Gauvin, L.; McLoughlin, C.; Reinhardt, D. - Banque de France - 2013
portfolio bond and equity flows. We find that increases in US policy uncertainty significantly reduce portfolio bond and equity … flows into EMEs. Conversely, increases in EU policy uncertainty have different effects on equity vs. bond flows into EMEs …: equity inflows increase, but bond inflows decrease. The spillover effect of policy uncertainty on capital flows depends on …