Showing 1 - 10 of 869
for Brazil, Chile, and Mexico; risk tolerance for Argentina, Costa Rica, and Peru …
Persistent link: https://www.econbiz.de/10013388809
As domestic sources of outside finance are limited in many countries around the world, it is important to understand the factors that influence whether foreign outside investors provide capital to a country's firms. This study examines whether and why investor concern about corporate governance...
Persistent link: https://www.econbiz.de/10012466446
A number of countries have delayed the opening of their capital markets to international" investment because of reservations about the impact of foreign speculators on both expected" returns and market volatility. We propose a cross-sectional time-series model that attempts to" assess the impact...
Persistent link: https://www.econbiz.de/10012472501
To gauge the amount of portfolio inflows a country can expect to receive, we create a benchmark, a longer-term baseline path around which actual flows fluctuate. The relationship between our benchmark and actual flows is quite strong for emerging market economies (EMEs). For our sample of 28...
Persistent link: https://www.econbiz.de/10012452960
We examine how emerging market (EM) investors allocate their stock portfolios internationally. Using both country-level and institution-level data, we find that the coming wave of EM investors systematically over- and under-weight their holdings in some target countries. These abnormal foreign...
Persistent link: https://www.econbiz.de/10012457008
We study the short- and long-run effects of financial integration in emerging economies using a two-sector model with a collateral constraint on external debt and trading costs incurred by foreign investors. The probability of a financial crisis displays overshooting: It rises sharply initially...
Persistent link: https://www.econbiz.de/10012459589
studying bank-specific data on lending by domestically- and foreign-owned banks in Argentina and Mexico. We find that foreign … credit growth during crisis periods. In Argentina, the loan portfolios of foreign and domestic privately-owned banks are … lower levels of impaired assets have similar loan responsiveness and portfolios. State-owned banks (Argentina) and banks …
Persistent link: https://www.econbiz.de/10012471047
urbanization in middle-income countries such as Argentina, but it will slow down urban transition in poor countries like Malawi and …
Persistent link: https://www.econbiz.de/10012479679
sample of four emerging small open economies: Argentina, Ecuador, Venezuela, and Brazil. We postulate a stochastic volatility …
Persistent link: https://www.econbiz.de/10012463773
We use more than one century of Argentine and Mexican data to estimate the structural parameters of a small-open-economy real-business-cycle model driven by nonstationary productivity shocks. We find that the RBC model does a poor job at explaining business cycles in emerging countries. We then...
Persistent link: https://www.econbiz.de/10012466032