Showing 1 - 10 of 9,061
In this paper we explore how small countries such as Malaysia, Singapore, and Taiwan, can offer their aging populations the means to protect their retirement income against inflation without the governments directly issuing inflation-protected bonds. While inflation swaps are a well-known means...
Persistent link: https://www.econbiz.de/10013114670
This paper explores whether different funding structures-including the source, instrument, currency, and counterparty … location of funding-affected the extent of financial stress experienced in various countries and sectors during the Covid-19 … sovereigns, banks, and corporates. Then we use country-sector and country-sector-time panels to assess if these different funding …
Persistent link: https://www.econbiz.de/10013503718
This paper explores the relationship between different funding structures--including the source, instrument, currency …, and counterparty location of funding--and the extent of financial stress experienced in different countries and sectors …-sector-time panels to assess how different funding structures are related to financial stress. A higher share of funding from non …
Persistent link: https://www.econbiz.de/10014287355
This paper explores whether different funding structures – including the source, instrument, currency, and counterparty … location of funding – affected the extent of financial stress experienced in different countries and sectors during the early … internationalisation tended to mitigate – or amplify – the impact of this risk-off shock. We find that banks with a higher share of funding …
Persistent link: https://www.econbiz.de/10014262700
We use a new data set to study the determinants of the performance of open-end actively managed equity mutual funds in 27 countries. We find that mutual funds underperform the market overall. The results show important differences in the determinants of fund performance in the U.S. and elsewhere...
Persistent link: https://www.econbiz.de/10003394375
We examine the spread of UCITS funds around the world, and consider whether such mutual funds that adopt higher standards of voluntary investor protection expand their operations to other countries with higher or lower investor protection regimes. The data indicate equity funds spread to...
Persistent link: https://www.econbiz.de/10013105441
We examine the spread of Undertakings for Collective Investment in Transferable Securities (UCITS) funds around the world and consider whether such mutual funds, which voluntarily adopt higher standards of investor protection, expand their operations to other countries with higher or lower...
Persistent link: https://www.econbiz.de/10013088322
In this paper, we consider for the first time the impact of fund regulation on the international distribution of investment funds. We study the 2001 UCITS Directive of the European Union, which was put in place to mitigate fraud and promote investor confidence throughout Europe. We examine the...
Persistent link: https://www.econbiz.de/10013070662
We discuss the pros of adopting government-issued digital currencies as well as a supranational digital iCurrency. One such pro is to get rid of paper money (and coinage), a ubiquitous medium for spreading germs, as highlighted by the recent coronavirus outbreak. We set forth three policy...
Persistent link: https://www.econbiz.de/10012839523
We study the relation between institutionalization of capital and the reliance on public markets by corporations and investors. Country-level evidence indicates that capital under institutional management (ownership by mutual funds, pension funds, and insurance companies) is negatively related...
Persistent link: https://www.econbiz.de/10012955074