This paper seeks to understand why Asian foreign investment is concentrated in financial markets outside of the region instead of in Asian markets. We analyse empirically the geographical composition of the cross-border portfolio holdings of more than 40 source countries. We compare these...

The paper analyses the drivers of sovereign risk for 31 advanced and emerging economies during the European sovereign debt crisis. It shows that a deterioration in countries' fundamentals and fundamentals contagion – a sharp rise in the sensitivity of financial markets to fundamentals – are...

The world is still following an unsustainable development pathway, facing great challenges in global CO2 emissions reduction in the coming decades. In this study, we used Kaya identity model to project CO2 emissions. We considered three main scenarios (business-as-usual, BAU;...