Showing 1 - 10 of 11,172
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 particular host, I document a number of stylized facts...
Persistent link: https://www.econbiz.de/10012843913
I provide an analysis of the home bias in international equity investments using data for the year-end 2006. Distinguishing two components of the local equity preference – the “domestic country bias” indicating whether local investors overinvest the domestic market, and the “foreign...
Persistent link: https://www.econbiz.de/10012857537
We evaluate the impact of the global financial crisis (GFC) and recent structural changes in the patterns of hoarding international reserves (IR). We confirm that the determinants of IR hoarding evolve with developments in the global economy. During the pre-GFC period of 1999-2006, gross saving...
Persistent link: https://www.econbiz.de/10010490278
In the first era of financial globalization (1880-1914), global capital market integration led to substantial net capital movements from rich to poor economies. The historical experience stands in contrast to the contemporary globalization where gross capital mobility is equally high, but did...
Persistent link: https://www.econbiz.de/10003655033
Purpose - The issue of which financial initial conditions are necessary to materialize the benefits of financial globalization remains open to debate in the literature. In this paper, we try to put some empirical structure on the concept of financial threshold conditions in order to give...
Persistent link: https://www.econbiz.de/10011410250
Financial integration among economies has the benefit of improving allocation efficiency and diversifying risk. However the recent global financial crisis, considered as the worst since the Great Depression has re-ignited the fierce debate about the merits of financial globalization and its...
Persistent link: https://www.econbiz.de/10011410546
and Structure Database of the World Bank are employed, namely: financial depth (money supply and liquid liabilities … Financial Development and Structure Database of the World Bank. …
Persistent link: https://www.econbiz.de/10011410631
This article provides background on the establishment of the World Bank Inspection Panel and discusses its significance …
Persistent link: https://www.econbiz.de/10013135916
This paper explores the type of human rights obligations of the World Bank and the IMF. It argues that their human … World Bank and the IMF. The paper concludes that these organizations need to develop a coherent and explicit human rights …
Persistent link: https://www.econbiz.de/10013135941
This paper argues that GSP labour rights conditionality is in conformity with WTO law. This hinges on the critical question of whether the realisation of labour standards can meet a ‘development need,' a term considered by the WTO Appellate Body report in the EC – Tariffs Preferences case,...
Persistent link: https://www.econbiz.de/10013104596