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The Risky Capital of Emerging Markets. (2014). Simonovska, Ina ; Henriksen, Espen ; David, Joel.
In: NBER Working Papers.
RePEc:nbr:nberwo:20769.

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  1. Risk-adjusted capital allocation and misallocation. (2022). Zeke, David ; Schmid, Lukas ; David, Joel M.
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:145:y:2022:i:3:p:684-705.

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  2. .

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  3. Risk-Adjusted Capital Allocation and Misallocation. (2020). David, Joel ; Zeke, David ; Schmid, Lukas.
    In: Working Paper Series.
    RePEc:fip:fedhwp:92319.

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  4. Net Capital Flows and Portfolio Diversification. (2019). Bürgi, Constantin ; Bürgi, Constantin ; Bürgi, Constantin ; Wu, Min ; Bobic, Vida.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_7883.

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  5. Risk-Adjusted Capital Allocation and Misallocation. (2018). David, Joel ; Zeke, David ; Schmid, Lukas.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:13205.

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  6. Banking Across Borders With Heterogeneous Banks. (2018). Niepmann, Friederike.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:12606.

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  7. Correlated Beliefs, Returns, and Stock Market Volatility. (2016). Simonovska, Ina ; David, Joel.
    In: 2016 Meeting Papers.
    RePEc:red:sed016:130.

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  8. Capital flows and the current account: Taking financing (more) seriously. (2016). Disyatat, Piti ; BORIO, Claudio.
    In: PIER Discussion Papers.
    RePEc:pui:dpaper:14..

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  9. Capital Flows and the Current Account: Taking Financing (More) Seriously. (2016). Disyatat, Piti ; Borio, Claudio.
    In: PIER Discussion Papers.
    RePEc:pui:dpaper:14.

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  10. Banking Across Borders With Heterogeneous Banks. (2016). Niepmann, Friederike.
    In: International Finance Discussion Papers.
    RePEc:fip:fedgif:1177.

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  11. Correlated beliefs, returns, and stock market volatility. (2016). Simonovska, Ina ; David, Joel.
    In: Journal of International Economics.
    RePEc:eee:inecon:v:99:y:2016:i:s1:p:s58-s77.

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  12. Not so disconnected: Exchange rates and the capital stock. (2016). Hassan, Tarek ; Zhang, Tony ; Mertens, Thomas M.
    In: Journal of International Economics.
    RePEc:eee:inecon:v:99:y:2016:i:s1:p:s43-s57.

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  13. Correlated Beliefs, Returns, and Stock Market Volatility. (2015). Simonovska, Ina ; David, Joel.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:21480.

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  14. Not so Disconnected: Exchange Rates and the Capital Stock. (2015). Hassan, Tarek ; Zhang, Tony ; Mertens, Thomas .
    In: NBER Working Papers.
    RePEc:nbr:nberwo:21445.

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  15. Not so disconnected: exchange rates and the capital stock. (2015). Hassan, Tarek ; Zhang, Tony ; Mertens, Thomas M.
    In: Working Paper Series.
    RePEc:fip:fedfwp:2015-21.

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  16. Not so Disconnected: Exchange Rates and the Capital Stock. (2015). Hassan, Tarek ; Mertens, Thomas M ; Zhang, Tony .
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:10744.

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  17. Capital flows and the current account: Taking financing (more) seriously. (2015). Disyatat, Piti ; BORIO, Claudio.
    In: BIS Working Papers.
    RePEc:bis:biswps:525.

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  18. Currency Manipulation. (2008). Hassan, Tarek ; Zhang, Tony ; Mertens, Thomas M.
    In: Working Paper Series.
    RePEc:fip:fedfwp:2016-15.

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References

References cited by this document

    References contributed by usersubmitted

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  19. Due to the long time horizon that we analyze, some notes about the PWT country classification are in order. West Germany proxies Germany prior to the unification of East and West Germany. Data for Ethiopia for the period of 1970-1990 refer to the former territory of Ethiopia, including Eritrea. Czechoslovakia is not contained in PWT. Czech Republic and Slovak Republic are added in 1990. USSR is not contained in PWT. Russia, Azerbaijan, Estonia, Georgia, Kazakhstan, Kyrgyzstan, Lithuania, Latvia and Moldova are added in 1990. Yugoslavia is not contained in PWT. Bosnia and Herzegovina, Croatia, Macedonia, Montenegro, Serbia and Slovenia are added in 1990.
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  46. Tabova, A. (2013): “Portfolio Diversification and the Cross-Sectional Distribution of Foreign Investment,” International Finance Discussion Papers 1091, Board of Governors of the Federal Reserve System. For Online Publication: Appendix A Data As described in the text, we use data on relative prices and US per-capita consumption from the BEA. We obtain data from the Penn World Tables Version 8.0 (PWT) to construct dividends in foreign countries. We exclude countries where insufficient data are available, with clear data errors, or that are large outliers. Altogether, these amount to 23 out of 167 countries, leaving us with the 144 used in the main text.
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