Schmidt, Richard; Yeşin, Pınar - In: Aussenwirtschaft : schweizerische Zeitschrift für … 71 (2021) 1, pp. 1-39
In this paper, we first document the growing importance of foreign-domiciled investment funds in countries' portfolio liabilities over time and then show empirical evidence that cross-border fund flows are coincident with asset price movements. To measure the external liabilities of countries to...
