On the International Transmission of Shocks : Micro-Evidence from Mutual Fund Portfolios

Using micro-level data on mutual funds from different financial centers investing in equity and bonds, this paper analyzes how investors and managers behave and transmit shocks across countries. The paper shows that the volatility of mutual fund investments is quantitatively driven by investors thro...

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Bibliographic Details
Main Authors: Raddatz, Claudio, Schmukler, Sergio L.
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
NAV
S&P
Online Access:http://documents.worldbank.org/curated/en/2012/05/16271853/international-transmission-shocks-micro-evidence-mutual-fund-portfolios
http://hdl.handle.net/10986/9347