presents a simple model of a two-country, two-traded-good, complete-financial-markets world in which country …

presents a simple model of a two-country, two-traded good, complete-financial-markets world in which country …

6-factors APT model, in which an additional risk factor for foreign portfolio capital flows was included. First, in an … activity, level of risk and level of corporate governance, foreign portfolio capitals caused increases in returns especially … for sectors related to commodities, industry and cyclical consumption. For the portfolios sorted by risk (in which the …

crises. This study measured the effect of foreign capital flows on volatility and exposure to world market risk in the six … 2008's World financial crisis. This will test whether these flows cause instability for those markets and increase their …, both univariate (ARCH-GARCH) and multivariate (VAR), are used to estimate the effect foreign portfolio flows on the risk …

crisis, confirming the existence of contagion and the intensification of systemic risk. The introduction of capital flow …

real effects resulting from a more efficient resource allocation predicted by theory. We find that: (a) financial … systemic real risk realizations; (c) financial integration fosters domestic financial development and the liquidity of equity … in the form of improved countries' growth prospects and lower systemic real risk …