Is South Africa Receiving More than Its Fair Share of Portfolio Flows? /
This paper develops an empirical model of the drivers of portfolio flows, and concludes that South Africa has indeed received greater bond flows than can be explained by macroeconomic fundamentals. Bond flows in the four quarters through 2010:Q3 not only exceeded the average over the past 10 years,...
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| Format: | Journal |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2011.
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| Series: | Departmental Papers; Departmental Paper ;
No. 2011/003 |
| Online Access: | Full text available on IMF |