What Drives Portfolio Investments Of German Banks In Emerging Capital Markets
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What Drives Portfolio Investments Of German Banks In Emerging Capital Markets
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Author : Christian Wildmann
language : en
Publisher:
Release Date : 2016
What Drives Portfolio Investments Of German Banks In Emerging Capital Markets written by Christian Wildmann and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
After decades of steady liberalisation and financial market development, emerging capital markets experienced unparalleled capital inflows in the aftermath of the emerging markets crisis in the 1990s. This paper studies portfolio investment decisions of German banks in 30 emerging capital markets using monthly data from 2002 to 2007. The use of a dynamic Time-Series Cross-Section framework and the micro database External Position Report provided by Deutsche Bundesbank, which covers German banks assets and liability positions vis-à-vis foreign countries, allows insights into the various determinants: indicators of financial market development, the portfolio-calculus of investors, investor-specific characteristics, as well as the macroeconomic environment. There is evidence for German banks taking into account the various dimensions of financial market development in their portfolio investment decisions and anticipating the special risks inherent in emerging markets. The implication for policymakers would be to foster financial market development in order to attract and sustain international portfolio investors. However, there is additional evidence for the investor's domestic market environment and global risk aversion exerting a significant influence in times of financial turmoil.
Are Institutional Investors An Important Source Of Portfolio Investment In Emerging Markets
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Author : Punam Chuhan
language : en
Publisher: World Bank Publications
Release Date : 1994
Are Institutional Investors An Important Source Of Portfolio Investment In Emerging Markets written by Punam Chuhan and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Capital investments categories.
Major institutional investors in five industrial countries invest cautiously, and very little, in emerging market securities. But only in Germany are regulations on foreign investment a significant constraint.
Portfolio Investment Flows To Emerging Markets
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Author : Sudarshan Gooptu
language : en
Publisher: World Bank Publications
Release Date : 1993
Portfolio Investment Flows To Emerging Markets written by Sudarshan Gooptu and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.
Emerging Securities Markets
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Author : Antoine W. van Agtmael
language : en
Publisher:
Release Date : 1984
Emerging Securities Markets written by Antoine W. van Agtmael and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Capital market categories.
Market Players
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Author : Gail Rolland
language : en
Publisher: John Wiley & Sons
Release Date : 2011-10-04
Market Players written by Gail Rolland and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-10-04 with Business & Economics categories.
The global financial markets are not just driven by the big investment houses and fund managers. Along with these, private banks, insurance houses, hedge funds, sovereign wealth funds and a range of boutique investment managers, regional institutions and brokers of different sizes and nationalities all operate and interact to form the bedrock of the global financial infrastructure. Because of this, it is essential that practitioners and observers of the markets fully understand the linkages, objectives and functions of these institutions, and the new and dynamic environment they are working in. Market Players provides a complete roadmap to the institutions and intermediaries operating in today's global financial landscape, illustrating what they are, how they work, how they interact and importantly, their motivation. It explains the core financial market business of these institutions and considers how they have become the firms that we see today, providing readers with a clear understanding of which market sectors are likely to see the most involvement from the different types of institution and, importantly, why they are involved in these market areas. Key features include: a series of case studies looking at examples of some of these institutions including an explanation of the EIB and the UK agency UKFI. They also look at the financial crisis and the impact on AIG and Northern Rock, two institutions that clearly illustrate what can go wrong and how the other market players have to step in when this happens. an international perspective looking at representative institutions from Europe, Asia and North America, showing global similarities and differences. a Post Financial Crisis perspective on the structure of international banks in today's markets. coverage of the major players on both the buy and sell side of the market Written in plain English, Market Players is an accessible and much needed guide to financial institutions, equipping readers with the knowledge to better understand how the global financial markets really work.
