Qureshi, Mahvash Saeed; Ghosh, Atish R.; Zalduendo, Juan; … - International Monetary Fund (IMF) - 2012
This paper examines why surges in capital flows to emerging market economies (EMEs) occur, and what determines the … allocation of capital across countries during such surge episodes. We use two different methodologies to identify surges in EMEs … occurring, moreover, the magnitude of the capital inflow depends largely on domestic factors including the country's external …