Documents et rapports
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The Anatomy of Index Rebalancings : Evidence from Transaction Data (anglais)
This paper exploits a novel dataset covering the universe of transactions in the Colombian Stock Exchange to analyze episodes of additions to and deletions from MSCI equity indexes. The analysis finds...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS9770 Date du document: 9 septembre 2021 Mode de publication: Disclosed Auteur: Escobar,Mariana,Pandolfi,Lorenzo,Pedraza Morales,Alvaro Enrique,Williams,Tomas
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Search for Yield in Large International Corporate Bonds : Investor Behavior and Firm Responses (anglais)
Emerging market corporations have significantly increased their borrowing in international markets since 2008. This paper shows that this increase was driven by large-denomination bond issuances, most...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS8890 Date du document: 17 juin 2019 Mode de publication: Disclosed Auteur: Calomiris,Charles W.,Larrain,Mauricio,Schmukler,Sergio L.,Williams,Tomas
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International asset allocations and capital flows : the benchmark effect (anglais)
This paper studies channels through which well-known benchmark indexes impact asset allocations and capital flows across countries. The study uses unique monthly micro-level data of benchmark compositions...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS6866 Date du document: 1 mai 2014 Mode de publication: Disclosed Auteur: Raddatz Kiefer,Claudio Enrique,Schmukler,Sergio L.,Williams,Tomas
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Emerging economies in the 2000s : real decoupling and financial recoupling (anglais)
The paper documents an intriguing development in the emerging world in the 2000s: a decoupling from the business cycle of advanced countries, combined with the strengthening of the co-movements in the...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS5961 Date du document: 1 février 2012 Mode de publication: Disclosed Auteur: Williams,Tomas,Levy-Yeyati,Eduardo
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Financial globalization in emerging economies : much ado about nothing ? (anglais)
Financial globalization, defined as global linkages through cross-border financial flows, has become increasingly relevant for emerging markets as they integrate financially with the rest of the world...
Numéro du rapport: WPS5624 Date du document: 1 avril 2011 Mode de publication: Disclosed Auteur: Williams,Tomas,Levy-Yeyati,Eduardo