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Surges of international fund flows

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dc.contributor.authorLi, Suxiao
dc.contributor.authorde Haan, Jakob
dc.contributor.authorScholtens, Bert
dc.date.accessioned2019-07-11T23:41:29Z
dc.date.available2019-07-11T23:41:29Z
dc.date.issued2018-04
dc.identifier.citationLi , S , de Haan , J & Scholtens , B 2018 , ' Surges of international fund flows ' , Journal of International Money and Finance , vol. 82 , pp. 97-119 . https://doi.org/10.1016/j.jimonfin.2018.01.002en
dc.identifier.issn0261-5606
dc.identifier.otherPURE: 252063544
dc.identifier.otherPURE UUID: 122cb66c-5d05-44c6-a391-dbc839f34023
dc.identifier.otherScopus: 85044622760
dc.identifier.otherWOS: 000425492900005
dc.identifier.otherORCID: /0000-0001-5774-5191/work/69835039
dc.identifier.urihttp://hdl.handle.net/10023/18088
dc.descriptionThis research is supported by National Natural Science Foundation of China (NSFC Grant Numbers: 71273257, 71532013, 71703182).en
dc.description.abstractWe examine the determinants of the occurrence and magnitude of surges of fund flows, i.e. aggregate cross-border investments in local equity and bond markets by global funds, such as mutual funds, exchange traded funds, closed-end funds and hedge funds. Our analysis, based on monthly data for 55 countries, suggests that although most global factors are significant, they can only explain a small part of the surges in fund flows. Domestic pull factors and contagion factors increase the explanatory power of the model. Our results also suggest that notably domestic factors affect the magnitude of surges.
dc.format.extent23
dc.language.isoeng
dc.relation.ispartofJournal of International Money and Financeen
dc.rights© 2018 Elsevier Ltd. This work has been made available online in accordance with the publisher’s policies. This is the author created, accepted version manuscript following peer review and may differ slightly from the final published version. The final published version of this work is available at https://doi.org/10.1016/j.jimonfin.2018.01.002en
dc.subjectInternational fund flowsen
dc.subjectSurgesen
dc.subjectPush and pull factorsen
dc.subjectBond flowsen
dc.subjectEquity flowsen
dc.subjectHG Financeen
dc.subject3rd-NDASen
dc.subjectBDCen
dc.subject.lccHGen
dc.titleSurges of international fund flowsen
dc.typeJournal articleen
dc.description.versionPostprinten
dc.contributor.institutionUniversity of St Andrews. School of Managementen
dc.contributor.institutionUniversity of St Andrews. Centre for Responsible Banking and Financeen
dc.identifier.doihttps://doi.org/10.1016/j.jimonfin.2018.01.002
dc.description.statusPeer revieweden
dc.date.embargoedUntil2019-07-12


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