Emerging Market Portfolio Flows is popular PDF and ePub book, written by Mr.Serkan Arslanalp in 2015-12-17, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Emerging Market Portfolio Flows can be Read Online from any device for your convenience.
Emerging Market Portfolio Flows Book PDF Summary
Portfolio flows to emerging markets (EMs) tend to be correlated. A possible explanation is the role global benchmarks play in allocating capital internationally, the so-called “benchmark effect.” This paper finds that benchmark-driven investors indeed play a large role in a key segment of the market—the EM local currency government bond market—, accounting for more than one third of total foreign holdings as of end-2014. We find that the prominence of these investors declined somewhat after the May 2013 taper tantrum, but remain high. This distinction is important in understanding the drivers of EM capital flows and their sensitivity to different types of shocks. In particular, a high share of benchmark-driven investors may result in capital flows that are more sensitive to global shocks and less sensitive to country factors.
Detail Book of Emerging Market Portfolio Flows PDF
- Author : Mr.Serkan Arslanalp
- Release : 17 December 2015
- Publisher : International Monetary Fund
- ISBN : 9781513570655
- Genre : Business & Economics
- Total Page : 25 pages
- Language : English
- PDF File Size : 15,7 Mb
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