This talk will explain a model of the global trade network developed and tested by Dr. Richmond. The model connects international co-movements of quantities and asset prices to a simple measure of network closeness, constructed from observed trade weights. The talk will explore how countries' positions in the global trade network can impact their interest rates and currency risk premia, among other findings.
About the speaker
Dr. Robert Richmond is an assistant professor of finance at the Stern School of Business at NYU. His research interests include international finance, macroeconomics and asset pricing.