Risk Sharing and Asset Prices: Evidence from a Natural Experiment

By Anusha Chari, Peter Blair Henry. 2004

342 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/6bafc0ad0803f3ab8641a270694c845076580b2d

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Citations in the corpus

World market integration through the lens of foreign direct investors (2003, neutral): “However, this decline is not as large as theory would have predicted, in some studies, not even economically or statistically significant (e.g., Bekaert and Harvey, 2000; Henry, 2000; Chari and Henry, 2004; Stulz, 1999b).”
International Capital Flows and U.S. Interest Rates (2005, neutral): “For example, we have learned in recent years that in emerging markets foreign flows can result in a reduction in systematic risk (Chari and Henry (2004)) and an increase in both physical investment (Henry (2000, 2003)) and economic growth (Bekaert, Harvey, and Lundblad (2005)).”
On the global financial market integration “swoosh” and the trilemma (2019, background): “In contrast, the fundamental change in risk occurring upon capital market liberalization naturally increases dynamic betas (see Chari and Henry (2004) for a simple model).”
Do Implicit Barriers Matter for Globalization (2013, neutral): “2 Studies by Bae, Chan and Ng (2004), Chari and Henry (2004) and Bae, Bailey and Mao (2006) provide some support to the argument that the investable indices are more integrated with the world than the non-”
Capital Controls: Theory and Evidence (2019, neutral): “This evidence supports theoretical insights that predict cross-sectional variation in stock prices and declines in real investment by firm type (Chari and Henry 2004, 2008).”
The Only Game in Town: Stock-Price Consequences of Local Bias (2008, background): “At the 29 Notable papers include Stulz (1981), Errunza and Losq (1985), Eun and Janakiramanan (1986), Jorion and Schwartz (1986), Wheatley (1988), Hietala (1989), Bailey and Jagtiani (1994), and Chari and Henry (2004).”
'Lending by Example': Direct and Indirect Effects of Foreign Banks in Emerging Markets (2012, neutral): “For instance, only large and visible firms appear to enjoy a reduction in the cost of capital after equity market liberalizations (Chari and Henry (2004)).”