NBER International Seminar on Macroeconomics 2009, Volume 6 (Volume 6)

NBER International Seminar on Macroeconomics #6

by Lucrezia Reichlin (Editor), Kenneth West (Editor)

The distinguished International Seminar on Macroeconomics (ISoM) has met annually in Europe for thirty years. The papers included in this volume discuss openness and the fall and rise of stock market correlations between 1890 and 2001; defaults, underwriters and sovereign bond markets between 1815 and 2007; systemic risk taking and the U.S. financial crisis; the Feldstein-Horioka fact, nontradable goods' real exchange rate puzzle; and assessing external equilibrium in low income countries.

500 pages, Paperback

First published August 1, 2010