Similar Search Results

Delegated portfolio management, benchmarking, and the effects on financial markets

Igan, Deniz; Pinheiro, Marcelo - 2015

Persistent link: https://www.econbiz.de/10011373935

International Risk Sharing : Through Equity Diversification or Exchange Rate Hedging?

Matsumoto, Akito - 2009

Well-known empirical puzzles in international macroeconomics concern the large divergence of equilibrium outcomes for consumption across countries from the predictions of models with full risk sharing. It is commonly believed that these risk-sharing puzzles are related to another empirical...

Persistent link: https://www.econbiz.de/10014404288

Risks and vulnerabilities in the U.S. bond mutual fund industry

Bouveret, Antoine; Yu, Jie - 2021

Distress'. Overall, most U.S. mutual funds are resilient yet high yield (HY) and loan funds would face a liquidity shortfall …

Persistent link: https://www.econbiz.de/10012605013

Institutionalizing countercyclical investment : a framework for long-term asset owners

Jones, Bradley A. - 2016

Do portfolio shifts by the world's largest asset owners respond procyclically to past returns, or countercyclically to …

Persistent link: https://www.econbiz.de/10011445378

Elasticity Optimism

International Monetary Fund - 2009

In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...

Persistent link: https://www.econbiz.de/10014402215

International Currency Portfolios

Kumhof, Michael - 2009

This paper develops a theory of international currency portfolios that holds in general equilibrium, and that is … short (long) position in foreign currency. (4) A fiscal theory of exchange rate determination is compatible with general … equilibrium in a two-country world. (5) Equilibria are determinate when both fiscal and monetary policy are passive …

Persistent link: https://www.econbiz.de/10014403178

International Financial Integration

Lane, Philip R. - 2003

In recent decades, the foreign assets and liabilities of advanced economies have grown rapidly relative to GDP, with the increase in gross cross-holdings far exceeding changes in the size of net positions. Moreover, the portfolio equity and FDI categories have grown in importance relative to...