Emerging Market Portfolio Flows

Released on by Mr.Serkan Arslanalp
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  • Emerging Market Portfolio Flows Book Detail

  • Author : Mr.Serkan Arslanalp
  • Release Date : 2015-12-17
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 25
  • ISBN 13 : 1513559222
  • File Size : 18,18 MB
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Emerging Market Portfolio Flows by Mr.Serkan Arslanalp PDF Summary

Book Description: 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 the market—the EM local currency government bond market—, accounting for more than one third of total foreign holdings as of end-2014. We find that the prominence of these investors declined somewhat after the May 2013 taper tantrum, but remain high. This distinction is important in understanding the drivers of EM capital flows and their sensitivity to different types of shocks. In particular, a high share of benchmark-driven investors may result in capital flows that are more sensitive to global shocks and less sensitive to country factors.

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Emerging Market Portfolio Flows

Emerging Market Portfolio Flows

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Portfolio flows to emerging markets (EMs) tend to be correlated. A possible explanation is the role global benchmarks play in allocating capital internationally

Emerging Market Portfolio Flows

Emerging Market Portfolio Flows

File Size : 61,61 MB
Total View : 8262 Views
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Portfolio flows to emerging markets (EMs) tend to be correlated. A possible explanation is the role global benchmarks play in allocating capital internationally