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Given the dramatic globalization over the past twenty years, does it make sense to segregate global equities into “developed” and “emerging” market buckets? We argue that the answer is still yes. While correlations between developed and emerging markets have increased, the process of...
Persistent link: https://www.econbiz.de/10012973844
Given the dramatic globalization over the past twenty years, does it make sense to segregate global equities into “developed” and “emerging” market buckets? We argue that the answer is still yes. While correlations between developed and emerging markets have increased, the process of...
Persistent link: https://www.econbiz.de/10013051425
Corporate bond returns in the major developed economies increase with risk, as measured by maturity and ratings. From a …
Persistent link: https://www.econbiz.de/10012259354
Persistent link: https://www.econbiz.de/10012026360
Little is known about the location of bank risk, i.e., which investors in which countries hold bank-issued securities … like bonds and stocks. In this paper, we analyze the (re-)distribution of bank risk across asset classes (short- and long … contains information on securities holdings at the ISIN level. Our main findings are as follows. First, bank risk is held …
Persistent link: https://www.econbiz.de/10012848093
Corporate bond returns in the major developed economies increase with risk, as measured by maturity and ratings. From a …
Persistent link: https://www.econbiz.de/10012825946
Corporate bond returns in major developed economies increase with lower ratings and higher residual maturity. The performance of various factor models featuring corporate, sovereign and equity markets as factors suggests that the corporate bond factor plays a dominant role in explaining the...
Persistent link: https://www.econbiz.de/10012849546
Persistent link: https://www.econbiz.de/10008798181
Corporate bond returns in the major developed economies increase with risk, as measured by maturity and ratings. From a …
Persistent link: https://www.econbiz.de/10012422114
Persistent link: https://www.econbiz.de/10001203643