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The global market of inter-banking syndicated loans is a vast network of obligations upon which lenders rely for longer-term financing, and, in turn, provide to the real economy to finance projects. This network is explicitly modeled from 1998 to 2013 such that firms are nodes and loan...
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The Foreign and Colonial Investment Trust is the oldest surviving closed end fund, having been established in 1868. Its … diversified vehicle for the investing public. This paper is a micro-study of this leading investment trust during the First Era of …
Persistent link: https://www.econbiz.de/10013091332
particular, we investigate how SWFs internationalize their activities, studying whether the use of investment vehicles as signal … of passive investment approach to access foreign markets is influenced by SWF- and deal-specific characteristics and the … use of vehicles, while bilateral trade agreements negatively affect such investment strategy. When we disentangle the …
Persistent link: https://www.econbiz.de/10013004732
We quantify the impact of barriers to international investment, using a novel multi-country dynamic general equilibrium … asset positions. We estimate this gravity equation using recently developed foreign investment data that have been restated … to account for offshore investment and financing vehicles. We show that a parsimonious implementation of the model with …
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Financial regulations often encourage or require market participants to hold particular types of financial assets. One unintended consequence of this form of regulation is that it can spur innovation to increase the effective supply of favored assets. This Article examines when and how changes...
Persistent link: https://www.econbiz.de/10012932142
We examine how global institutional funds respond to news-based economic policy uncertainty (EPU) in the investment …
Persistent link: https://www.econbiz.de/10013492500
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