Showing 1 - 10 of 714
volatility would affect the composition of capital flows in favor of FDI …
Persistent link: https://www.econbiz.de/10012752467
We quantify the macroeconomic effects of COVID-19 for a small open economy by calibrating a SIR-multi-sector-macro model. We measure sectoral supply shocks utilizing teleworking and physical job proximity, and demand shocks with credit card purchases. Both shocks are also affected from changing...
Persistent link: https://www.econbiz.de/10012826004
This paper examines whether-and how-emerging market economies (EMEs) respond to capital flows to mitigate their untoward consequences. Based on a sample of about 50 EMEs over 2005Q1-2013Q4, we find that EME policy makers respond proactively to capital inflows by using a combination of policy...
Persistent link: https://www.econbiz.de/10012956376
polices are tools complementary to the monetary policy rate that can largely reduce inflation and output volatility in a …
Persistent link: https://www.econbiz.de/10012828217
This paper documents the evolution of gross and net capital flows to emerging market economies and surveys the large literature on the potential drivers. While the capital flow landscape has been shaped by the evolution of both global and country-specific factors, the relative importance of...
Persistent link: https://www.econbiz.de/10012909408
Capital flow volatility is a concern for macroeconomic and financial stability. Nonetheless, literature is scarce in … period 1970Q1-2016Q1, we construct three measures of volatility, for total capital flows and key instruments. Second, we … perform panel regressions to understand the determinants of volatility. The measures show that the volatility of all …
Persistent link: https://www.econbiz.de/10012957856
In this paper we first compare house price cycles in advanced and emerging economies using anew quarterly house price data set covering the period 1990-2012. We find that house prices in emerging economies grow faster, are more volatile, less persistent and less synchronized across countries...
Persistent link: https://www.econbiz.de/10013027667
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 over 1980-2009, differentiating between those mainly...
Persistent link: https://www.econbiz.de/10013111392
This paper analyzes the experiences of emerging market economies (EMEs) that have liberalized capital flows over the past 15 years with respect to macroeconomic performance and risks to financial stability. The results of the panel data regressions indicate that greater openness to capital flows...
Persistent link: https://www.econbiz.de/10013089306
We reassess the connection between capital account openness and capital flows in an empirical framework that is grounded in theory and makes use of previously unexplored variation in the data. We demonstrate how our theory-consistent regressions may overcome some ubiquitous measurement problems...
Persistent link: https://www.econbiz.de/10012858394