2 edition of Daily cross-border equity flows found in the catalog.
Daily cross-border equity flows
Griffin, John M.
|Statement||John M. Griffin, Federico Nadari, René M. Stulz.|
|Series||NBER working paper series -- no. 9000, Working paper series (National Bureau of Economic Research) -- Working paper no. 9000.|
|Contributions||Nardari, Federico., Stulz, René M., National Bureau of Economic Research.|
|The Physical Object|
|Pagination||57 p. :|
|Number of Pages||57|
The following report, Measuring the Value of Cross-Border Data Flows, provides a helpful summary of current methods being utilized to define and measure these flows as well as the challenges associated with such measurement. The report provides an important assessment of the research on data flows. Dec 15, · Understanding the Structure of Cross-border Capital Flows: The Case of China Section II presents a detailed picture of the evolution of China’s capital flows. China has both large inflows.
Appendix 1: Cross Border Capital Flows and Foreign Exchange Market Activity A key feature of the international financial system over at least the last decade has been the unprecedented expansion of cross-border financial transactions with wide-ranging implications. May 04, · Portes and Rey () and Lane and Milesi-Ferretti () show this for cross-border equity flows. Aviat and Coeurdacier () extend the analysis to bank loans, equity flows and bond holdings. 1. This paper posits that the cross-border movement of people reduces informational frictions across countries and stimulates bilateral financial pacificwomensnetwork.com by:
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Get this from a library. Daily Cross-Border Equity Flows: Pushed or Pulled?. [John M Griffin; Federico Nardari; René M Stulz] -- In a model that is consistent with the existence of a home bias and with foreign investors that are less informed than domestic investors, we show that unexpectedly high worldwide returns lead to net.
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Daily Cross-Border Equity Flows: Pushed or Pulled. We investigate these predictions using daily data on net equity flows for nine emerging market countries and find that equity flows are.
Daily Cross-Border Equity Flows: Pushed or Pulled. John M. Griffin, Federico Nardari, Rene M. Stulz. NBER Working Paper No. Issued in June NBER Program(s):Asset Pricing Program In a model that is consistent with the existence of a home bias and with foreign investors that are less informed than domestic investors, we show that unexpectedly high worldwide returns lead to net equity.
Jun 13, · Daily Cross-Border Equity Flows: Pushed or Pulled. NBER Working Paper No. w We investigate these predictions using daily data on net equity flows for nine emerging market countries and find that equity flows are positively related to host country stock returns as well as market performance abroad.
The Determinants of Cross-Border Cited by: In addition, a small country experiences net equity inflows when its stocks earn unexpectedly high returns. We investigate these predictions using daily data on net equity flows for nine emerging market countries and find that equity flows are positively related to host country stock returns as well as market performance abroad.
Are daily cross-border equity flows pushed or pulled. January 15, John M. Griffin, Federico Nardari, and René M.
Stulz* * Griffin and Nardari are Assistant Professors at the Department of Finance, Arizona State University. Stulz is the Everett D.
Reese Chair of Banking and Monetary Economics, Ohio State University, and a Research Associate atCited by: What Drives Cross-Border Equity Flows. "Currency depreciation does lead to more foreign inflows into local equity markets." Economic theory dictates that capital will flow to wherever its marginal product is highest, and that the free movement of capital across international borders will enhance welfare and efficiency in the global economy.
Are Daily Cross-Border Equity Flows Pushed or Pulled. This paper shows that the positive relation between U.S. cross-border flows and past foreign performance is observed in many stock markets.
Downloadable (with restrictions). We investigate the conditions under which an intertemporal equilibrium model based on investors' portfolio decisions can explain the dynamics of high-frequency equity flows.
Our model shows that, when there are barriers to international investment and when the expectations of foreign investors are more extrapolative than those of domestic investors (either due.
geographical pattern in the distribution of international portfolio equity transactions. We now have a set of data on cross-border equity transaction flows.
These are exceptional insofar as they give a panel of observations of cross-border purchases and sales of equities. They include all major equity markets (Europe, United States, Asia). migration, is associated with larger cross-border equity investment from the destination country of the migrant into assets based at the origin country of the migrant.
We interpret these results as providing further evidence of the role of information asymmetries in explaining cross-border equity portfolio flows. Total downloads of all papers by John M. Griffin.
Skip to main content. Feedback to SSRN. Feedback (required) Are Daily Cross-Border Equity Flows Pushed or Pulled. Review of Economics and Statistics, Forthcoming Book-to-Market Equity, Distress Risk, and Stock Returns.
Journal of. Cross-border portfolios: assets, liabilities, and non-flow adjustments In this section, we first present the evolution of the shares of “risky” (specifically, portfolio equity plus FDI) and “safe” (specifically, debt securities and deposits or loans) in aggregate EME and advanced economy (AE) Author: Stephanie E.
Curcuru, Charles P. Thomas, Francis E. Warnock, Francis E. Warnock. Cross-Border Listings, Capital Controls, and Equity Flows to Emerging Markets Prepared by Hali Edison and Francis E.
Warnock1 Authorized for distribution by Jonathan D. Ostry December Abstract This Working Paper should not be reported as representing views of the IMF.
Migration and cross-border financial flows (English) Abstract. Migration facilitates the flow of information between countries, thereby reducing informational frictions that potentially hamper cross-country financial flows.
Using a gravity model, migration is found to be highly correlated with financial flows from Cited by: Sep 26, · While bank flows cannot be studied in isolation, our analysis and policy recommendations focus on banks, as they intermediate a substantial fraction of cross-border capital flows, are highly.
Gross equity flows are the sum of all purchases and all sales of foreign equity. Net equity investment is the difference between the purchases and the sales of foreign equity. The data used in this paper are gross cross-border portfolio equity flows (cross-exchange transactions are small in the data).Cited by: Cross border financing could include cross border loans, letters of credit, repatriable income, or bankers acceptances (BA), for example, issued in the United States for the benefit of a person in.
cross-border capital real estate flows, we adopt a simplified version of the model of equity flows by Griffin et al ().
Following Stulz (), we view barriers to cross-border investments as akin to a tax on the returns on these investments. As a starting point, let's. The Determinants of Cross-Border Equity Transaction Flows Richard Portes* and Hélène Rey** July Abstract: We explore a new panel data set on bilateral Cited by: Foreign equity trading and emerging market volatility: Evidence from Indonesia and Thailand.
Author links open overlay Trading on the JSX is carried out by matching limit orders on the electronic order book with incoming limit or market orders.
R.M. StulzAre daily cross-border equity flows pushed or pulled? Review of Economics and Cited by: What drives capital flows? The case of cross-border M&A activity and financial deepening Julian di Giovanni* Department of Economics, University of California Berkeley, Evans Hall #, addresses the influence of growing equity markets on cross-border investment flows.