Article ID Journal Published Year Pages File Type
963002 Journal of International Economics 2012 18 Pages PDF
Abstract
► This paper studies how investors and managers react to shocks and crises. ► And the impact on capital flows through international investment allocations. ► Investors inject/redeem money into each fund. ► Managers change country weights and cash. ► Both act pro-cyclically to crises and do not stabilize capital flows.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
On the international transmission of shocks: Micro-evidence from mutual fund portfolios
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