Is South Africa Receiving More than Its Fair Share of Portfolio Flows?

Is South Africa Receiving More than Its Fair Share of Portfolio Flows?
This paper develops an empirical model of the drivers of portfolio flows, and concludes that South Africa has indeed received greater bond flows than can be explained by macroeconomic fundamentals. Bond flows in the four quarters through 2010:Q3 not only exceeded the average over the past 10 years, but also deviated significantly from the amount... READ MORE...

Publication date: April 2011
ISBN 9781475506952
$25.00

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