Fed QE drives portfolio rebalancing towards foreign assets, Brazil paper finds
Research analyses ‘comprehensive’ dataset for Brazilian capital flows
Quantitative easing policies adopted by the Federal Reserve cause portfolio rebalancing by US investors towards foreign assets in emerging market economies, a working paper published by the Central Bank of Brazil finds.
In Quantitative Easing and United States Investor Portfolio Rebalancing Towards Foreign Assets, João Barata Ribeiro Blanco Barroso uses capital flows from the US and the rest of the world as a comparison to collect "a comprehensive dataset" for Brazilian capital flows, along with
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