Emerging Market Portfolio Flows : The Role of Benchmark-Driven Investors /

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...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Arslanalp, Serkan
Weitere Verfasser: Tsuda, Takahiro
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2015.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2015/263
Online Zugang:Full text available on IMF