Documents & Reports

Do capital flows respond to risk and return? (English)


This paper explores empirically the role of risk and return in the observed evolution of net foreign asset positions of industrial and developing economies. The paper adopts a dynamic approach in which investors' portfolios adjust gradually to their long-run... See More +


  • Calderon, Cesar; Loayza, Norman; Serven, Luis;
  • 2003/05/31
  • Policy Research Working Paper
  • WPS3059
  • 1
  • 1
  • 2010/07/01
  • Do capital flows respond to risk and return?
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