Ron Alquist
YOU?
Author Swipe
View article: Foreign Reserve Management and U.S. Money Market Liquidity: A Cost of Exorbitant Privilege
Foreign Reserve Management and U.S. Money Market Liquidity: A Cost of Exorbitant Privilege Open
We show theoretically and empirically that the dollar's status as the global reserve currency can lead to economically significant changes in U.S. money market liquidity.We develop a model in which U.S. money market spreads respond to fore…
View article: What Does the Convenience Yield Curve Tell Us about the Crude Oil Market?
What Does the Convenience Yield Curve Tell Us about the Crude Oil Market? Open
Using the prices of crude oil futures contracts, we construct the term structure of crude oil convenience yields out to one-year maturity. The crude oil convenience yield can be interpreted as the interest rate, denominated in barrels of o…
View article: The Role of Financial Speculation in Driving the Price of Crude Oil
The Role of Financial Speculation in Driving the Price of Crude Oil Open
Over the past 10 years, financial firms have increased the size of their positions in the oil futures market. At the same time, oil prices have increased dramatically. The conjunction of these developments has led some observers to argue t…
View article: A Blessing in Disguise: The Implications of High Global Oil Prices for the North American Market
A Blessing in Disguise: The Implications of High Global Oil Prices for the North American Market Open
We examine the implications of increased unconventional crude oil production in North America. This production increase has been made possible by the existence of alternative oil-recovery technologies and persistently elevated oil prices t…
View article: The Effect of Oil Price Shocks on Asset Markets: Evidence from Oil Inventory News
The Effect of Oil Price Shocks on Asset Markets: Evidence from Oil Inventory News Open
We quantify the reaction of U.S. equity, bond futures, and exchange rate returns to oil price shocks driven by oil inventory news.
View article: Replication materials for "Financial Constraints, Institutions, and Foreign Ownership." Journal of International Economics, 118: 63-83, 2019.
Replication materials for "Financial Constraints, Institutions, and Foreign Ownership." Journal of International Economics, 118: 63-83, 2019. Open
Detailed description can be found in the published paper and read me file associated with archive.
View article: Financial Constraints, Institutions, and Foreign Ownership
Financial Constraints, Institutions, and Foreign Ownership Open
This paper examines how external finance dependence, financial development, and institutions influence brownfield foreign direct investment (FDI).We develop a model of cross-border acquisitions in which the foreign acquirer's choice of own…