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Keywords:Capital market 

Conference Paper
Keynote address : where are rural capital markets headed?

Proceedings – Rural and Agricultural Conferences , Issue Apr , Pages 11-45

Working Paper
Financial integration, entrepreneurial risk and global dynamics

How does financial integration impact capital accumulation, current-account dynamics, and cross-country inequality? This paper investigates this question within a two-country, general-equilibrium, incomplete-markets model that focuses on the importance of idiosyncratic entrepreneurial risk---a risk that introduces, not only a precautionary motive for saving, but also a wedge between the interest rate and the marginal product of capital. Our contribution is then to show that this friction provides a simple explanation for the emergence of global imbalances, a simple resolution to the empirical ...
Finance and Economics Discussion Series , Paper 2010-54

Journal Article
Flows through financial intermediaries

Federal Reserve Bulletin , Issue May , Pages 549-557

Journal Article
Inflation, finance and capital markets

Economic Review , Issue Dec , Pages 5-20

Conference Paper
Developing rural equity capital markets

Proceedings – Rural and Agricultural Conferences , Issue Apr , Pages 159-172

Journal Article
Why are so many new stock issues underpriced?

Business Review , Issue Mar , Pages 3-12

Working Paper
Barriers to international capital flows: who should erect them and how big should they be?

Until recently, the trend in world capital markets has been toward increasing globalization. Recent events in Latin America and Asia have caused many in policy-making circles to question whether this trend should be wholly, or at least partially, reversed. It is commonly argued that?at a minimum?countries should be given the discretion to erect such barriers, at least in certain circumstances. Recent events, then, have forced a rethinking of the desirability of unrestricted world capital flows. The general presumption appears to be that the "victims" of highly volatile capital flows should ...
FRB Atlanta Working Paper , Paper 99-6

Conference Paper
The current state of the art in rural equity markets : leading edge institutions

Proceedings – Rural and Agricultural Conferences , Issue Aug , Pages 85-89

Conference Paper
Financing rural America : a conference summary

Proceedings – Rural and Agricultural Conferences , Issue Apr , Pages 1-10

Journal Article
Statement to Congress, May 6, 1999 (hedge funds, leverage and the lessons of Long-Term Capital Management)

Federal Reserve Bulletin , Issue Jul , Pages 477-479

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