Froot, Kenneth A.; O'Connell, Paul G.J.; Seasholes, Mark S. - National Bureau of Economic Research (NBER) - 1998
This paper explores the behavior of daily, international portfolio flows into and out of 46 countries from 1994 through 1998. Our data are from State Street Bank & Trust and encompass over 3 million trades by client institutions. We find a number of interesting facts. First, we detect regional...