Have Institutional Investors Destabilized Emerging Markets?

Have Institutional Investors Destabilized Emerging Markets?
In the past few years there has been a large increase in portfolio capital flows into emerging markets, mostly fueled by mutual funds and other institutional investors. Based on a simple variance ratio test, this paper finds that emerging stock markets as a group experienced a sharp increase in autocorrelation in total returns at a time when... READ MORE...

Publication date: April 1996
ISBN 9781451978889
$15.00

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