RISK PROPERTIES OF AMU DENOMINATED ASIAN BONDS
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mpirically we ask how migrant networks influence both portfolio and foreign direct investment. 3 Looking at both portfolio and foreign direct investment allows us to evaluate the generality of our argument because these two types of investment are fundamentally different. While portfolio investors purchase stocks and bonds in open markets, foreign direct investors own a fixed stake in plant or machinery. Additionally, portfolio and foreign direct investment differ in terms of their heterogeneity: while portfolio investment opportunities are bounded by the offerings of private and public entities, foreign direct investments represent a seemingly endless set of options. ...
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