This study focuses on the diversification benefits of the most developed equity markets of Central and Eastern Europe … (CEE). To evaluate these benefits of diversification we use so-called spanning tests based on a stochastic discount factor … our study addresses the diversification benefits not only for U.S. investors, as is the usual case in these empirical …

Worker remittances constitute an increasingly important mechanism for the transfer of resources from developed to … developing countries, and remittances are the second-largest source, behind foreign direct investment, of external funding for … developing countries. Yet, literature on worker remittances has so far focused mainly on the impact of remittances on income …