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    • How ETFs Amplify the Global Financial Cycle in Emerging Markets 

      Converse, Nathan; Levy Yeyati, Eduardo; Williams, Tomas (Universidad Torcuato Di TellaEscuela de Gobierno, 2017-12)
      Since the early 2000s exchange-traded funds (ETFs) have grown to become an important investment vehicle worldwide. In this paper, we study how their growth affects the sensitivity of international capital flows to the ...