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equity, and cross-listing in major world stock markets. Using a large sample of 39,517 firms from 111 countries covering the …
Persistent link: https://www.econbiz.de/10012552596
investigate the impact of the volatility of investment returns on replacement rates in the context of personal pension plans. They … annuities. The first three strategies lower the volatility of replacement rates, but at significant cost in terms of lower … lowering their level - because of the persistence of the equity premium and the fact that the volatility of equity returns is …
Persistent link: https://www.econbiz.de/10012572390
Power market integration is analyzed in a two-country model with nationally regulated firms and costly public funds. If the generation costs between the two countries are too similar, negative business stealing outweighs efficiency gains so that the subsequent integration welfare decreases in...
Persistent link: https://www.econbiz.de/10012560098
In the globalizing economy, national policymakers are often forced to accept the challenge of financial integration. Faced with the potentially destabilizing effects of international financial markets, they have to strengthen financial regulation, importing international best practices and...
Persistent link: https://www.econbiz.de/10012573173
parts of the world-a decline in fatalities in high-income countries of approximately 28 percent versus an increase in …
Persistent link: https://www.econbiz.de/10012573296
, Organisation for Economic Co-operation and Development, World Trade Organization, Government of Vietnam, and Vietnamese industry … markets, Vietnam is coming to play an important role in this global industry. The recent influx of foreign investors, driven … building. This paper situates Vietnam in the global information and communications technology industry, and identifies several …
Persistent link: https://www.econbiz.de/10012570669
What is the impact of firms that cross-list, issue depositary receipts, or raise capital in international stock markets on the liquidity of remaining firms in domestic markets? Using a panel of over 3,200 firms from 55 countries during 1989-2000, Levine and Schmukler find that...
Persistent link: https://www.econbiz.de/10012573307
The authors investigate the impact of stock markets and banks on economic growth using a panel data set for 1976-98 and applying recent generalized method of moments (GMM) techniques developed for dynamic panels. The authors illustrate econometrically the differences that emerge from different...
Persistent link: https://www.econbiz.de/10012573043
Financial market instability has been the focus of attention of both academic and policy circles. Rating agencies have been under particular scrutiny lately as promoters of financial excesses, upgrading countries in good times and downgrading them in bad times. Using a panel of emerging...
Persistent link: https://www.econbiz.de/10012573051
This paper examines the implications of bank activity and short-term funding strategies for bank risk and returns using an international sample of 1,334 banks in 101 countries leading up to the 2007 financial crisis. Expansion into non-interest income generating activities such as trading...
Persistent link: https://www.econbiz.de/10012551765