Abidi, Nordine - In: Journal of banking and financial economics 1 (2019) 11, pp. 19-45
developing countries covering the period 2000-14, we show that: (i) average annual portfolio flows to FMs as a share of gross … in global financial markets, portfolio flows to FMs dried up like those to EMs; and that (iii) FMs have become more … integrated into international financial markets. Our findings confirm that, in terms of portfolio flows, FMs have become more …