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unexploited gains from further international diversification. Mutual funds investing globally could achieve better risk …
Persistent link: https://www.econbiz.de/10012976213
transactions take place. The authors find that globalization via the diversification channel expanded throughout the world during … important, concurrent dimensions of financial globalization: diversification and offshoring. The diversification dimension … markets and countries. The paper also shows that the nature of financing through both diversification and offshoring has …
Persistent link: https://www.econbiz.de/10012975170
Using micro-level data on mutual funds from different financial centers investing in equity and bonds, this paper analyzes how investors and managers behave and transmit shocks across countries. The paper shows that the volatility of mutual fund investments is quantitatively driven by investors...
Persistent link: https://www.econbiz.de/10012975229
Low utilization of household credit in developing countries may be partially due to religious considerations. In a randomized marketing experiment in Jordan, this paper estimates the effect of sharia-compliant loan features on demand for credit. To comply with Islamic law, the sharia-compliant...
Persistent link: https://www.econbiz.de/10012838008
In recent years, the Islamic finance industry has attracted the attention of policy makers and international donors as a possible channel through which to expand financial inclusion, particularly among Muslim adults. Yet cross-country, demand-side data on actual usage and preference gaps in...
Persistent link: https://www.econbiz.de/10012973875
The core principles of Islam lay great emphasis on social justice, inclusion, and sharing of resources between the … to build a healthy and vibrant economy. Instruments offered by Islam have strong historical roots and have been applied … and the state of traditional redistributive instruments. The paper concludes that Islam offers a rich set of instruments …
Persistent link: https://www.econbiz.de/10012975546
This paper studies channels through which well-known benchmark indexes impact asset allocations and capital flows across countries. The study uses unique monthly micro-level data of benchmark compositions and mutual fund investments during 1996-2012. Benchmarks have important effects on equity...
Persistent link: https://www.econbiz.de/10012973239
This paper examines the extent of consumption risk sharing for a group of 50 high-income and developing countries. The analysis is based on the empirical implementation of a model of partial consumption insurance whose parameters have the natural interpretation of coefficients of partial risk...
Persistent link: https://www.econbiz.de/10012935258
integrating financially with the rest of the world since the 1990s, using bilateral data on portfolio investments, syndicated bank …, theregion is increasingly more connected with itself and with the rest of the world, even relative to GDP. Second, although …
Persistent link: https://www.econbiz.de/10012935816
hurdles to long-term investment by pension funds, while also proposing international diversification and the creation of … domestic investment opportunities to help portfolio diversification and ultimately improve the delivery of secure, adequate …
Persistent link: https://www.econbiz.de/10012901506