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The Instability of the Emerging Market Assets Demand Schedule

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  • Valpy Fitzgerald

Abstract

This paper addresses the nature of the demand schedule for emerging market assets in both its macroeconomic and microeconomic dimensions. The former is usually analysed in terms of the 'push factors' (such as interest rates or contagion) determining international capital flows; while the latter is normally approached through the portfolio composition decisions (such as herding or risk appetite) of investment managers.

Suggested Citation

  • Valpy Fitzgerald, 2002. "The Instability of the Emerging Market Assets Demand Schedule," WIDER Working Paper Series DP2002-80, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:dp2002-80
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    References listed on IDEAS

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