Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7364376 | Journal of International Financial Markets, Institutions and Money | 2017 | 25 Pages |
Abstract
This paper examines determinants of foreign portfolio investment (FPI) from the developed countries to emerging economies using the new data from the IMF's large coordinated portfolio investment surveys. Employing an assortment of econometric techniques, we attempt to shed further light on the determinants bilateral FPI capital flows with a number of contributions to the current literature. This paper advances other previous study by utilizing the new disaggregated FPI capital flows and a number of broad differentials. We find that portfolio investors from G7 countries tend to depart from efficient portfolio allocation and they are biased towards some differentials between source and recipient countries.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Xuan Vinh Vo, Dong Phong Nguyen, Viet Tien Ho, Trung Thong Nguyen,