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Inflation shocks are one of the pitfalls of developing economies and are usually difficult to hedge. This paper examines the optimal strategic asset allocation for a Brazilian investor seeking to hedge inflation risk at different horizons, ranging from one to 30 years. Using a...
Persistent link: https://www.econbiz.de/10010708884
The exceptional rise in government deficits following the subprime crisis, the recent commodity price spikes and the increase in inflation volatility have revived the debate on medium to long-term resurgence of inflation. Using a vector-autoregressive model, this paper investigates the...
Persistent link: https://www.econbiz.de/10011072550
The unconventional monetary policies implemented in the wake of the subprime crisis and the recent increase in inflation volatility have revived the debate on medium to long-term resurgence of inflation. This paper presents the optimal strategic asset allocation for investors seeking to hedge...
Persistent link: https://www.econbiz.de/10011074429
Private savings for retirement, in the form of pensions, play an important role in most OECD countries. Given the scale of assets managed, these funds constitute a major institutional investor. The aim of this article is to present the financial behaviour of pension funds in these countries. A...
Persistent link: https://www.econbiz.de/10010764090
The American pension funds system reinforces the sensibility of the American economy to financial markets fluctuations. Market risk is supported by companies as concerns defined benefits funds (DB) and by households as regards defined contributions plans (DC). DC funds are often over-invested in...
Persistent link: https://www.econbiz.de/10010708329
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based on innovation. Private equity activity is in this regard a better mode of financing innovative enterprises added to …
Persistent link: https://www.econbiz.de/10010861399
correlated to the size of investment of the innovation projects and the level of seniority is positively associated to the most … innovative projects. The seniority of champions explains positively the innovation success, but the hierarchical level has no …
Persistent link: https://www.econbiz.de/10010861514
relates to the type of innovation, the characteristics of the market sector in which they operate, the firms’ characteristics …
Persistent link: https://www.econbiz.de/10010861533