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Duffie, Darrell - 2014

demand of new margin and clearing practices and regulations. We decompose collateral demand for both customers and dealers … impact on collateral demand of more widespread initial margin requirements, increased novation of CDS to central clearing … parties (CCPs), an increase in the number of clearing members, the proliferation of CCPs of both specialized and non …

Persistent link: https://www.econbiz.de/10013059582

Measuring financial market integration over the long run : is there a u-shape?

Volosovych, Vadym - 2011

Using long time series for sovereign bond markets of fifteen industrialized economies from 1875 to 2009, I find that financial market integration by the end of the 20th century was higher than in earlier periods and exhibited a J-shaped trend with a trough in the 1920s. The main reason for the...

Persistent link: https://www.econbiz.de/10011382994

Measuring Financial Market Integration Over the Long Run : Is There a U-Shape?

Volosovych, Vadym - 2011

Persistent link: https://www.econbiz.de/10013130691

Exchange Rate Flexibility, Financial Market Openness and Economic Growth

Lee, Il Houng - 2017

With global recovery not in sight, along with calls for stronger structural reform, international policy coordination is again under spotlight. Correcting global imbalance would contribute towards closing the demand gap. Emerging economies in particular should allow greater exchange rate...

Persistent link: https://www.econbiz.de/10012969380

Financial development and income inequality at different levels of institutional quality

Law, Siong Hook; Tan, Hui Boon; Wan Azman Saini Wan Ngah - In: Emerging markets finance & trade : a journal of the … 50 (2014), pp. 21-33

Persistent link: https://www.econbiz.de/10010403294

Repo Market Functioning : The Role of Capital Regulation

Horen, Neeltje van - 2018

This paper shows that the leverage ratio affects repo intermediation for banks and non-bank financial institutions. We exploit a novel regulatory change in the UK to identify an exogenous intensification of the leverage ratio and combine this with supervisory transaction-level data capturing the...

Persistent link: https://www.econbiz.de/10012913473

Do mutual funds outperform during recessions? : international (counter-) evidence

Fink, Christopher; Raatz, Katharina; Weigert, Florian - 2014 - This draft: September 28, 2014

Recent academic research predicts that (i) equity mutual funds have a systematically better performance during periods of economic downturn and (ii) investors are willing to pay high fees for funds that provide recession insurance. In this paper, we test these hypotheses using international fund...

Persistent link: https://www.econbiz.de/10010410729

The determinants of mutual fund performance : a cross-country study

Ferreira, Miguel A. (contributor); … - 2006

determinants of fund performance in the U.S. and elsewhere in the world. The U.S. evidence of diminishing returns to scale is not …

Persistent link: https://www.econbiz.de/10003394375

Who Is Afraid of BlackRock?

Massa, Massimo - 2020

We exploit the merger between BlackRock and Barclays Global Investors to study how changes in expected ownership concentration affect the investment behavior of funds and the cross-section of stocks worldwide. We find that funds with open-end structures and a large exposure to commonly-held...

Persistent link: https://www.econbiz.de/10012856106

The Adjustment of Credit Ratings of Defaulted Issuers

Güttler, André; Wahrenburg, Mark - 2005

We provide insights into determinants of the rating level of 371 issuers which defaulted in the years 1999 to 2003, and into the leader-follower relationship between Moody's and S&P. The evidence for the rating level suggests that Moody's assigns lower ratings than S&P for all observed periods...

Persistent link: https://www.econbiz.de/10010263316