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 both the under...
| Main Authors: | , |
|---|---|
| Format: | Journal Article |
| Language: | en_US |
| Published: |
Elsevier
2013
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/16308 |