examination of the benefits and risks associated with opening of stock markets. Specifically, we estimate changes in the level and volatility of stock returns, inflation, and exchange rates ...