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It is well known fact that all good things, as also bad things, come to an end and business cycles pass through good and bad economic times. Economically 2010 was a year of transition from economic recession to recovery. Economies were improving in some countries and industries were showing...
Persistent link: https://www.econbiz.de/10013110884
This paper examines the macro-spanning hypothesis for bond returns in international markets. Based on a large panel of real-time macro variables that are not subject to revisions, wefind that global macro factors have predictive power for bond returns unspanned by yield factors.Furthermore, we...
Persistent link: https://www.econbiz.de/10012856793
We analyze how global and local factors affect portfolio allocation by euro area investors in emerging markets at the bond-level. First, cross-sectional analysis reveals a strong preference for home (Euro) currency bonds. Second, panel regressions, whether at the bond or aggregate flows level,...
Persistent link: https://www.econbiz.de/10012839247
We have seen China's growing role in the past decades, and the world economy has become more exposed to the influence …
Persistent link: https://www.econbiz.de/10012824300
emerging markets have increased, the process of integration of these markets into world markets is incomplete. To some degree …, this accounts for the disparity between emerging equity market capitalization in investable world equity market benchmarks … versus emerging market economies in the world economy. Currently, emerging markets account for about 40% of world GDP …
Persistent link: https://www.econbiz.de/10012973844
emerging markets have increased, the process of integration of these markets into world markets is incomplete. To some degree …, this accounts for the disparity between emerging equity market capitalization in investable world equity market benchmarks … versus emerging market economies in the world economy. Currently, emerging markets account for more than 30% of world GDP …
Persistent link: https://www.econbiz.de/10013051425
Persistent link: https://www.econbiz.de/10001467757
Persistent link: https://www.econbiz.de/10014478638
Using self-organizing maps, we locate several frontier and emerging stock markets in a detailed map of 49 financial markets around the globe. This classification enables us to take into account the information contained in seven different market variables. The result is a map in which we can...
Persistent link: https://www.econbiz.de/10012945851
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