G23 - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

• Consumer Interest Rates and Retail Mutual Fund Flows

  Staff Working Paper 2012-39 Jesus Sierra

  This paper documents a link between the real and financial sides of the economy. We find that retail equity mutual fund flows in Canada are negatively related to current and past changes in a component of the prime and 5-year mortgage rates that is uncorrelated with government rates.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial services, Interest rates JEL Code(s): G, G2, G21, G23