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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格式: | 雜誌 |
語言: | English |
出版: |
Washington, D.C. :
International Monetary Fund,
2015.
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叢編: | IMF Working Papers; Working Paper ;
No. 2015/263 |
在線閱讀: | Full text available on IMF |