Loans Versus Bonds as Emerging Market Credit
type: CreativeWork
description: "Lastly, a literature has developed on whether the new portfolio flows are ""hot money"", in that they may exhibit high volatility relative to other forms of capital such as direct investment. Some authors question whether portfolio flows are hot money. None look at more specific categories, however. Accordingly, various estimations and tests are performed on loans and bonds to determine which series exhibits more volatility. Here the results clearly show that bonds are the more volatile inflow."
abstract: "Lastly, a literature has developed on whether the new portfolio flows are ""hot money"", in that they may exhibit high volatility relative to other forms of capital such as direct investment. Some authors question whether portfolio flows are hot money. None look at more specific categories, however. Accordingly, various estimations and tests are performed on loans and bonds to determine which series exhibits more volatility. Here the results clearly show that bonds are the more volatile inflow."
author: Miles, William Robert
language: eng
keywords: Business Administration, Banking
date published: 2015-09-25T22:47:45Z
date modified: 2026-07-22T22:26:25Z
provider: University of Illinois - Urbana-Champaign
publisher: Networked Digital Library of Theses and Dissertations
type: WebPage
source organization: University of Illinois at Urbana-Champaign

PropertyValue
property ID: Handle
value: http://hdl.handle.net/2142/85647