The Foreign Exchange Market: A Random Walk With a Dragging Anchor
Charles Goodhart’s inaugural lecture at the London School of Economics in May 1987.
DP 1
Tests of the Fama and French Model in India
This study empirically examines the Fama-French three-factor model of stock returns for India. We find evidence for pervasive market, size, and book...
DP 379
Basel II and Developing Countries: Diversification and Portfolio Effects
Our concerns on the potential impact of the proposed new Basel Capital Accord (Basel II) were first expressed following the release of the second...
IPOs: Insights from Seven European Countries
We perform a comparative country-by-country study of companies going public in the six largest Continental European markets and Sweden during 1988 and...
DP 461
Financial System Requirements for Successful Pension Reform
This paper examines the financial system prerequisites needed for the successful delivery of funded private pensions. In particular, it examines the...
DP 463
