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Domestic and Foreign Country Bias in International Equity Portfolios
Diyarbakirlioglu, Erkin - 2020
Distinguishing two components of the preference for geographical proximity – the domestic country bias assessing … investors' holdings within the domestic market, and the foreign country bias assessing investors' bilateral holdings within a … report several positive country bias ratios suggesting that the source country's investors overweigh the destination market …
Persistent link: https://www.econbiz.de/10012843913
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Systemic bias of IMF reserve and debt forecasts for program countries
Eicher, Theo S.; Kawai, Reina - In: International journal of forecasting 40 (2024) 3, pp. 985-1001
Persistent link: https://www.econbiz.de/10014547232
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How Do Sovereign Credit Ratings Help to Financially Develop Low-Developed Countries?
Luitel, Prabesh - 2018
controlling for endogeneity and selection bias, we compare different aspects of the financial sector and the capital markets of …
Persistent link: https://www.econbiz.de/10012907686
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Higher Multilateral Development Bank Lending, Unchanged Capital Resources and Triple-A Rating. A Possible Trinity after All?
Settimo, Riccardo - 2019
This paper contributes to the literature on Multilateral Development Banks' (MDBs) balance sheet optimization in two ways. First, it looks at solutions to alleviate the ‘trilemma' faced by MDBs – stemming from G20 shareholders' calls for increasing development lending while, simultaneously,...
Persistent link: https://www.econbiz.de/10012865148
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BRICS joint financial architecture : the New Development Bank
Silva, Luciana Acioly da - 2019
institutions established after the Second World War, NDB still faces important challenges to meet those goals. …
Persistent link: https://www.econbiz.de/10012061815
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The Relative Importance of Global, Country and Sector Risks
Girard, Eric - 2009
We construct a state-dependent trivariate GARCH-M model to extract state-dependent risk-aversion coefficients around the 1997-1999 financial meltdown. These coefficients are further used to decompose sector risk into global (systematic), country-specific (diversifiable through global country...
Persistent link: https://www.econbiz.de/10013153050
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Does the Choice of Stock Market Synchronicity Measure Matter? Evidence from Developed and Emerging Countries
Khandaker, Sarod - 2015
This paper analyses stock synchronicity measures proposed by Morck et al (2000), the classical measure and the R square measure. The Study finds evidence that stock markets of emerging economies are more synchronous than the developed economies using both the synchronicity measures. It is found...
Persistent link: https://www.econbiz.de/10013010511
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Market Development, Information Diffusion and the Global Anomaly Puzzle
Cai, Charlie X. - 2020
Previous literature finds that anomalies are at least as prevalent in developed markets as in emerging markets; namely, the global anomaly puzzle. We show that while market development and information diffusion are linearly related, information diffusion has a nonlinear impact on anomalies. This...
Persistent link: https://www.econbiz.de/10012855140
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The BoC-BoE sovereign default database : what's new in 2019?
Beers, David; Leon-Manlagnit, Patrisha de - 2019
Until recently, few efforts have been made to systematically measure and aggregate the nominal value of the different types of sovereign government debt in default. To help fill this gap, the Bank of Canada (BoC) developed a comprehensive database of sovereign defaults that is posted on its...
Persistent link: https://www.econbiz.de/10012104263
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The BoC-BoE sovereign default database revisited : what’s new in 2018?
Beers, David; Mavalwalla, Jamshid - 2018
Until recently, there have been few efforts to systematically measure and aggregate the nominal value of the different types of sovereign government debt in default. To help fill this gap, the Bank of Canada's Credit Rating Assessment Group (CRAG) has developed a comprehensive database of...
Persistent link: https://www.econbiz.de/10011872503