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dc.contributor.authorAggarwal, Raj
dc.date.accessioned2011-10-27T13:04:30Z
dc.date.available2011-10-27T13:04:30Z
dc.date.issued2004
dc.identifier.citationAggarwal, Raj. 'Persistent puzzles in international finance and economics'. - Economic & Social Review, Vol. 35, No. 3, Winter, 2004, pp. 241-250, Dublin: Economic & Social Research Institute
dc.identifier.issn0012-9984
dc.identifier.otherJEL F02
dc.identifier.otherJEL F30
dc.identifier.urihttp://hdl.handle.net/2262/60363
dc.descriptionThis paper was delivered as the Central Bank of Ireland Edgeworth Lecture, at the Eighteenth Annual Conference of the Irish Economic Association, Belfast, April 2004.
dc.description.abstractAs the title of this lecture suggests, I plan to talk about selected puzzles in international finance and economics. These puzzles include deviations from theoretical values that are observed in spot and forward markets in foreign exchange. Also, observed currency values persistently deviate from purchasing power and interest rate parities. Further, there is also an unexplained large home bias against international portfolio diversification, and there are frequent unexpected crashes and crises in international financial markets. These puzzles are interesting because they have not been eliminated by traders nor explained away satisfactorily by economists ? indeed their persistence challenge and intrigue us.en
dc.language.isoen
dc.publisherEconomic & Social Studies
dc.relation.ispartofVol.XX, No. XX, Issue, Year
dc.sourceEconomic & Social Reviewen
dc.subjectInternational financeen
dc.subjectInternational economicsen
dc.subjectMarketsen
dc.titlePersistent puzzles in international finance and economics
dc.typeConference Paper
dc.typeJournal Article
dc.publisher.placeDublinen


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