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"The current account can be understood as the outcome of investment decisions made by domestic and foreign investors. These decisions can be decomposed into a portfolio rebalancing and a portfolio growth component. This paper provides empirical evidence of the importance of portfolio rebalancing...
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immunization systems, and identify outbreaks, areas of high-risk, and/or weak system performance. …
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"Model uncertainty hampers consensus on the key determinants of economic growth. Some recent cross-country, cross …-sectional analyses have employed Bayesian Model Averaging to address the issue of model uncertainty. This paper extends that approach to …
Persistent link: https://www.econbiz.de/10011394124
"This paper examines the implications of bank activity and short-term funding strategies for bank risk and returns …-interest income generating activities such as trading increases the rate of return on assets, and it may offer some risk …, although it can offer some risk reduction at commonly observed low levels of non-deposit funding. A sizeable proportion of …
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"The most basic argument for insurance is that it reduces financial risk. But since insurance opens up new … patient, it is not immediately obvious that insurance will in practice reduce financial risk. The authors analyze the effect …'s own per capita income. The estimates of the effect of insurance on financial risk allow for the possible endogeneity of …
Persistent link: https://www.econbiz.de/10010522459
, they also extend previous work by assessing the extent of risk protection afforded by formal health insurance, and by …
Persistent link: https://www.econbiz.de/10010522460