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...

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Bibliografische gegevens
Hoofdauteur: Arslanalp, Serkan
Andere auteurs: Tsuda, Takahiro
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2015.
Reeks:IMF Working Papers; Working Paper ; No. 2015/263
Online toegang:Full text available on IMF