Lee, Hyun-Hoon; Park, Cyn-Young; Byun, Hyung-suk - Economics and Research Department, Asian Development Bank - 2012
The paper aims to assess what influences volatility of capital flows to emerging countries and whether or not there is a spillover or contagion effect in the volatility. The empirical results suggest strong and significant contagion effects from global and regional volatilities on the volatility...