Market-specific and Currency-specific Risk During the Global Financial Crisis: Evidence from the Interbank Markets in Tokyo and London
NBER Working Paper No. 16962
---- Acknowledgements ----
Earlier versions of this paper were presented at the 21st East Asian Seminar on Economics in Sydney, Three-country Conference in Tokyo, Development Bank of Japan, and University of Sothern California. I would like to thank T. Ito, V. L.Martin, S.-P. Shi, and the other participants for their helpful comments. This work was supported by a grant-in-aid from the Zengin Foundation for Studies on Economics and Finance in Japan The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.