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Beyond the Fundamentals: How Media-Driven Narratives Influence Cross-Border Capital Flows

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NBER2024-11-01 更新2025-01-04 收录
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We provide the first empirical evidence on how media-driven narratives influence cross-border institutional investment flows. Applying natural language processing techniques to one-and-a-half million newspaper articles, we document substantial cross-country variation in sentiment and risk indices

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2024-11-01
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