How Long to Read Portfolio Flows, Global Risk Aversion and Asset Prices in Emerging Markets

How Long Does it Take to Read Portfolio Flows, Global Risk Aversion and Asset Prices in Emerging Markets?

It takes the average reader and 33 minutes to read Portfolio Flows, Global Risk Aversion and Asset Prices in Emerging Markets by Nasha Ananchotikul

Assuming a reading speed of 250 words per minute. Learn more

Description

In recent years, portfolio flows to emerging markets have become increasingly large and volatile. Using weekly portfolio fund flows data, the paper finds that their short-run dynamics are driven mostly by global “push” factors. To what extent do these cross-border flows and global risk aversion drive asset volatility in emerging markets? We use a Dynamic Conditional Correlation (DCC) Multivariate GARCH framework to estimate the impact of portfolio flows and the VIX index on three asset prices, namely equity returns, bond yields and exchange rates, in 17 emerging economies. The analysis shows that global risk aversion has a significant impact on the volatility of asset prices, while the magnitude of that impact correlates with country characteristics, including financial openness, the exchange rate regime, as well as macroeconomic fundamentals such as inflation and the current account balance. In line with earlier literature, portfolio flows to emerging markets are also found to affect the level of asset prices, as was the case in particular during the global financial crisis.

How long is Portfolio Flows, Global Risk Aversion and Asset Prices in Emerging Markets?

Portfolio Flows, Global Risk Aversion and Asset Prices in Emerging Markets by Nasha Ananchotikul is 33 pages long, and a total of 8,349 words.

This makes it 11% the length of the average book. It also has 10% more words than the average book.

How Long Does it Take to Read Portfolio Flows, Global Risk Aversion and Asset Prices in Emerging Markets Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 45 minutes to read Portfolio Flows, Global Risk Aversion and Asset Prices in Emerging Markets aloud.

What Reading Level is Portfolio Flows, Global Risk Aversion and Asset Prices in Emerging Markets?

Portfolio Flows, Global Risk Aversion and Asset Prices in Emerging Markets is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Portfolio Flows, Global Risk Aversion and Asset Prices in Emerging Markets?

Portfolio Flows, Global Risk Aversion and Asset Prices in Emerging Markets by Nasha Ananchotikul is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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