R Koepke - Journal of Economic Surveys, 2019 - Wiley Online Library
This paper reviews the rapidly growing empirical literature on the drivers of capital flows to emerging markets. The empirical evidence is structured based on the recognition that the …
J Caramichael, AC Rapp - Journal of Banking & Finance, 2024 - Elsevier
We study a global panel of green and conventional corporate bonds to assess the borrowing cost advantage at issuance for green bond issuers. We find that, on average, green …
Countries' gross capital inflows are not equally affected by changes in global conditions. Analyzing 21 advanced countries (ACs) and 33 emerging markets (EMs) between 2001 and …
V Sushko, G Turner - BIS Quarterly Review, March, 2018 - papers.ssrn.com
The popularity of passive investing through index mutual funds and exchange-traded funds (ETFs) has grown substantially over recent years, displacing higher-cost active investment …
N Camanho, H Hau, H Rey - The Review of Financial Studies, 2022 - academic.oup.com
We examine international equity allocations at the fund level and show how excess foreign returns influence portfolio rebalancing, capital flows, and currencies. Our equilibrium model …
We propose a new quantile regression framework to predict the entire future probability distribution of capital flows to emerging markets, based on changes in global financial …
P Zhao, X Yao, R Shen - Energy Economics, 2024 - Elsevier
This paper explores the impact of capital market internationalization on firms' ESG performance, utilizing the event that China A-shares were officially included in the MSCI …
R Koepke, S Paetzold - International Journal of Finance & …, 2024 - Wiley Online Library
This paper provides an analytical overview of the most widely used capital flow datasets. The paper is written as a guide for academics who embark on empirical research projects …
A Chari - Annual Review of Economics, 2023 - annualreviews.org
Over the last two decades, the unprecedented increase in non-bank financial intermediation, particularly the rise of open-end mutual funds and exchange-traded funds, accounts for …