Does country ""transparency"" affect international portfolio investment? We examine this and related questions using a … unique micro dataset on international portfolio holdings. We employ various indices of government and corporate transparency … transparent countries. Herding among funds is somewhat less prevalent in more transparent countries. During the Asian and Russian …

withdrew money one month prior to the events. The degree of herding among funds is statistically significant, but moderate …. Herding is more widespread among open-ended funds than among closed-end funds, but not more prevalent during crises than …

We assess the impact of media sentiment on international equity prices using more than 4.5 million Reuters articles …, changes in global news sentiment have a larger impact on equity returns around the world, which does not reverse in the short … optimism attracts international equity flows for a few days, global news optimism generates a permanent foreign equity inflow …

The North Atlantic financial crisis of 2008-2009 has spurred renewed interest in reforming the international monetary …. Since international monetary cooperation might be difficult, though desirable, central banks in major advanced economies …

world have contracted to a significant extent. This paper analyzes the factors underlying this process of external …