Market volatility remains one of the most important research fields in agricultural economics.Interestingly, price transmission mechanism seems to be symmetric in sectors that are likely to be of high political power.This paper analyzes the price transmission effects from international markets to domestic markets for corn in Iran. For this purpose, we estimate the elasticity of substitution bet...

During the last few decades, many emerging markets have lifted restrictions on cross-border financial transactions. The conventional view was that this would allow these countries to: (i) receive capital inflows from advanced countries that would finance higher investment and growth; (ii) insure against aggregate shocks and reduce consumption volatility; and (iii) accelerate the development of ...

market volatility remains one of the most important research fields in agricultural economics.interestingly, price transmission mechanism seems to be symmetric in sectors that are likely to be of high political power.this paper analyzes the price transmission effects from international markets to domestic markets for corn in iran. for this purpose, we estimate the elasticity of substitution bet...

This paper studies a model where shocks to asset prices affect the real sector of the economy through a credit channel. As financial markets become internationally integrated, the economy becomes less vulnerable to domestic asset price shocks, but more vulnerable to foreign asset price shocks. To the extent that monetary policy stabilization is feasible and desirable, the globalization of finan...

Panel analysis of 20 industrial countries shows evidence for pro-cyclicality of capital gains on domestic stock markets in particular over a medium term horizon. Thus, with cross-border ownership of portfolio equity investments, potential for international smoothing of domestic output fluctuations by means of the capital gains channel is found. Individual country analysis reveals substantial he...

Is the increased volatility on the Swedish stock market due to increased sensitivity to foreign markets or to inherently Swedish factors? The findings in this paper is that the foreign influence on the Swedish stock market shows a clear positive trend while purely domestic factors have not become more volatile. World influence on domestic stock markets is also substantially larger during intern...

The study analyses the relationship between access to rural product markets and the extent and nature of child labour. It is built on the view that if physical markets can shape rural development through, for instance, influencing prices, household production decisions and employment, the associated activity growth could increase child labour. Using household survey data from Uganda, I find tha...

What role does political influence play in access to finance? Does this role differ across markets? Using a comprehensive cross-country dataset, I characterize how and why domestic political connections affect firms’ propensities to cross-list securities abroad. Connected firms have better access to foreign capital markets; moreover, the effect of connections is magnified for firms located in c...