This paper offers a perspective on the determinants in bond and equity portfolio flows to eight emerging market economies (EMEs). Using a structural vector autoregressive (SVAR) model, the impact of three global and two domestic shocks on net inflows …
This paper investigates the extent of conditional volatility and time-varying correlations in South African and 18 other emerging market equity indices between January 2000 and November 2019. With considerations related to the dynamics in returns and …
This paper develops a quantitative monetary DSGE model with financial intermediaries that face endogenously determined balance sheet constraints. From this, the framework is used to assess the extent in which unconventional monetary policy measures …