Showing 1 - 10 of 68
This paper studies how the drivers of portfolio flows change across periods with a model where regression coefficients endogenously change over time in a continuous fashion. The empirical analysis of daily equity portfolio flows to emerging markets shows that the regression coefficients display...
Persistent link: https://www.econbiz.de/10010686726
The paper analyses the global spillovers of the Federal Reserve’s unconventional monetary policy measures. First, we … that FX or capital account policies helped countries shield themselves from these US policy spillovers, but rather that …
Persistent link: https://www.econbiz.de/10010686827
. We find that an increase in Brazil’s tax on foreign investment in bonds causes investors to significantly decrease their …
Persistent link: https://www.econbiz.de/10010686793
viewpoint of international financing as well as from the one of international investment activities. Time series of these new … are available, the euro immediately became the second most widely used currency for international financing and investment …
Persistent link: https://www.econbiz.de/10005222389
This paper presents a systematic empirical relationship between money and subsequent prices and output, using US, euro …
Persistent link: https://www.econbiz.de/10005530771
We analyze the interlinkages between foreign direct investment (FDI) and foreign portfolio investment (FPI) between … stock of FPI. Most importantly, we find that information about foreign fundamentals is revealed via direct investment. In … investors follow firms’ expected foreign investment decisions. JEL Classification: F21, F23, G11, G15 …
Persistent link: https://www.econbiz.de/10005530924
investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving …
Persistent link: https://www.econbiz.de/10005344922
This paper analyses the impact of the global financial crisis on euro area cross-border financial flows by comparing recent developments with the main pre-crisis trends. Two prominent features of the period of turmoil were (i) the sizeable deleveraging of external financial exposures by the...
Persistent link: https://www.econbiz.de/10009216679
The causes of the 2008 collapse and subsequent surge in global capital flows remain an open and highly controversial issue. Employing a factor model coupled with a dataset of high-frequency portfolio capital flows to 50 economies, the paper finds that common shocks – key crisis events as well...
Persistent link: https://www.econbiz.de/10009216681
inflation and output volatility. Moreover, countries with a high level of capital controls, and those actively implementing …
Persistent link: https://www.econbiz.de/10010686784