A Fresh Look at the Strategic Equity Allocation of European Institutional Investors, January 2010

Kang, Xiaowei; Melas, Dimitris

doi:10.2139/ssrn.1552066

Cited by 3 publications

(1 citation statement)

References 2 publications

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“…and Gerard (2006), Foad (2007), Sørensen et al (2007), Demyank et al (2008), Kose et al (2009), Balli et al (2010a), and Kang and Melas (2010) documented the rise in capital market integration that took place across developed nations in particular, with an increase in cross-border financial asset trading. These findings align with the strand of international finance literature that views capital market integration as the means to achieve international portfolio diversification.…”

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confidence: 99%

Decomposing the Income Insurance Channel across OECD and Emerging Markets

Balli

Louis

2011

Int. Rev. Finan.

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This paper investigates the underlying forces driving income insurance channels for the Organisation for Economic Co-operation and Development (OECD) and emerging markets. We find income insurance channels across countries to be driven by different subchannels. For the OECD, income insurance is mostly governed by payments for financial liabilities; for the emerging markets, income flows from nationals working abroad constitute the main income smoother. Despite the growth in cross-border financial asset trading over the years, we could not find evidence of income smoothing via foreign assets receipts for the OECD. For the majority of emerging markets, neither receipts of foreign assets nor foreign liability payments are strong enough to insure income as well.

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