The presence of asymmetry in the distribution of financial returns is an important factor that should be considered in optimal portfolio allocation and is also closely related to the recognition and measurement of financial risk. This study adopts a method based on bootstrapping proposed by Lisi...

We revisit medium- to long-run exchange rate determination, focusing on the role of international investment positions. To do so, we make use of a new econometric framework accounting for conditional long-run homogeneity in heterogeneous dynamic panel data models. In particular, in our model the...