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dc.contributor.authorPUY, Damien
dc.date.accessioned2013-07-12T13:46:42Z
dc.date.available2013-07-12T13:46:42Z
dc.date.issued2013
dc.identifier.issn1725-6704
dc.identifier.urihttps://hdl.handle.net/1814/27618
dc.description.abstractThis paper explores the geography of portfolio flows emanating from institutional investors located in mature markets. We identify precise global and regional dynamics in equity and bond flows. Very few countries happen to receive (or lose) funding in isolation. We also find strong evidence of global contagion: although global waves originate in developed countries, emerging markets’ funding is much more affected. We illustrate this finding by deriving “contagion maps” showing where contagion spreads and with what intensity. In general, our results suggest that “push” effects from advanced market investors affect massively developing countries.en
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.relation.ispartofseriesEUI ECOen
dc.relation.ispartofseries2013/06en
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectCapital flowsen
dc.subjectInstitutional investorsen
dc.subjectMutual fundsen
dc.subjectContagionen
dc.subjectCrisesen
dc.subjectPush-and-Pull factorsen
dc.titleInstitutional investors flows and the geography of contagionen
dc.typeWorking Paperen
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