Experience teaches that the Framework Convention on Global Health (FCGH) will need a financing facility if it is to garner widespread acceptance among low-income countries. The promise of financing is a well-established carrot to encourage countries to assume new convention-imposed obligations...

In this work, we study the strategies driving cross-border sovereign wealth fund (SWF) investments worldwide. In particular, we investigate how SWFs internationalize their activities, studying whether the use of investment vehicles as signal of passive investment approach to access foreign...

The paper concentrates on value and size effects in country portfolios. It contributes to academic literature threefold. First, I provide fresh evidence that the value and size effects may be useful in explaining the cross-sectional variation in country returns. The computations are based on a...

Bond issuance increased moderately in the developed markets in 2016, partly due to the ongoing fiscal consolidation in the main economies. Placements by companies with better credit quality and by the banking sector were notably buoyant.Across countries, however, there were significant...

The total volume of bond issuance in 2017 remained similar to that in previous years, edging down slightly as a result of the drop in public-sector issuance. As usual, there were significant differences between the regions and quarters analysed. By quarters, the year got off to a good start,...

A recent Washington Post editorial, “The perilous state of pensions,” opined “…public sector pension funds typically incorporate optimistic assumptions about the returns they will earn on their investments…(reducing the assumptions)…would have exposed the emptiness of their past...

The barriers and determinants of foreign fund raisingin Western Europe are examined using twointerlinkedapproaches.First, interviews of investment managers of severalinstitutional investors identified and analyzed problems and investmentbarriers faced by investors when making international...

Around the globe, the mutual fund industry has seen strong growth in assets in the past two decades. Global assets in mutual funds increased from $4.0 trillion in 1993 to $28.9 trillion in September 2013, reflecting increases in each of four broad regions: the United States, Europe,...