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Tekijä:Bekaert, G.
Harvey, C.R.
Lumsdaine, R.L.
Otsikko:The dynamics of emerging market equity flows
Lehti:Journal of International Money and Finance
2002 : JUN, VOL. 21:3, p. 295-350
Asiasana:CAPITAL FLOWS
DIVIDENDS
EMERGING MARKETS
INTEREST RATES
RETURN ON INVESTMENT
Kieli:eng
Tiivistelmä:The authors study the interrelationship between capital flows, returns, dividend yields and world interest rates in 20 emerging markets. They estimate a vector autoregression with these variables to measure the degree to which lower interest rates contribute to increased capital flows and shocks in flows affect the cost of capital among other dynamic relations.
SCIMA tietueen numero: 233910
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