The central claim in this paper is that by explicitly introducing costs of international trade
(narrowly, transport costs, but more broadly, tariffs, nontariff barriers, and other trade costs) …

The scientific study of complex systems has transformed a wide range of disciplines in
recent years, enabling researchers in both the natural and social sciences to model and …

Is America an empire? Certainly not, according to our government. Despite the conquest of
two sovereign states in as many years, despite the presence of more than 750 military …

A stock market liberalization is a decision by a country's government to allow foreigners to
purchase shares in that country's stock market. On average, a country's aggregate equity …

Many argue that home bias arises because home investors can predict home asset payoffs
more accurately than foreigners can. But why does global information access not eliminate …

Stock market liberalizations lead private investment booms. In a sample of 11 developing
countries that liberalized their stock markets, 9 experience growth rates of private investment …

We explore the implications of a country's external constraint for the dynamics of net foreign
assets, returns, and exchange rates. Deteriorations in external accounts imply future trade …

Research on the macroeconomic impact of capital account liberalization finds few, if any,
robust effects of liberalization on real variables. In contrast to the prevailing wisdom, I argue …

This paper presents the first evidence of the influence of geographic distance among retail,
accredited, and overseas investors and venture location in an equity crowdfunding context …

While the literature on framing has importantly expanded our understanding of frame
creation and contests from an interpretive point of view, previous studies have largely …