{"id":"https://openalex.org/W2106448113","doi":null,"title":"Transparency and International Portfolio Holdings","display_name":"Transparency and International Portfolio Holdings","publication_year":2004,"publication_date":"2004-07-01","ids":{"openalex":"https://openalex.org/W2106448113","mag":"2106448113"},"language":"en","primary_location":{"id":"mag:2106448113","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=575004","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},"volume":null,"type":"preprint","indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=575004","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5042657434","display_name":"Gast\u00f3n Gelos","orcid":"https://orcid.org/0000-0003-4362-676X","observed_orcids":["https://orcid.org/0000-0003-4362-676X"]},"institutions":[{"id":"https://openalex.org/I1310145890","display_name":"International Monetary Fund","ror":"https://ror.org/05m4rmw09","country_code":"US","type":"other","lineage":["https://openalex.org/I1310145890"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Gast\u00f3n Gelos","raw_affiliation_strings":["\u2021International Monetary Fund"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"\u2021International Monetary Fund","institution_ids":["https://openalex.org/I1310145890"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5109848490","display_name":"Shang\u2010Jin Wei","orcid":"https://orcid.org/0000-0002-6685-9366","observed_orcids":["https://orcid.org/0000-0002-6685-9366"]},"institutions":[{"id":"https://openalex.org/I78577930","display_name":"Columbia University","ror":"https://ror.org/00hj8s172","country_code":"US","type":"education","lineage":["https://openalex.org/I78577930"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Shang\u2010Jin Wei","raw_affiliation_strings":["Columbia Business School - Finance and Economics"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Columbia Business School - Finance and Economics","institution_ids":["https://openalex.org/I78577930"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":74,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.9765999913215637,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.9765999913215637,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.006399999838322401,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13901","display_name":"State Capitalism and Financial Governance","score":0.0044999998062849045,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/transparency","display_name":"transparency","score":0.6489999890327454},{"id":"https://openalex.org/keywords/foreign-portfolio-investment","display_name":"foreign portfolio investment","score":0.9269999861717224},{"id":"https://openalex.org/keywords/emerging-market-funds","display_name":"emerging market funds","score":0.7329999804496765},{"id":"https://openalex.org/keywords/government-transparency","display_name":"government transparency","score":0.8880000114440918},{"id":"https://openalex.org/keywords/corporate-transparency","display_name":"corporate transparency","score":0.9980000257492065},{"id":"https://openalex.org/keywords/capital-flight","display_name":"capital flight","score":0.46799999475479126},{"id":"https://openalex.org/keywords/financial-crises","display_name":"financial crisis","score":0.953000009059906},{"id":"https://openalex.org/keywords/investor-behavior","display_name":"investor behavior","score":0.33799999952316284}],"concepts":[{"id":"https://openalex.org/C2780233690","wikidata":"https://www.wikidata.org/wiki/Q535347","display_name":"Transparency (behavior)","level":2,"score":0.9256644248962402},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.7205783724784851},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6657805442810059},{"id":"https://openalex.org/C121087249","wikidata":"https://www.wikidata.org/wiki/Q546395","display_name":"Emerging markets","level":2,"score":0.5610511302947998},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.47524452209472656},{"id":"https://openalex.org/C50787887","wikidata":"https://www.wikidata.org/wiki/Q5468447","display_name":"Foreign portfolio investment","level":5,"score":0.466044545173645},{"id":"https://openalex.org/C2776035688","wikidata":"https://www.wikidata.org/wiki/Q1606558","display_name":"Affect (linguistics)","level":2,"score":0.44093987345695496},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4308244585990906},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.37032389640808105},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.31028932332992554},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.27769580483436584},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C181308471","wikidata":"https://www.wikidata.org/wiki/Q25245118","display_name":"Open-ended investment company","level":4,"score":0.0},{"id":"https://openalex.org/C169549615","wikidata":"https://www.wikidata.org/wiki/Q939134","display_name":"Return on investment","level":3,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.0},{"id":"https://openalex.org/C2778348673","wikidata":"https://www.wikidata.org/wiki/Q739302","display_name":"Production (economics)","level":2,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"mag:2106448113","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=575004","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},{"id":"mag:3121790043","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/paper/cprceprdp/4476.htm","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:RePEc:cpr:ceprdp:4476","doi":null,"is_oa":false,"landing_page_url":"http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=4476","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"}],"best_oa_location":{"id":"mag:2106448113","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=575004","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":27,"referenced_works":["https://openalex.org/W1495620821","https://openalex.org/W1999048455","https://openalex.org/W2009729418","https://openalex.org/W2054240155","https://openalex.org/W2084663935","https://openalex.org/W2112845472","https://openalex.org/W2126555709","https://openalex.org/W2139163404","https://openalex.org/W2154187126","https://openalex.org/W2156209357","https://openalex.org/W2167083497","https://openalex.org/W2760442026","https://openalex.org/W3022963609","https://openalex.org/W3121504762","https://openalex.org/W3121759882","https://openalex.org/W3121830825","https://openalex.org/W3122013451","https://openalex.org/W3122075419","https://openalex.org/W3122297728","https://openalex.org/W3122336920","https://openalex.org/W3122489987","https://openalex.org/W3123326355","https://openalex.org/W3123516354","https://openalex.org/W3125252073","https://openalex.org/W3125499115","https://openalex.org/W3125753879","https://openalex.org/W3126001324"],"related_works":["https://openalex.org/W1498345344","https://openalex.org/W7097861390","https://openalex.org/W2904327523","https://openalex.org/W7099764707","https://openalex.org/W259718917","https://openalex.org/W2134617571","https://openalex.org/W7133133664","https://openalex.org/W1904513564","https://openalex.org/W2061421173","https://openalex.org/W3124630755"],"abstract_inverted_index":{"Does":[0],"country":[1],"transparency":[2,16],"affect":[3],"international":[4],"portfolio":[5,27],"investment?":[6],"We":[7,36],"examine":[8],"this":[9],"question":[10],"by":[11,18],"constructing":[12],"new":[13],"measures":[14],"of":[15,21,29],"and":[17,40],"making":[19],"use":[20],"a":[22,70],"unique":[23],"micro":[24],"dataset":[25],"on":[26],"holdings":[28],"emerging":[30],"market":[31],"funds":[32,48,64],"around":[33],"the":[34],"world.":[35],"distinguish":[37],"between":[38],"government":[39],"corporate":[41],"transparency.":[42],"There":[43,56],"is":[44,57],"clear":[45],"evidence":[46,60],"that":[47,61],"invest":[49],"systematically":[50],"less":[51,53],"in":[52],"transparent":[54],"countries.":[55],"also":[58],"some":[59],"during":[62],"crises,":[63],"flee":[65],"from":[66],"non-transparent":[67],"countries":[68],"to":[69],"greater":[71],"extent.":[72]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":2},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":3},{"year":2015,"cited_by_count":8},{"year":2014,"cited_by_count":9},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":13}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2016-06-24T00:00:00"}