Showing 1 - 10 of 576
relevant for emerging markets as they integrate financially with the rest of the world. This paper argues that, because of the …
Persistent link: https://www.econbiz.de/10013068213
The co-dependence between assets tends to increase when the market declines. This paper develops a correlation measure focusing on market declines using the expected shortfall (ES), referred to as the ES-implied correlation, to improve the existing value at risk (VaR)-implied correlation....
Persistent link: https://www.econbiz.de/10012894654
transactions take place. The authors find that globalization via the diversification channel expanded throughout the world during …
Persistent link: https://www.econbiz.de/10012975170
relevant for emerging markets as they integrate financially with the rest of the world. This paper argues that, because of the …
Persistent link: https://www.econbiz.de/10012976061
economic management in the developed world and the economic models that guide it. The crisis has revealed major market failures … should largely reinforce the Post-Washington Consensus on development that has emerged over the past decade -- a world view …
Persistent link: https://www.econbiz.de/10012976477
This paper studies channels through which well-known benchmark indexes impact asset allocations and capital flows across countries. The study uses unique monthly micro-level data of benchmark compositions and mutual fund investments during 1996-2012. Benchmarks have important effects on equity...
Persistent link: https://www.econbiz.de/10012973239
Adverse shocks to rich countries often have a large and persistent negative impact on investment and output in developing countries. This paper examines a transmission mechanism that can account for this stylized fact. The mechanism is based on the existence of international financial frictions....
Persistent link: https://www.econbiz.de/10012976389
developing countries in the world economy and the emerging multi-polar growth setting. It evaluates the stability of the current …
Persistent link: https://www.econbiz.de/10012975233
represented 83 percent of the world's population and 91 percent of the world's GDP in 2013. It addresses the following five … setting trade policy? Finally, how liberalized is world trade? The analysis documents the extent of cross … concludes that substantial trade policy barriers remain as an important feature of the world economy …
Persistent link: https://www.econbiz.de/10012936297
This paper revisits and expands the evidence on the impact of trade shocks on intra-state conflict with a large sample of developing countries in the 1960-2010 period. The results suggest that increases in the prices of a country's exported commodities raise the country's risk of civil conflict...
Persistent link: https://www.econbiz.de/10012972438