Tarun Ramadorai

TL;DR: In this article, the authors provide new evidence on the channels through which financial shocks are transmitted across international borders, and show that inflows and outflows experienced by these funds translate into significant changes in their portfolio allocations in 25 emerging markets.

TL;DR: In this article, the share of adjustable-rate mortgages (ARMs) in total mortgage issuance in nine countries and using a nine-country panel and instrumental variables methods, the authors present evidence that near-term (one-year) rational expectations of future movements in ARM rates do affect mortgage choice, particularly in more recent data since 2001.

TL;DR: This paper explore the interaction between exchange rates, institutional investor currency flows and exchange-rate fundamentals and find that these flows are highly correlated with contemporaneous and lagged exchange rate changes, and that they carry information for future excess currency returns.

TL;DR: In this article, the authors model listing decisions in the housing market, and structurally estimate household preference and constraint parameters using comprehensive Danish data, and find reference-dependence around the nominal purchase price and modest loss-aversion, but their canonical model cannot fully explain the new facts.

TL;DR: In this article, the authors report evidence that individual investors in Indian equities hold better performing portfolios as they become more experienced in the equity market, consistent with models of reinforcement learning, and Indian stocks held by experienced, well diversified, low-turnover and low-disposition bias investors deliver higher average returns even controlling for a standard set of stock-level characteristics.