I: Recent Developments in International Financial Centers -- 1. Introduction to International Financial Centers: Their Origin and Recent Developments. -- 2. The Feasibility of Establishing an International Financial Center: The Case of Anchorage. -- 3. The Prerequisites for an International...

This paper aims to test whether investors in Saudi Arabia build their portfolios in a layer-by-layer form, considering them as a pyramid of assets as described by Shefrin and Statman (2000), and to investigate whether investors diversify their investments based on their aspirations. We use...

This policy paper attempts to evaluate the viability of switching from the US dollar to the euro in international oil pricing. If materialised, the switch would not impact only OPEC nations but would also have ramifications for other oil exporting as well as importing nations. It would also have...

Recognising the superior benefits of risk reduction associated with using portfolio of currencies relative to a single currency (US dollar), this paper shows that, ceteris paribus, a minimum-variance portfolio of currencies in the developed world has weights that strikingly mimic those...

It is generally recognized that international portfolio diversification may generate substantial reduction in systematic risk. Previous studies assume stability of the systematic risk measure, beta, and hence assume the permanence of risk reduction generated from international diversification....

This policy paper attempts to evaluate the viability of switching from the US dollar to the euro in international oil pricing. If materialised, the switch would not impact only OPEC nations but would also have ramifications for other oil exporting as well as importing nations. It would also have...