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in a countercyclical way, that is they tend to be positive (negative) when the domestic economy is growing more slowly … (rapidly) than the rest of the world. Countries with more countercyclical net capital gains experience improved consumption …
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This paper shows that, controlling for standard determinants of net external positions, financially-remote countries exhibit more positive net external positions. This finding is found to be stronger for less advanced countries, hinting at external funding problems for more remote countries....
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An empirical overview of the UNESCO World Heritage List according to various characteristics is presented. The … officially stated intention of the World Heritage List is to protect global heritage. Our focus is on the imbalance of the … considered "balanced" from different points of view. It turns out that the World Heritage List is unbalanced with respect to a …
Persistent link: https://www.econbiz.de/10009236783
We investigate asset returns around banking crises in 44 advanced and emerging economies from 1960 to 2018. In contrast to the view that buying assets during banking crises is a profitable long-run strategy, we find returns of equity and other asset classes generally underperform after banking...
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