Bekaert, Geert; Harvey, Campbell R.; Lumsdaine, Robin L. - 2021
We study the interrelationship between capital flows, returns, dividend yields and world interest rates in 20 emerging … contribute to increased capital flows and shocks in flows affect the cost of capital among other dynamic relations. We precede … the VAR analysis by a detailed examination of endogenous break points in capital flows and the other variables. These …