barriers to international investment (capital controls and transaction costs) and implicit barriers (governance and information … and relaxing controls on cross-border investment. Capital can flow easily to the destination that offers higher returns as … the results of decreasing obstacles to international investment. However, despite well documented gains from international …

portfolio to be approximately 17% while the standard portfolio theory suggests that the proportion ought to be in the order of …

barriers to international investment (capital controls and transaction costs) and implicit barriers (governance and information … and relaxing controls on cross-border investment. Capital can flow easily to the destination that offers higher returns as … the results of decreasing obstacles to international investment. However, despite well documented gains from international …

This chapter surveys theoretical research on the long-term performance of fixed-mix investment strategies. These self … main result is that wealth can be grown from volatility. Our findings demonstrate the benefits of active portfolio …

We show that the volatility of a price process, which is usually regarded as an impediment to financial growth, can …

This paper develops a theory of non-monetary collusion, where agents exchange favours. We examine the optimal use of … information in a simple hierarchy. It is shown that when only the supervisor's information about agent is used, collusion does not …