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Covid-19 Mortality in Rich and Poor Countries : A Tale of Two Pandemics?
Schellekens, Philip - 2020
applies not just to the vulnerable in the rich world; the vulnerable in the rest of the world are not more immune. Yet … inequality creates the impression that the world is subjected to two different pandemics in terms of their impact. This paper … yet to run its course through the age distributions of the world …
Persistent link: https://www.econbiz.de/10012832606
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Comparable Estimates of Returns to Schooling Around the World
Montenegro, Claudio E. - 2017
presents comparable estimates, as well as a database, that use the same specification, estimation procedure, and similar data … definition of the dependent variable, the set of control variables, the sample definition, and the estimation method for all …
Persistent link: https://www.econbiz.de/10012972785
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Search for Yield in Large International Corporate Bonds : Investor Behavior and Firm Responses
Calomiris, Charles W. - 2019
Emerging market corporations have significantly increased their borrowing in international markets since 2008. This paper shows that this increase was driven by large-denomination bond issuances, most of them with face value of US$500 million. Large issuances are eligible for inclusion in...
Persistent link: https://www.econbiz.de/10012865489
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Financial Globalization and Market Volatility : An Empirical Appraisal
Cordella, Tito - 2017
This paper computes a new financial globalization index for a large sample of countries for 1992-2016. Unlike other measures, the financial globalization index corrects for the heteroscedasticity of global volatility. This leads to a downward adjustment of financial globalization trends for...
Persistent link: https://www.econbiz.de/10012954311
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Capital Control Liberalization and Stock Market Development
Belli, Paolo - 2017
The authors address two questions: What happens to stock market size, liquidity, volatility, and integration with world …
Persistent link: https://www.econbiz.de/10012746910
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What Drives the Development of the Insurance Sector? An Empirical Analysis Based on a Panel of Developed and Developing Countries
Feyen, Erik - 2017
The insurance sector can play a critical role in financial and economic development. By reducing uncertainty and the impact of large losses, the sector can encourage new investments, innovation, and competition. As financial intermediaries with long investment horizons, insurance companies can...
Persistent link: https://www.econbiz.de/10012976136
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A New Tail-Based Correlation Measure and its Application in Global Equity Markets
Liu, Jinjing - 2019
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
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What Explains Stock Markets'Vulnerability to the 2007-2008 Crisis?
Didier, Tatiana - 2017
This paper examines the determinants of stock markets' vulnerability to the 2007-2008 crisis. Given that the United States (US) was the crisis epicenter, the authors analyze the factors driving the co-movement between US returns and stock returns in 83 countries. The analysis distinguishes...
Persistent link: https://www.econbiz.de/10012976664
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Mobile Phone Coverage and Producer Markets : Evidence from West Africa
Aker, Jenny C. - 2017
Mobile phone coverage has expanded considerably throughout the developing world, particularly within sub-Saharan Africa …
Persistent link: https://www.econbiz.de/10012972938
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Determinants of Social Distancing and Economic Activity During COVID-19 : A Global View
Maloney, William F. - 2020
The paper uses Google mobility data to identify the determinants of social distancing during the 2020 COVID-19 outbreak. The findings for the United States indicate that much of the decrease in mobility is voluntary, driven by the number of COVID-19 cases and proxying for greater awareness of...
Persistent link: https://www.econbiz.de/10012834265