rational and forward-looking. It presents an overlapping generations model in which agents make a portfolio decision over …

in imposing standards for risk diversification in the credit portfolio. The issues reviewed for each country are the …This paper reviews the rules in place in selected countries to limit risk concentrations in the credit portfolio. The …

of a mean-variance portfolio optimization model. Overall, international diversification gains in banking appear to be … countries and their subsidiaries overseas during 1995-2004, and studies the extent of diversification gains from their local … diversification gains could usefully be considered in the second pillar of Basel II as the first pillar is based only on the …

Emerging economies in the post-crisis period increasingly saw portfolio debt inflows from a type of large international … aversion, large MSBF portfolio reallocations out of EMs can be associated with underperformance of the same markets, signaling …

We analyze the implications of linking the compensation of fund managers to the return of their portfolio relative to … that of a benchmark-a common solution to the agency problem in delegated portfolio management. In the presence of such …

financial market spillovers over the period 2001-12 through four channels: bilateral portfolio investment, bilateral trade, home … bias, and country concentration. The paper finds that, if a country has a large amount of bilateral portfolio exposure in … portfolio investment assets, they should strengthen prudential regulations to mitigate against rising risks of financial …