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International Diversification Gains and Home Bias in Banking

García Herrero, Alicia - 2007

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

Persistent link: https://www.econbiz.de/10014401066

Risk Diversification in the Credit Portfolio : An Overview of Country Practices

Morris, JoAnne - 2001

in imposing standards for risk diversification in the credit portfolio. The issues reviewed for each country are the …

Persistent link: https://www.econbiz.de/10014401441

The return of the policy that shall not be named : principles of industrial policy

Chérif, Réda; Hasanov, Fuad - 2019

story that many ignore or claim it cannot be replicated. Using a theory and empirical evidence, we argue that one can learn …

Persistent link: https://www.econbiz.de/10012010001

The Implications of Trade Barriers for Sectoral Diversification and Macroeconomic Stability in Developing Economies

Srour, Gabriel - 2006

The paper examines the implications of lower trade barriers for sectoral diversification and macroeconomic stability in … macroeconomic stability. It shows also that diversification, in the form of equal distribution of resources between nonprimary …

Persistent link: https://www.econbiz.de/10014399995

Economic Integration, Sectoral Diversification, and Exchange Rate Policy in a Developing Economy

Srour, Gabriel - 2004

The paper develops a simple three-sector model of a developing country with nominal wage rigidity, in which one sector is thought of as the primary sector and the other two are sectors in which the country can diversify. The paper then analyzes the relationship between the market structure of...

Persistent link: https://www.econbiz.de/10014401433

Sovereign Risk and Asset and Liability Management : Conceptual Issues

Das, Udaibir S. - 2012

Country practices towards managing financial risks on a sovereign balance sheet continue to evolve. Each crisis period, and its legacy on sovereign balance sheets, reaffirms the need for strengthening financial risk management. This paper discusses some salient features embedded in in the...

Persistent link: https://www.econbiz.de/10014395627

Currency Diversification of Reserves and Sovereign Debt for Small Open Economies

Rajasingham, Indi - 1991

An approach for minimizing risk through diversification of foreign exchange reserves and sovereign borrowings is …

Persistent link: https://www.econbiz.de/10014395848

Capital Controls and International Portfolio Theory : A Microeconomic Approach

Rose, Marjorie B. - 1990

This paper examines the effects of capital controls on asset prices. A closed-form valuation model by Eun and Janakirimanan (1986) is extended to analyze the impact of three restrictions on international portfolio investment: a percentage quantity constraint on the amount of foreign securities a...

Persistent link: https://www.econbiz.de/10014396353

Portfolio Preference Uncertainty and Gains From Policy Coordination

Masson, Paul R. - 1991

International macroeconomic policy coordination is generally considered to be made less likely—and less profitable—by the presence of uncertainty about how the economy works. The present paper provides a counter-example, in which increased uncertainty about portfolio preference of investors...

Persistent link: https://www.econbiz.de/10014397897

Global Liquidity : Availability of Funds for Safe and Risky Assets

Matsumoto, Akito - 2011

What is global liquidity and how does it affect an economy? The paper addresses that question by looking at liquidity from two different perspectives: global liquidity as availability of funds in safe and risky asset markets. This distinction between safe and risky asset markets is important due...

Persistent link: https://www.econbiz.de/10014399252