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Financial globalization in emerging countries: Diversification vs. offshoring
Ceballos, Francisco; Didier, Tatiana; Schmukler, Sergio L. - 2012
offshoring. The diversification dimension of globalization refers to the increase in foreign assets and liabilities in countries … markets and countries. We also show that the nature of financing through both diversification and offshoring has improved for … examines two important concurrent dimensions of financial globalization relevant for emerging countries: diversification and …
Persistent link: https://www.econbiz.de/10010397209
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Financial Globalization in Emerging Countries : Diversification vs. Offshoring
Ceballos, Francisco - 2014
offshoring. We find that globalization via the diversification channel has expanded throughout during the 2000s as domestic … examines two important concurrent dimensions of financial globalization relevant for emerging countries: diversification and … offshoring has displayed more mixed patterns, with variations across markets and countries …
Persistent link: https://www.econbiz.de/10013065216
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Domestic Financial Markets and Offshore Bond Financing
Serena, José María - 2016
Firms in emerging market economies markedly increased their issuance of bonds in offshore markets after the Great Financial Crisis. By contrast, increases in offshore bond issuance by firms in advanced economies were more muted. An empirical analysis suggests that the less developed state of...
Persistent link: https://www.econbiz.de/10012982628
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Testing Security Spanning, with Application to the Emerging Offshore Yuan Market
Bowden, Roger J. - 2014
Security market integration and spanning failures can arise from differential informational access or from administrative barriers to different types of investor, e.g. onshore versus offshore. However, where sufficient motivation exists, a parallel market could arise, where offshore investors...
Persistent link: https://www.econbiz.de/10013059975
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The Diversification Potential Offered by Emerging Markets in Recent Years
Camilleri, Silvio John - 2009
This paper investigates the diversification prospects which may be reaped when investing in a mixture of emerging and … diversification potential and therefore risk reduction. Yet, the latter may be counterbalanced by the fact that emerging markets … that emerging markets have offered diversification potential. However we also find evidence of features which make it more …
Persistent link: https://www.econbiz.de/10013157817
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Securitization of mortgage debt, asset prices and international risk sharing
Hoffmann, Mathias; Nitschka, Thomas - 2009
We explore the impact of mortgage securitization on the international diversification of macroeconomic risk. By making …
Persistent link: https://www.econbiz.de/10010264540
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The banking sector and the Swiss financial account during the financial and European debt crises
Auer, Raphael A.; Tille, Cedric - In: Aussenwirtschaft 67 (2016) 2, pp. 69-97
The US financial crisis and the later Eurozone crisis have substantially affected capital flows into and out of financial centers like Switzerland. We focus on the pattern of capital flows involving the Swiss banking industry. We first rely on balance-of-payment statistics and show that net...
Persistent link: https://www.econbiz.de/10012435218
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Interest Rate Co-movements, Global Factors and the Long End of the Term Spread
Byrne, Joseph P.; Fazio, Giorgio; Fiess, Norbert - Department of Economics, Adam Smith Business School - 2010
The disconnect between rising short and low long interest rates has been a distinctive feature of the 2000s. Both research and policy circles have argued that international forces, such as global monetary policy (e.g. Rogoff, 2006); international business cycles (e.g. Borio and Filardo, 2007);...
Persistent link: https://www.econbiz.de/10008478959
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Securitization of Mortgage Debt, Asset Prices and International Risk Sharing
Hoffmann, Mathias; Nitschka, Thomas - CESifo - 2009
We explore the impact of mortgage securitization on the international diversification of macroeconomic risk. By making …
Persistent link: https://www.econbiz.de/10005406369
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Financialization in emerging Europe
Kazandziska, Milka - 2022
This paper contributes to the financialization literature exploring the dynamics of financialization in eight emerging European economies (EEEs) compared to the Anglo-Saxon countries. Our analysis encompasses the decade before and the years following the financial crisis in 2008, including the...
Persistent link: https://www.econbiz.de/10013254498