Similar Search Results

Contagion Effects of the U.S. Subprime Crisis on International Stock Markets

Hwang, Inchang - 2010

This paper examines the contagion effects of the U.S. subprime crisis on international stock markets using a DCC-GARCH model on 38 country data. We find evidence of financial contagion not only in emerging markets but also in developed markets during the U.S. subprime crisis. We also find...

Persistent link: https://www.econbiz.de/10013149007

The Home Bias in Sovereign Ratings

Fuchs, Andreas - 2013

countries, we investigate empirically if there is systematic evidence for a home bias in sovereign ratings. Specifically, we use … explained by the fundamentals of rated countries, our results provide empirical support for the existence of a home bias in … sovereign ratings. We find that the bias becomes more accentuated following the onset of the Global Financial Crisis and appears …

Persistent link: https://www.econbiz.de/10013071483

The Home Bias in Sovereign Ratings

Fuchs, Andreas - 2015

Credit rating agencies are frequently criticized for producing biased sovereign ratings. This article discusses how the home country of rating agencies could affect rating decisions as a result of political economy influences and cultural distance. Using data from nine agencies based in six...

Persistent link: https://www.econbiz.de/10013020102

The Home Bias in Sovereign Ratings

Fuchs, Andreas; Gehring, Kai - 2013

Persistent link: https://www.econbiz.de/10014155257

The exchange rate effect of multi-currency risk arbitrage

Hau, Harald - 2012

This paper (i) proposes a simple multi-currency model of speculative foreign exchange (FX) trading, (ii) uses a natural experiment to identify the implied components of the optimal trading strategy, and (iii) proposes a new spectral inference method to strengthen the statistical evidence on the...

Persistent link: https://www.econbiz.de/10009558406

The Exchange Rate Effect of Multi-Currency Risk Arbitrage

Hau, Harald - 2009

movements. The redefinition of the MSCI world equity index in December 2000 provides an ideal natural experiment identifying …

Persistent link: https://www.econbiz.de/10013155168

International Diversification at Home and Abroad

Cai, Fang - 2016

We analyze foreigners' and domestic institutional investors' positions in U.S. equities. Controlling for many factors, we uncover a common preference for large firms and firms that are diversified internationally. The domestic preference for internationally diversified firms implies that...

Persistent link: https://www.econbiz.de/10012991328

What drives international stock return comovements?

Zhang, Bohui - 2020

This paper presents new evidence on international financial market integration using stock analyst earnings forecasts from 37 countries. By examining cash flow and discount rate news co-movements, we find that the financial and economic aspects of global market integration have diverged over...

Persistent link: https://www.econbiz.de/10012320303

A simple agent-based financial market model : direct interactions and comparisons of trading profits

Westerhoff, Frank H. (contributor) - 2009

We develop an agent-based financial market model in which agents follow technical and fundamental trading rules to determine their speculative investment positions. A central feature of our model is that we consider direct interactions between speculators due to which they may decide to change...

Persistent link: https://www.econbiz.de/10003811632

Responding to the global financial and economic crisis : meeting the challenges in Asia

Arner, Douglas W.; Schou-Zibell, Lotte - 2010

Based on a review of international and regional responses to the global financial and economic crisis and its implications for finance in Asia, Douglas Arner and Lotte Schou-Zibell draw lessons for Asian financial systems with regard to the scope of regulation; financial standards; supervision,...

Persistent link: https://www.econbiz.de/10011283429

1
2
3
4
5
6
7
8
9
10
Next
Last