全球智库信息集成服务系统(G2TT): DP6667 More Women Missing, Fewer Girls Dying: The Impact of Abortion on Sex Ratios at Birth and Excess Female Mortality in Taiwan

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP6667
	DP6667 More Women Missing, Fewer Girls Dying: The Impact of Abortion on Sex Ratios at Birth and Excess Female Mortality in Taiwan
	Nancy Qian; Ming-Jen Lin; Jin-Tan Liu
发表日期	2008-01-25
出版年	2008
语种	英语
摘要	We study the comovement among stock prices and among exchange rates in a three-good three-country Centre-Periphery dynamic equilibrium model in which the Centre?s agents face portfolio constraints. We characterize equilibrium in closed form for a broad class of portfolio constraints, solving for stock prices, terms of trade, and portfolio holdings. We show that portfolio constraints generate wealth transfers between the Periphery countries and the Centre, which increase the comovement of the stock prices across the Periphery. We associate this excess comovement caused by portfolio constraints with the phenomenon known as contagion. The model generates predictions consistent with other important empirical results such as amplification and flight-to-quality effects.
主题	Financial Economics ; International Macroeconomics
关键词	Asset pricing Contagion International finance Portfolio constraints Terms of trade Wealth transfer
URL	https://cepr.org/publications/dp6667
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/535504
推荐引用方式 GB/T 7714	Nancy Qian,Ming-Jen Lin,Jin-Tan Liu. DP6667 More Women Missing, Fewer Girls Dying: The Impact of Abortion on Sex Ratios at Birth and Excess Female Mortality in Taiwan. 2008.