We compare the market reactions of developed and emerging market firms to reconstitutions of the FTSE Environmental Opportunities (FTSE EO) index. Our primary finding is that developed market firms that were added to or deleted from the FTSE EO experience significant increases in stock prices...

Local stock markets adjust sluggishly to changes in local inflation. When the local rate of inflation increases, local investors subsequently earn significantly lower real returns on local stocks, but not on local bonds or foreign stocks. Our results suggest that local stock market investors use...

Almost $10 trillion is benchmarked to Morgan Stanley Capital International's Developed, Emerging, Frontier, and standalone market indexes. Reclassifications from one index to another require thousands of investors to decide how to react. We study a comprehensive sample of past reclassifications...

All participants in capital markets are asking how to finance investments or to invest money available. The answer to these questions depends on the situation you have: deficit or surplus capital. This article addresses issues concerning the place and role of capital market within the financial...

1. Introduction -- 2. Summary Statistics -- 3. Paris Club Terms -- 4. Angola -- 5. Argentina -- 6. Azerbaijan -- 7. Barbados -- 8. Belarus -- 9. Belize -- 10. Bosnia and Herzegovina -- 11. Cameroon -- 12. Republic of Congo -- 13. Cote d'Ivoire -- 14. Cuba -- 15. Dominican Republic -- 16. Ecuador...

This report was co-drafted by the OECD Development Co-operation Directorate and the Directorate for Financial and Enterprise Affairs. After a brief description of the volumes and allocation of assets of institutional investors globally as well as the trends (Chapter 1. ), the report analyses the...

This paper analyzes influences on the credit standing of Multilateral Development Banks (MDBs), specifically the quality, diversification and single name concentration of their portfolios, and on the market practice known as Preferred Creditor Status (PCS), whereby sovereigns that default on...