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Deconstructing Herding : Evidence from Pension Fund Investment Behavior
Raddatz, Claudio E. - 2017
Pension funds have been expected to invest in a wide range of securities and provide liquidity todomestic capital markets since they are the most sophisticated investors, with plenty of resources to gather private information and manage portfolios professionally. However, by analyzing unique,...
Persistent link: https://www.econbiz.de/10012975931
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Media Sentiment and International Asset Prices
Fraiberger, Samuel P. - 2018
world, which does not reverse in the short run. Media sentiment affects mainly foreign -- rather than local -- investors …
Persistent link: https://www.econbiz.de/10012906911
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Sudden Stops : Are Global and Local Investors Alike?
Calderón, César - 2017
likely to stop bringing their capital when their economy is growing and the world interest rate is lower. Domestic agents are …
Persistent link: https://www.econbiz.de/10012976162
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Co-Movement of Major Commodity Price Returns : Time-Series Assessment
de Nicola, Francesca - 2017
This paper provides a comprehensive analysis of the degree of co-movement among the nominal price returns of 11 major energy, agricultural and food commodities based on monthly data between 1970 and 2013. A uniform-spacings testing approach, a multivariate dynamic conditional correlation model...
Persistent link: https://www.econbiz.de/10012973288
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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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Emerging Markets Instability : Do Sovereign Ratings Affect Country Risk and Stock Returns?
Kaminsky, Graciela - 2017
Financial market instability has been the focus of attention of both academic and policy circles. Rating agencies have been under particular scrutiny lately as promoters of financial excesses, upgrading countries in good times and downgrading them in bad times. Using a panel of emerging...
Persistent link: https://www.econbiz.de/10012946750
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Does Pollution Hinder Urban Competitiveness?
Kahn, Matthew Edwin - 2019
This paper surveys the recent literature exploring the causes of urban pollution in the developing world and the …
Persistent link: https://www.econbiz.de/10012892687
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Antidumping and Market Competition : Implications for Emerging Economies
Bown, Chad P. - 2017
major tool in the trade policy arsenal. The paper examines these concerns in light of important ways in which the world …
Persistent link: https://www.econbiz.de/10012974987
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How Bank Competition Affects Firms'Access to Finance
Love, Inessa - 2017
of bank competition on firms' access to finance. They find that low competition, as measured by high values of the Lerner … firms' access to finance. In addition, they find that the impact of competition on access to finance depends on the … information, can mitigate the damaging impact of low competition. But other characteristics, such as high government bank …
Persistent link: https://www.econbiz.de/10012975068
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Is the Financial Safety Net a Barrier to Cross-Border Banking?
Demirgüç-Kunt, Asli - 2017
A bank's interest expenses rise with its degree of internationalization, measured by its share of foreign liabilities in total liabilities or a Herfindahl index of international liability concentration, especially if the bank is performing badly. The results in this paper suggest that an...
Persistent link: https://www.econbiz.de/10012975492