“...This paper presents a new methodological approach to examine exchange rate exposure which takes account of the role of the market portfolio and macroeconomic...”

“...Using Vector Autoregressions on U.S. time series, the present paper documents the effects of fiscal policy on foreign trade: an increase in government spending...”

“...Why do investors hold such large positions in domestic equity when there are gains to be made from international diversification? This equity home bias puzzle...”

“...This paper examines whether the traditional sets of macro surprises, that most of the literature considers, are the only sorts of news that can explain...”

“...This paper analyses the effects of fiscal shocks in selected Latin American countries using a two-country model for output, labour input, government spending...”

“...We investigate the intertemporal hedging demands for stocks and bonds for investors in the U.S., Australia, Canada, France, Germany, Italy, and U.K. Using the...”

“...This essay introduces the papers presented at a conference held in April 2009 on the global financial crisis. The issue begins with four articles that survey...”

“...Using a new high-frequency data set from Electronic Broking Services (EBS), this paper examines informational linkages in the euro–dollar and dollar–yen...”

“...In spite of early skepticism on the merits of floating exchange rate regimes in emerging markets, 8 of the 25 largest countries in this group have now had a...”

“...We present a simple framework in which both the exchange rates disconnect and forward bias puzzles are simultaneously resolved. The flexible-price two-country...”