Reach for Yield and Fickle Capital Flows
---- Acknowledgments ----
Simsek acknowledges support from the National Science Foundation (NSF) under Grant Number SES-1455319. Prepared for the AEA Session on International Finance and Emerging Markets, ASSA January 2018. We thank Olivier Jeanne for his discussion and comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.