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Since the 1970s, the world has embarked on a new financial globalization era. Cross-country capital flows have … significantly increased in developed and developing countries. However, the characteristics of financial globalization differ from … financial globalization (such as additional funding, broad diversification, and deeper financial systems), the positive effects …
Persistent link: https://www.econbiz.de/10012947853
transactions take place. The authors find that globalization via the diversification channel expanded throughout the world during …Financial globalization has gathered attention since the early 1990s because of its macro-financial implications and … growing importance. But financial globalization has taken shape via different forms over time. This paper examines two …
Persistent link: https://www.econbiz.de/10012975170
During the past decades, firms from emerging economies have significantly increased the amount of financing obtained in capital markets. Whereas the literature argues that international markets have been an important contributor to this process, the role of domestic markets is mostly unknown. By...
Persistent link: https://www.econbiz.de/10012871014
This paper studies how portfolios with a global investment scope are allocated internationally using a unique micro dataset on U.S. equity mutual funds. While mutual funds have great flexibility to invest globally, they invest in a surprisingly limited number of stocks, around 100. The number of...
Persistent link: https://www.econbiz.de/10012976213
integrating financially with the rest of the world since the 1990s, using bilateral data on portfolio investments, syndicated bank …, theregion is increasingly more connected with itself and with the rest of the world, even relative to GDP. Second, although …
Persistent link: https://www.econbiz.de/10012935816
Persistent link: https://www.econbiz.de/10000671096
Persistent link: https://www.econbiz.de/10013264149