Search Results - "Parsley, David C."

Sudden Deaths: Taking Stock of Geographic Ties by Faccio, Mara, Parsley, David C.

“…Analysis of a worldwide sample of sudden deaths of politicians reveals a market-adjusted 1.7% decline in the value of companies headquartered in the…”
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Explaining the border effect: the role of exchange rate variability, shipping costs, and geography by Parsley, David C., Wei, Shang-Jin

“…This paper exploits a three-dimensional panel data set of prices on 27 traded goods, over 88 quarters, across 96 cities in the US and Japan. We show that a…”
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Exchange rate pegs and foreign exchange exposure in East and South East Asia by Parsley, David C., Popper, Helen A.

“…This paper shows that many Asia-Pacific firms are significantly exposed to foreign exchange risk. Their exposure appears to be much more widespread than is…”
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News spillovers in the sovereign debt market by Gande, Amar, Parsley, David C.

“…We study the effect of a sovereign credit rating change of one country on the sovereign credit spreads of other countries from 1991 to 2000. We find evidence…”
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Exchange Rate Pass-through in South Africa: Panel Evidence from Individual Goods and Services by Parsley, David C.

“…This study estimates pass-through for South Africa using samples of final goods and services, and homogenous imports. Estimated pass-through to consumer goods…”
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Inflation and Relative Price Variability in the Short and Long Run: New Evidence from the United States by Parsley, David C.

“…This paper presents new evidence that a positive association exists between inflation and relative prices and relative inflation rates in very disaggregated…”
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A Prism into the PPP Puzzles: The Micro-Foundations of Big Mac Real Exchange Rates by Parsley, David C., Wei, Shang-Jin

“…We match Big Mac prices with prices of its ingredients as a unique prism to study real exchange rates (RERs). This approach has several advantages. First, the…”
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Convergence to the Law of One Price Without Trade Barriers or Currency Fluctuations by Parsley, David C., Wei, Shang-Jin

“…Using a panel of 51 prices from 48 cities in the United States, we provide an upper bound estimate of the rate of convergence to purchasing power parity. We…”
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Measuring Financial Integration via Idiosyncratic Risk: What Effects Are We Really Picking Up? by PARSLEY, DAVID C., SCHLAG, CHRISTIAN

“…We study the method proposed by Flood and Rose (FR, 2004, 2005) for checking for financial integration by estimating the risk-free rate using the idiosyncratic…”
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Accounting for real exchange rate changes in East Asia by Parsley, David C.

“…This study measures the proportion of real exchange rate movements that can be accounted for by movements in the relative price of non-traded goods using the…”
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Pricing in International Markets: a "Small-country" Benchmark by Parsley, David C.

“…The paper studies export pricing to market (PTM) in a “small‐country” context using a panel of disaggregated exports from Hong Kong since 1992. Conventional…”
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The quality of accounting information in politically connected firms by Chaney, Paul K., Faccio, Mara, Parsley, David

“…We document that the quality of earnings reported by politically connected firms is significantly poorer than that of similar non-connected companies. Our…”
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Exchange Rate Pass-through: Evidence from Aggregate Japanese Exports by Parsley, David C.

“…An analysis of Japanese exports during the 1980s is presented that documents the stability of aggregate exchange rate pass-through. It is not possible to test…”
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Economic policy uncertainty and voluntary disclosures:How do Chinese firms respond? by Lu, Cuicui, Parsley, David, Xue, Bing

“…Equity markets in China present a unique setting to study voluntary disclosures due, inter alia, to the small role equity markets play in firm finance, the low…”
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Exchange rate pass-through in a small open economy: Panel evidence from Hong Kong by Parsley, David C.

“…This paper presents estimates of exchange rate pass‐through derived from a panel of very disaggregated import unit‐values to Hong Kong. The estimation approach…”
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Official Exchange Rate Arrangements and Real Exchange Rate Behavior by Parsley, David C., Popper, Helen A.

“…We study the behavior of real exchange rates under various official designations of exchange rate arrangements. Examining many currencies, we find important…”
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Risk Sharing in a Politically Divided Monetary Union by Parsley, David, Popper, Helen

“…We document stark asynchronicity across U.S. states, particularly across groups of states whose populations have voted consistently Democrat or consistently…”
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Insignificant and Inconsequential Hysteresis: The Case of U.S. Bilateral Trade by Parsley, David C., Wei, Shang-Jin

“…This paper casts doubt on the validity of the hysteresis hypothesis as an explanation of the persistent U.S. trade deficits in the 1980s. We propose two tests…”
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Slow Pass-through Around the World: A New Import for Developing Countries? by Frankel, Jeffrey, Parsley, David, Wei, Shang-Jin

“…Developing countries traditionally experience pass-through of exchange rate changes that is greater and more rapid than high-income countries experience. This…”
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Exchange Rates, Domestic Prices, and Central Bank Actions: Recent U.S. Experience by Parsley, David C., Popper, Helen A.

“…Central banks that are primarily concerned with the behavior of prices will use monetary policy to try to insulate prices from exchange rate changes. Prices…”
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