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We observe a robust and significantly negative valuation effect of firms affected by the quota.
The brand shifts are largely explained by the availability effect and the generosity shift by the valuation effect.
According to Pierre-Olivier Gourinchas, an economist at Berkeley, and Helene Rey, of Princeton, this valuation effect is worth about 5% of GDP for every 10% drop in the dollar.
But this effect is likely to come to an end eventually.* Part of the reason why equity returns were so strong in the second half of the 20th century was a boost from the valuation effect.
We use a discrete choice model that allows the policy to affect how attributes are valued to decompose the policy's effects into a valuation effect and a product availability effect.
Similar(55)
Besides Juliet's null hypothesis of zero valuation effects, two streams of previous research suggest that the act of naming can produce significantly positive or negative valuation effects.
Perhaps the concern is about valuation effects on German net foreign wealth.
Therefore, when the euro depreciates, there are positive valuation effects in the German net foreign assets position.
His study found that the firms most heavily affected by the regulation experienced "significantly positive valuation effects," when compared to the European companies in his control group.
We provide an overview of the recent developments of the literature on the determinants of long-term capital flows, global imbalances, and valuation effects.
BEIJING — An increase of $453 billion last year in China's foreign exchange reserves partly reflected currency valuation effects and was not solely the result of inflows of speculative funds, the Chinese currency regulator said Tuesday.
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