International Asset Allocations and Capital Flows : The Benchmark Effect
Benchmark indexes have become important in financial markets for portfolio investment. In this paper, we study how international equity and bond market indexes impact asset allocations, capital flows, asset prices, and exchange rates across countries. We use unique monthly micro-level data of benchm...
| Main Authors: | , , |
|---|---|
| Published: |
Elsevier
2018
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/29444 |