Portfolio Flows, Global Risk Aversion and Asset Prices in Emerging Markets »
Journal Issue
Volume/Issue: 2014/156
Series: IMF Working Papers
Author(s): Nasha Ananchotikul , and Longmei Zhang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 August 2014
DOI: http://dx.doi.org/10.5089/9781498340229.001
ISBN: 9781498340229
Keywords: portfolio flows, global risk aversion, exchange rate, bond, bond flows, risk aversion, stock market, Portfolio Choice,
In recent years, portfolio flows to emerging markets have become increasingly large and volatile. Using weekly portfolio fund flows data, the paper finds that their short-run dynamics are driven mostly by global 'p...