This study investigates the cointegrating and causality relationships between foreign direct investment (FDI), foreign portfolio investment (FPI) and institutional quality in a sample of 12 emerging market economies for the period from 2007 to 2017. A composite index for institutional quality...

Seit einiger Zeit werden vor allem die Schwellenländer in einem hellen Licht gesehen. Der markante Anstieg der Rohwarenpreise verhilft aber auch manchen Entwicklungsländer zu höheren Einnahmen. Ein Blick in die Zukunftsbilanzen zeigt, dass per saldo wesentlich mehr Kapital in die Schwellen-...

This paper examines the influence of sovereign credit ratings and relative risk ratings on private capital flows to 26 emerging and frontier market economies, using quarterly data for 1998-2017. A dynamic panel regression model is used to estimate the relationship between ratings and capital...

We analyze the effect of bilateral investment treaties (BITs) on bilateral foreign portfolio investment in equity and debt securities. We find that expropriation risk and the level of a BIT’s investor protection are complementary. Applying a Poisson Pseudo-Maximum-Likelihood model to a panel...