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161223 ||| eng |
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|a 9781513555560
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100 |
1 |
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|a Brandão-Marques, Luis
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245 |
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|a Changes in the Global Investor Base and the Stability of Portfolio Flows to Emerging Markets
|c Luis Brandão-Marques, Gaston Gelos, Hibiki Ichiue, Hiroko Oura
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2015
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300 |
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|a 36 pages
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651 |
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4 |
|a United States
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653 |
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|a Payment Systems
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653 |
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|a Finance
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653 |
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|a Industries: Financial Services
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653 |
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|a Regimes
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653 |
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|a Exports and Imports
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653 |
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|a Money
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653 |
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|a International Financial Markets
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653 |
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|a Capital flows
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653 |
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|a Standards
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653 |
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|a Bonds
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653 |
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|a Currencies
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653 |
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|a Mutual funds
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653 |
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|a Government and the Monetary System
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653 |
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|a Institutional Investors
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653 |
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|a Pension Funds
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653 |
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|a Stocks
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653 |
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|a Short-term Capital Movements
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653 |
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|a Monetary economics
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653 |
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|a Financial institutions
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653 |
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|a Financial Instruments
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653 |
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|a Current Account Adjustment
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653 |
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|a Balance of payments
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653 |
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|a Long-term Capital Movements
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653 |
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|a General Financial Markets: General (includes Measurement and Data)
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653 |
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|a Investments: Bonds
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653 |
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|a International economics
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653 |
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|a Non-bank Financial Institutions
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653 |
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|a Investments: Stocks
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653 |
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|a Monetary Systems
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653 |
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|a Capital movements
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653 |
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|a Investment & securities
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653 |
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|a Money and Monetary Policy
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653 |
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|a International Investment
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700 |
1 |
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|a Gelos, Gaston
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700 |
1 |
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|a Ichiue, Hibiki
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700 |
1 |
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|a Oura, Hiroko
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041 |
0 |
7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
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|a IMF Working Papers
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028 |
5 |
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|a 10.5089/9781513555560.001
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856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/2015/277/001.2015.issue-277-en.xml?cid=43495-com-dsp-marc
|x Verlag
|3 Volltext
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0 |
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|a 330
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|a An analysis of mutual-fund-level flow data into EM bond and equity markets confirms that different types of funds behave differently. Bond funds are more sensitive to global factors and engage more in return chasing than equity funds. Flows from retail, open-end, and offshore funds are more volatile. Global funds are more stable in their EM investments than “dedicated” EM funds. Differences in the stability of flows from ultimate investors play a key role in explaining these patterns. The changing mix of global investors over the past 15 year has probably made portfolio flows to EMs more sensitive to global financial conditions
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