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returns and crises and adjust their investments substantially, e.g., generating large reallocations during the global …
Persistent link: https://www.econbiz.de/10010595062
This paper explores the geography of portfolio flows emanating from institutional investors located in mature markets. We identify precise global and regional dynamics in equity and bond flows. Very few countries happen to receive (or lose) funding in isolation. We also find strong evidence of...
Persistent link: https://www.econbiz.de/10010709029
of capital flows: (i) capital flows to emerging countries are more subject to occasional large negative shocks (“crises …
Persistent link: https://www.econbiz.de/10005772078
Due to the importance of the financial instability and of its negative consequences within the economies, especially in the emerging ones, it is important to sstudy the link between financial instability and investments, as a factor of economic stability. Therefore, the paper aims to analyze the...
Persistent link: https://www.econbiz.de/10010675767
Driven by waves of foreign capital inflows and outflows, Indonesia, the Republic of Korea, and Thailand—among several other emerging markets—have resorted to capital control policy since 2006. Are capital controls effective? Controls on capital inflows have been experiencing a renaissance...
Persistent link: https://www.econbiz.de/10010991134
In this paper, we examine the determinants of global investors’ net flows to investment bond funds dedicated to emerging economies and analyze the effects of the U.S. expansionary monetary policy on these flows from 2010 to 2013. We particularly focus on investors’ behavior vis-à-vis...
Persistent link: https://www.econbiz.de/10010992410
Controls on capital inflows have been experiencing a renaissance since 2008, with several prominent emerging markets implementing them. We focus on Brazil, which instituted five changes in its capital account regime in 2008-2011. Using the synthetic control method, we construct counterfactuals...
Persistent link: https://www.econbiz.de/10010969271
We study different channels through which well-known benchmark indexes impact asset allocations, capital flows, and asset prices across countries, using unique monthly micro-level data of benchmark compositions and mutual fund investments during 1996-2014. Benchmarks are useful for...
Persistent link: https://www.econbiz.de/10011170338
returns and crises and adjust their investments substantially, for example, generating large reallocations during the global …
Persistent link: https://www.econbiz.de/10009277244
Controls on capital inflows have been experiencing a period akin to a renaissance since the beginning of the global financial crisis in 2008, with several prominent countries choosing to impose controls; e.g., Thailand, Korea, Peru, Indonesia, and Brazil. We focus on the case of Brazil, a...
Persistent link: https://www.econbiz.de/10010561493