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Equity Home Bias, Financial Integration, and Regulatory Reforms : Implications for Emerging Asia

Park, Cyn-Young - 2018

integration and regulatory quality; and equity home bias in emerging Asia. To test the significance, a pooled OLS estimation was … emerging Asia, equity home bias will continue to decline, allowing for greater portfolio diversification and more efficient …

Persistent link: https://www.econbiz.de/10012937364

International financial market integration, asset compositions and the falling exchange rate pass-through : conference paper

Enders, Zeno; Enders, Almira; Hoffmann, Mathias - 2014 - Preliminary

This paper provides an explanation for the observed decline of exchange rate pass-through into import prices by modeling the effects of financial market integration on the optimal choice of the pricing currency in the context of rigid nominal goods prices. Contrary to previous literature, the...

Persistent link: https://www.econbiz.de/10010486033

Foreign and domestic investment in global bond markets

Park, Donghyun; Taniguchi, Kiyoshi; Tian, Shu - 2018

Gauging foreign (domestic) biases as the deviation of foreign (domestic) investors' actual portfolio allocation of a bond market from the same bond market's weight in global bond market, we investigate the determinants of foreign and domestic investment biases in 41 global bond markets. We find...

Persistent link: https://www.econbiz.de/10011791937

Reform of the European Union financial supervisory and regulatory architecture and its implications for Asia

Darvas, Zsolt M.; Schoenmaker, Dirk; Véron, Nicolas - 2016

various other European integration efforts following the second world war. Financial regulatory and supervisory integration … 2007, and especially in the euro area after 2010. That crisis triggered major changes to European financial regulation and … no comparable political and legal integration. Nevertheless, Asia can draw useful lessons from European experiences in …

Persistent link: https://www.econbiz.de/10011613840

International financial market integration, asset compositions, and the falling exchange rate pass-through

Enders, Almira; Enders, Zeno; Hoffmann, Mathias - 2015

This paper provides an explanation for the observed decline of the exchange rate pass-through into import prices by modeling the effects of financial market integration on the optimal choice of the pricing currency in the context of rigid nominal goods prices. Contrary to previous literature, we...

Persistent link: https://www.econbiz.de/10011294137

International financial market integration, asset compositions, and the falling exchange rate pass-through

Enders, Almira; Enders, Zeno; Hoffmann, Mathias - 2017

Persistent link: https://www.econbiz.de/10011654742

Chapter 16 Are financial assets priced locally or globally?

Karolyi, G. Andrew; Stulz, René M. - 2003

premium depends on its covariance with the world market portfolio and, possibly, with exchange rate changes. The existing … empirical evidence shows that a country's risk premium depends on its covariance with the world market portfolio and that there …

Persistent link: https://www.econbiz.de/10014023855

Regional and Inter-Regional Financial Integration : ASEM Equity Markets

Jaccob, Dina - 2014

The first Asia-Europe Meeting (ASEM) Summit in 1996 has provided the principal multilateral platform for interregional … in EU and Asia, and to investigate whether such integration has changed after the Asian financial crisis in 1997-99 and … of financial integration, and presents an empirical study on regional integration by testing ASEM EU and ASEM Asia …

Persistent link: https://www.econbiz.de/10013049408

Financial integration in emerging Asia : challenges and prospects

Park, Cyn-Young; Lee, Jong-Wha - 2011

significantly since the 1997/98 Asian financial crisis. However, emerging Asia's local currency bond markets remain generally …

Persistent link: https://www.econbiz.de/10011283415

Emerging Asia equity home bias and financial integration

Mercado, Rogelio V. - In: International economic journal 27 (2013) 4, pp. 497-524

Persistent link: https://www.econbiz.de/10010341023