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Cyclical behavior of international fund flows
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dc.contributor.author | Li, Suxiao | |
dc.contributor.author | de Haan, Jakob | |
dc.contributor.author | Scholtens, Bert | |
dc.date.accessioned | 2019-01-17T00:33:06Z | |
dc.date.available | 2019-01-17T00:33:06Z | |
dc.date.issued | 2018-01 | |
dc.identifier | 250560300 | |
dc.identifier | af034a09-6b3b-41c1-bcca-804fd14e4835 | |
dc.identifier | 85026460038 | |
dc.identifier | 000416975300010 | |
dc.identifier.citation | Li , S , de Haan , J & Scholtens , B 2018 , ' Cyclical behavior of international fund flows ' , Research in International Business and Finance , vol. 43 , pp. 99-112 . https://doi.org/10.1016/j.ribaf.2017.07.123 | en |
dc.identifier.issn | 0275-5319 | |
dc.identifier.other | RIS: urn:EBD41BE52676F6126D7DE0EA1D321371 | |
dc.identifier.other | ORCID: /0000-0001-5774-5191/work/69834997 | |
dc.identifier.uri | https://hdl.handle.net/10023/16882 | |
dc.description | This research is supported by National Natural Science Foundation of China (NSFC Grant Numbers: 71273257, 71532013). | en |
dc.description.abstract | We investigate the cyclicality of international fund flows employing correlation and regression analysis using monthly data for almost 70 countries between 1996 and 2013. International fund flows are cross-border investments by global funds. Our results suggest that contemporaneously international fund flows are counter-cyclical: fund flows are above trend when output is below trend. Bond flows are more counter-cyclical than equity flows. Furthermore, the counter-cyclical behavior of fund flows has become more pronounced after the global financial crisis. Fund flows into non-OECD countries are mainly driven by global factors while fund flows into OECD countries are more influenced by country-specific factors. | |
dc.format.extent | 792591 | |
dc.language.iso | eng | |
dc.relation.ispartof | Research in International Business and Finance | en |
dc.subject | International fund flows | en |
dc.subject | Cyclicality | en |
dc.subject | Equity flows | en |
dc.subject | Bond flows | en |
dc.subject | Push and pull factors | en |
dc.subject | HG Finance | en |
dc.subject | 3rd-DAS | en |
dc.subject.lcc | HG | en |
dc.title | Cyclical behavior of international fund flows | en |
dc.type | Journal article | en |
dc.contributor.institution | University of St Andrews. School of Management | en |
dc.contributor.institution | University of St Andrews. Centre for Responsible Banking and Finance | en |
dc.identifier.doi | https://doi.org/10.1016/j.ribaf.2017.07.123 | |
dc.description.status | Peer reviewed | en |
dc.date.embargoedUntil | 2019-01-17 |
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