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Foreign Direct Investment and International Stock Market Integration
Shi, Jing - 2011
This paper examines whether foreign direct investment between countries fosters stock market integration. Empirical tests demonstrate that both the flow and the level of bilateral foreign direct investment between countries explain country-pair stock market integration. More specifically, higher...
Persistent link: https://www.econbiz.de/10013127791
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Exportweltmeister : Germany's foreign investment returns in international comparison
Hünnekes, Franziska; Konradt, Maximilian; Schularick, … - 2023 - Revised version: April 2023
In the past decade, Germany has been the world champion in exporting capital (“Exportweltmeister”). No other country …
Persistent link: https://www.econbiz.de/10014276058
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Barriers to global capital allocation
Pellegrino, Bruno; Spolaore, Enrico; Wacziarg, Romain - 2021
benchmark calibration, we estimate that the capital misallocation induced by these barriers reduces World GDP by 7%, compared to …-country inequality: the standard deviation of log capital per employee is 80% higher than it would be in a world without barriers to …
Persistent link: https://www.econbiz.de/10012514947
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The impact of dollarisation on economic growth, investment, and trade
Bajrami, Fisnik - 2023
Dollarisation has been extensively debated and is often promoted as a viable monetary and exchange rate policy alternative for emerging economies. While most arguments for and against dollarisation are grounded in theory, there is a recognized scarcity of empirical evidence on the topic. This...
Persistent link: https://www.econbiz.de/10014422437
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Exportweltmeister : the low returns on Germany's capital exports
Hünnekes, Franziska; Schularick, Moritz; Trebesch, … - 2019 - This version: July 3, 2019
Germany is world champion in exporting capital ("Exportweltmeister"). No other country invests larger amounts of …
Persistent link: https://www.econbiz.de/10012025673
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Pessimistic Foreign Investors and Turmoil in Emerging Markets : The Case of Brazil in 2002
Andrade, Sandro C. - 2014
Using surveys of foreign exchange expectations, we document the emergence of a large gap between the beliefs of foreign banks and local-based institutions ahead of Brazil's 2002 presidential elections. That period was marked by a sudden stop in foreign capital flows and steep depreciation of...
Persistent link: https://www.econbiz.de/10013066911
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Local Currency Bond Returns in Emerging Market Economies and the Role of Foreign Investors
So, Inhwan - 2019
flows of actively managed bond funds. When the framework is applied to the data, using local currency sovereign bonds of 16 … EMEs, preliminary calculations show that local currency sovereign bonds that positively covary with the returns of active … price of risk. This double effect helps explain why spikes in returns of some EME local currency bonds can be especially …
Persistent link: https://www.econbiz.de/10012870061
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Exportweltmeister : Germany's foreign investment returns in international comparison
Hünnekes, Franziska; Konradt, Maximilian; Schularick, … - 2023 - This version: February 13, 2023
In the past decade, Germany has been the world champion in exporting capital ("Exportweltmeister"). No other country …
Persistent link: https://www.econbiz.de/10014232720
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Redrawing the Map of Global Capital Flows : The Role of Cross-Border Financing and Tax Havens
Coppola, Antonio; Maggiori, Matteo; Neiman, Brent; … - 2020
connecting countries around the world. Portfolio investment from developed countries to firms in large emerging markets is … in Chinese firms by nearly 600 billion dollars, while China’s official net creditor position to the rest of the world is … currency composition of external portfolio liabilities and the nature of foreign direct investment. Finally, we provide …
Persistent link: https://www.econbiz.de/10014351933
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The channels of international comovement
Barbiero, Omar - 2023 - This version: October 2023
How does exposure to international markets affect returns and cash flow comovements? Foreign bond owners, lenders, affiliates, investors, customers, and suppliers all transmit country shocks to companies. Most multinationals have many of these exposures simultaneously within the same foreign...
Persistent link: https://www.econbiz.de/10014444427