Martin Evans

Learn More
The surge in international asset trade since the early 1990s has lead to renewed interest in models with international portfolio choice. We develop the implications of portfolio choice for both gross and net international capital ‡ows in the context of a simple two-country dynamic stochastic general equilibrium (DSGE) model. We focus on the time-variation(More)
This paper surveys empirical research in foreign exchange microstructure, a relatively new field focused on the currency market and exchange-rate determination. The survey first describes the institutional structure of the market and the high-frequency behavior of returns, volatility, trading volume, and spreads. It then discusses the influence of order(More)
We propose an exchange rate model which is a hybrid of the conventional specification with monetary fundamentals and the Evans-Lyons microstructure approach. We estimate a model augmented with order flow variables, using a unique data set: almost 100 monthly observations on inter-dealer order flow on dollar/euro and dollar/yen. The augmented macroeconomic,(More)
Four studies support the development and validation of a framework for understanding the range of social psychological outcomes valued subjectively as consequences of negotiations. Study 1 inductively elicited and coded elements of subjective value among students, community members, and practitioners, revealing 20 categories that theorists in Study 2 sorted(More)
Against the backdrop of increasing energy demands, the threat of climate change and dwindling fuel reserves, finding reliable, diverse, sustainable/renewable, affordable energy resources has become a priority for many countries. Marine energy conversion systems are at the forefront of providing such a resource. Most marine renewable energy conversion(More)
  • Livia Chit¸u, Barry Eichengreen, Arnaud Mehl, Sandro Andrade, Nicolas Coeurdacier, Livio Stracca +7 others
  • 2015
JEL classification: F30 N20 Keywords: Gravity model International finance Geography of asset holdings Hysteresis Endogenous learning International role of the dollar a b s t r a c t We analyse patterns of bilateral financial investment using data on US holdings of foreign bonds. We document a " history effect " in which holdings seven decades ago continue(More)
  • Ric Colacito, Max Croce, Steven Ho, Philip Howard, David Backus, Harjoat S Bhamra +9 others
  • 2013
We characterize an international production economy in which (1) agents have Epstein and Zin (1989) preferences, (2) international productivity frontiers are exposed to both short-and long-run shocks, and (3) consumption features a larger degree of home bias relative to investment. Under our recursive risk-sharing scheme, good long-run news for domestic(More)
  • 1