Results 1 to 10 of about 434,604 (264)
Do Sophisticated Investors Believe in the Law of Small Numbers? [PDF]
Believers in the law of small numbers tend to overinfer the outcome of a random process after a small series of observations. They believe that small samples replicate the probability distribution properties of the population.
Baquero, G., Verbeek, M.J.C.M.
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Money, Crises, and Transition Essays in Honor of Guillermo A. Calvo: An Introduction [PDF]
Most of the chapters in this volume were prepared for a conference in honor of Guillermo Calvo, organized by the International Monetary Fund’s Research Department and held at Fund headquarters in Washington, DC, on April 15–16,2004.
Reinhart, Carmen +2 more
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How Widespread is Late Trading in Mutual Funds? [PDF]
This paper uses daily fund flow data to examine the extent of late trading in the U.S. mutual fund industry. Trading decisions that are required by law to have been made before 4 PM Eastern Time are correlated with market movements from 4 to 9 PM that ...
Eric Zitzewitz
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Decomposing the Persistence of International Equity Flows [PDF]
The portfolio flows of institutional investors are widely known to be persistent. What is less well known, however, is the source of this persistence.
Jessica D. Tjornhom, Kenneth A. Froot
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Mutual fund investment in emerging markets - an overview [PDF]
International mutual funds are one of the main channels for capital flows to emerging economies. Although mutual funds have become important contributors to financial market integration, little is known about their investment allocation, and strategies ...
Kaminsky, Graciela +2 more
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What Moves Capital to Transition Economies? [PDF]
The transition economies in Europe and the former Soviet Union between 1991 and 1999 differed widely in terms of total capital flows and the share and composition of private flows. With some exceptions (notably Russia), the main source of private inflows
Jeromin Zettelmeyer +3 more
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Law, Ethics, and International Finance [PDF]
, 2007 Cross-border financial flows can have dramatic effects on the recipients of the money--for good or for ill. This is particularly true in countries whose economies and capital markets are underdeveloped.
Buchheit, Lee C.
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Information Costs and Mutual Fund Flows [PDF]
This paper examines how investor and capital flows into mutual funds in the Swedish pension system are related to fund characteristics. Similarly to U.S.
Engström, Stefan, Westerberg, Anna
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The Mussa Theorem (and Other Results on IMF-Induced Moral Hazard) [PDF]
Using a simple model of international lending, we show that as long as the IMF lends at an actuarially fair interest rate and debtor governments maximize the welfare of their taxpayers, any changes in policy effort, capital flows, or borrowing costs in ...
Jeromin Zettelmeyer, Olivier Jeanne
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Mutual fund flows’ performance reaction: does convexity apply to small markets? [PDF]
In this paper we study the performance reaction of investors in a small market context. Instead of the asymmetrical investors’ reaction to winners and losers, as usually documented for the US, an absence of risk-adjusted performance reaction was observed.
Carlos F. Alves, Victor Mendes
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