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 …

ABSTRACT The Wall Street Consensus is an elaborate effort to reorganize development
interventions around partnerships with global finance. The UN's Billions to Trillions agenda …

We study the effects of US monetary policy on international mutual fund investment. We
apply a novel variant of the shock identification procedure in Bu et al.(2021) to decompose …

This contribution outlines four propositions of the critical macro-finance (CMF) approach:(1)
US-led financial globalization has structurally evolved around market-based finance, driven …

The variegated experiences of financialisation in Emerging Capitalist Economies (ECEs)
require a theory of global structural transformation in which these appearances can be …

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 …

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 …

Exchange-traded funds (ETFs) are among the fastest-growing types of innovative financial
products. The emergence and spread of these instruments have been facilitated by the …

Hedging is a particularly important tool in the Exchange Traded Fund (ETF) markets where
market makers seek the best ways to mitigate the uncertainty of their exposures. This study …

Foreign investors pay attention to economic and political developments in the recipient
country and might decide to postpone or divert their investments when uncertainty …