likely to stop bringing their capital when their economy is growing and the world interest rate is lower. Domestic agents are …

This paper analyzes the joint behavior of international capital flows by foreign and domestic agents -- gross capital …

strategies as a way to extract information, boost returns, and reduce risk. The authors compute measures of herding across asset …, herding is more prevalent across funds that narrowly compete with each other, that is, when comparing funds of the same type … across pension fund administrators. There is much less herding within pension fund administrators and across pension fund …

International mutual funds are one of the main channels for capital flows to emerging economies. Although mutual funds … strategies. The authors provide an overview of mutual fund activity in emerging markets. First, they describe international … than domestic U.S. funds and world funds. When investigating abroad, U.S. mutual funds invest more in equity than in bonds …

a rapidly changing, complex and uncertain world. These four rationales give rise to important tensions and trade-offs in …

between bank lending specialization and bank performance and stability in an international sample. Theory suggests that banks …

-specific characteristics and policies. Sudden stops now tend to affect different parts of the world simultaneously rather than bunching …

up international reserves, and adopted a public finance approach to financial integration. The global crisis of 2008 …