BIS economists say investor behaviour key to understanding EM challenges
Part of wider Banque de France review on financial intermediation
Learning more about investor behaviour is crucial to understanding the challenges facing emerging market policy-makers, according to Hyun Song Shin and Philip Turner, economists at the Bank for International Settlements (BIS).
Shin, head of research at the BIS, and Turner, deputy head of its monetary and economic department, argue their case in the Banque de France's latest financial stability review.
"We know far less about the behaviour of investors than we do about the vulnerability of the
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