Donato, Giovanni; Tille, Cédric - 2024
, leading to a larger role of investment income flows in the balance of payments. We use a broad sample of countries to document … the heterogeneous evolution of the various components of investment income flows, with a rising role of FDI and equity … had a limited impact in the 2013 taper tantrum, investment income balances are likely to benefit from higher US rates in …