Rating changes and portfolio flows to emerging markets: Evidence from active and passive funds

Bannier, Christina E.; Heyden, Thomas; Tillmann, Peter

doi:10.1016/j.econlet.2019.02.009

Cited by 3 publications

(1 citation statement)

References 18 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Furthermore, there is a value of 0 between the Lower Bound and Upper Bound on the Confidence Interval, indicating that there is no mediation in the model. The findings confirm that the fed fund rate is a dominant factor in the flow of portfolios to various emerging countries (Fernandez-Arias, 1996;Taylor and Sarno, 1997;Chuhan, Claessens and Mamingi, 1998;Baek, 2006;Tille and van Wincoop, 2010;Dahlhaus and Vasishtha, 2014;Feroli et al, 2014;Bannier, Heyden and Tillmann, 2019;Marino, Nugraha and Waspada, 2024). Information about the state of the economy is expertly provided by the Fed.…”

Section: Resultssupporting

confidence: 58%

Fed Fund Rate: A Dominant Factor of Fortfolio Flows in Southeast Asia

Marino,

Badriatin,

Bintang F.D.S.

2024

Almana

View full text Add to dashboard Cite

The impact of globalization on cross-country portfolio investment is the high flow of stocks and bonds with the primary goal of taking high yields from rising prices without aiming to own a company. Emerging markets have generally been net recipients of foreign capital in recent decades, including the countries in Southeast Asia consisting of Indonesia, the Philippines, Malaysia, Singapore, and Thailand. The Fed Fund Rate is believed to be the most influential factor in portfolio flows to various emerging market countries. This study will model portfolio equity flows to Southeast Asia over the last 20 years. Model testing uses the moderation analysis process model 4 by Andrew F. Hayes. The findings of this study indicate that the Fed Funds Rate has a greater effect on Southeast Asia's Equity Flows Portfolio than Internal Gross Domestic Product, which indicates the economic strength of a country in Southeast Asia.

show abstract

Section: Resultssupporting

confidence: 58%

Fed Fund Rate: A Dominant Factor of Fortfolio Flows in Southeast Asia

Marino,

Badriatin,

Bintang F.D.S.

2024

Almana

View full text Add to dashboard Cite

show abstract

Analysis of social development in the Arctic countries

Kikkas

2020

IOP Conf. Ser.: Mater. Sci. Eng.

View full text Add to dashboard Cite

The paper describes features of the development of the social sphere of the Arctic countries. Almost four million people live in the Arctic. The Arctic includes part of the territories of eight countries: Canada, Denmark, Finland, Iceland, Norway, Russia, Sweden and the United States of America. The Arctic is also home to dozens of indigenous groups. To develop strategies for the development of the Arctic territories, it is important to compare the features of the development of the social sphere of the Arctic countries. The paper provides a list of indicators evaluating the development of the social sphere. The methodology of a comparative analysis of the convergence or divergence of indicators of the social sphere of eight Arctic countries is described. An analysis of the existence of convergence / divergence of indicators of the social sphere is carried out. The analysis was carried out using three methods: σ – convergence; absolute β – convergence; conditional β – convergence. The results of the analysis are discussed.

show abstract

Exploring Hedging Strategies Identified by Fractal Dimensions

Diaconu

Popescu

Maxim

2020

SAEB

View full text Add to dashboard Cite

A hedging strategy is designed to increase the likelihood of desired financial out-comes. Market speculators hedge investment positions if they are worth protecting against potential negative outcomes on the underlying investment. Such negative outcomes cannot be avoided altogether, but effective hedging can reduce impact severity. The investment strategy includes an index held by investors (long position) and uses a fractal dimension indicator to warn when liquidity or sentiment changes are imminent. When the named indicator breaches a certain threshold, a hedging position is taken. This sequence of events triggers the implementation of a hedging strategy by entering a buy put-option position. The daily cumulative returns on using the fractal dimension indicators were 83% more profitable on average when applied to each chosen index respectively.

show abstract

Rating changes and portfolio flows to emerging markets: Evidence from active and passive funds

Cited by 3 publications

References 18 publications

Fed Fund Rate: A Dominant Factor of Fortfolio Flows in Southeast Asia

Fed Fund Rate: A Dominant Factor of Fortfolio Flows in Southeast Asia

Analysis of social development in the Arctic countries

Exploring Hedging Strategies Identified by Fractal Dimensions

Contact Info

Product

Resources

About