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On the effects of global uncertainty shocks on portfolio flowsDiscussion paper 23/2025: Joscha Beckmann, Timo Bettendorf
Deutsche Bundesbank
2025.09.18
This paper investigates how international bond and equity fund flows are affected by global uncertainty. Additionally, we aim to identify factors that may amplify or dampen the effects of uncertainty. Overall, we analyze fund flows into 25 emerging market and 21 advanced economies over the period from August 2005 to December 2023.