Volatility in International Financial Market Issuance: The Role of the Financial Center
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We study the pattern of volatility of gross issuance in international capital markets since 1980. We find several short-lived episodes of high volatility. Over the long run, however, volatility has declined, suggesting that international financial integration has not made financial markets more
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美国国家经济研究局创建时间：
2006-10-01
