Narrow search
Showing 1 - 10 of 167
Cover Image
Remittances and financial openness
Beine, Michel; Lodigiani, Elisabetta; Vermeulen, Robert - 2010
Remittances have greatly increased during recent years, becoming an important and reliable source of funds for many developing countries. Therefore, there is a strong incentive for receiving countries to attract more remittances, especially through formal channels that turn to be either less...
Persistent link: https://www.econbiz.de/10010270535
Cover Image
Covid-19 and Income Inequality: Evidence from Monthly Population Registers
Angelov, Nikolay; Waldenström, Daniel - 2021
We measure the distributional impact of the COVID-19 pandemic using newly released population register data in Sweden. Monthly earnings inequality increased during the pandemic, and the key driver is income losses among low-paid individuals while middle- and high-income earners were almost...
Persistent link: https://www.econbiz.de/10012657884
Cover Image
Paralyzed by Shock and Confused by Glut: The Portfolio Formation Behavior of Peer-to-Business Lending Investors
Dorfleitner, Gregor; Hornuf, Lars; Weber, Martina - 2018
We study the investor behavior on a leading peer-to-business lending platform and find evidence of two new investment biases—a default shock bias and a deep market bias. First, we find investors to stop investing in new loans and to cease from diversifying their portfolio after experiencing a...
Persistent link: https://www.econbiz.de/10011872149
Cover Image
Firm heterogeneity and credit risk diversification
Hanson, Samuel; Pesaran, Mohammad Hashem; Schuermann, Til - 2005
This paper considers a simple model of credit risk and derives the limit distribution of losses under different assumptions regarding the structure of systematic and idiosyncratic risks and the nature of firm heterogeneity. The theoretical results obtained indicate that if firm-specific risk...
Persistent link: https://www.econbiz.de/10010276169
Cover Image
Optimal asset allocation with factor models for large portfolios
Pesaran, Mohammad Hashem; Zaffaroni, Paolo - 2008
This paper characterizes the asymptotic behaviour, as the number of assets gets arbitrarily large, of the portfolio weights for the class of tangency portfolios belonging to the Markowitz paradigm. It is assumed that the joint distribution of asset returns is characterized by a general factor...
Persistent link: https://www.econbiz.de/10010276224
Cover Image
Asset Diversification versus Climate Action
Hambel, Christoph; Kraft, Holger; van der Ploeg, Rick - 2020
. In the longer run, however, a trade-off between diversification and climate action emerges. We derive the optimal carbon …
Persistent link: https://www.econbiz.de/10012269546
Cover Image
Double Diversification with an Application to Iceland
Gylfason, Thorvaldur; Wijkman, Per Magnus - 2015
diversification as an essential aspect of national risk management aimed at promoting efficiency, growth, and welfare. The paper first … presents economic and political diversification side by side in a cross-country framework and discusses how they interact and … effects of insufficient economic and insufficient political diversification. Dominated for decades by the fishing industry …
Persistent link: https://www.econbiz.de/10010531861
Cover Image
Firm Size and Diversification: Asymmetric Multiproduct Firms under Cournot Competition
Grossmann, Volker - 2003
A positive relationship between firm size and product diversification is a long-standing stylized fact. However, so far …
Persistent link: https://www.econbiz.de/10010315879
Cover Image
Asset Diversification Versus Climate Action
Hambel, Christoph - 2020
. In the longer run, however, a trade-off between diversification and climate action emerges. We derive the optimal carbon …
Persistent link: https://www.econbiz.de/10012825992
Cover Image
Does Energy Diversification Cause an Economic Slowdown? Evidence from a Newly Constructed Energy Diversification Index
Gozgor, Giray; Paramati, Sudharshan Reddy - 2021
system. Given this backdrop, this study introduces a new measure of energy diversification. It explores its impact on … economic growth with increasing long-run energy diversification. However, some countries (OECD and G20) experience negative … economic growth due to energy diversification in the short term. The results also disclosed that energy diversification does …
Persistent link: https://www.econbiz.de/10013215675