What Drives Portfolio Investments Of German Banks In Emerging Capital Markets
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Author : Christian Wildmann
language : en
Publisher:
Release Date : 2010
What Drives Portfolio Investments Of German Banks In Emerging Capital Markets written by Christian Wildmann and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
The Global Structure Of Financial Markets
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Author : Dilip K. Ghosh
language : en
Publisher: Routledge
Release Date : 1997-05-22
The Global Structure Of Financial Markets written by Dilip K. Ghosh and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-05-22 with Business & Economics categories.
This volume uses the original research of experienced contributors to explore recent changes in financial markets. Areas discussed include Latin America, Europe, the USA, Mexico and India. The book updates issues including: * Risk and its minimization * Business enterprise on world markets * Capital flows and capital flight * Offshore markets * Central bank intervention
Venture Capital And The Structure Of Capital Markets
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Author : Ronald J. Gilson
language : en
Publisher:
Release Date : 2000
Venture Capital And The Structure Of Capital Markets written by Ronald J. Gilson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with categories.
The United States has many banks that are small relative to large corporations and play a limited role in corporate governance, and a well developed stock market with an associated market for corporate control. In contrast, Japanese and German banks are fewer in number but larger in relative size and are said to play a central governance role. Neither country has an active market for corporate control. We extend the debate on the relative efficiency of bank- and stock market-centered capital markets by developing a further systematic difference between the two systems: the greater vitality of venture capital in stock market-centered systems. Understanding the link between the stock market and the venture capital market requires understanding the contractual arrangements between entrepreneurs and venture capital providers; especially the importance of the opportunity to enter into an implicit contract over control, which gives a successful entrepreneur the option to reacquire control from the venture capitalist by using an initial public offering as the means by which the venture capitalist exits from a portfolio investment. We also extend the literature on venture capital contracting by offering an explanation for two central characteristics of the U.S. venture capital market: relatively rapid exit by venture capital providers from investments in portfolio companies; and the common practice of exit through an initial public offering.
Emerging Capital Markets And Globalization
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Author : Augusto de la Torre
language : en
Publisher: World Bank Publications
Release Date : 2006-10-20
Emerging Capital Markets And Globalization written by Augusto de la Torre and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-10-20 with Business & Economics categories.
Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, particularly in Latin America. Unfortunately, they are now faced with disheartening results. Stock and bond markets remain illiquid and segmented. Debt is concentrated at the short end of the maturity spectrum and denominated in foreign currency, exposing countries to maturity and currency risk. Capital markets in Latin America look particularly underdeveloped when considering the many efforts undertaken to improve the macroeconomic environment and to reform the institutions believed to foster capital market development. The disappointing performance has made conventional policy recommendations questionable, at best. 'Emerging Capital Markets and Globalization' analyzes where we stand and where we are heading on capital market development. First, it takes stock of the state and evolution of Latin American capital markets and related reforms over time and relative to other countries. Second, it analyzes the factors related to the development of capital markets, with particular interest on measuring the impact of reforms. And third, in light of this analysis, it discusses the prospects for capital market development in Latin America and emerging economies and the implications for the reform agenda.
Microfinance Investments In German Retail Banking
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Author : Robert Schmitt
language : en
Publisher: GRIN Verlag
Release Date : 2009-10-02
Microfinance Investments In German Retail Banking written by Robert Schmitt and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-10-02 with Business & Economics categories.
Bachelor Thesis from the year 2009 in the subject Business economics - Investment and Finance, grade: 1.0, University of Applied Sciences - Bonn, language: English, abstract: Microfinance or the concept of providing small-sized loans to the unemployed poor through recent decades has transformed into an asset class that attracts commercially oriented investors from all over the world. While the majority of them still consist of institutional investors and high net worth individuals, large numbers of people who could potentially profit from a microfinance engagement lack access to appropriate investment products. Simultaneously, only a small fraction of the global funding demand of the microfinance industry is currently being met. This paper demonstrates that, for several reasons, German retail banking clients should be provided with opportunities to engage in this emerging asset class. It is shown that this client group not only can have a significant impact on poverty reduction by closing parts of the immense funding gap, but moreover it is able to gain advantages in terms of portfolio diversification from a microfinance engagement.