Li, Suxiao; Haan, Jakob de; Scholtens, Bert; Yang, Haizhen - In: Applied Economics Letters 22 (2015) 5, pp. 378-384
We investigate whether international fund flows are pro-or counter-cyclical by employing a concordance index. International fund flows are investments in bond and equity markets by institutional investors, such as mutual funds, exchange traded funds, closed-end funds and hedge funds. We find...
