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Financial Globalization and Inequality : Capital Flows as a Two-Edged Sword
Eichengreen, Barry; Csonto, Balazs; ElGanainy, Asmaa A; … - 2021
We review the debate on the association of financial globalization with inequality. We show that the within …-market specific - is important for facilitating wider sharing of the benefits of financial globalization …
Persistent link: https://www.econbiz.de/10013243076
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Regulating Capital Flows at Both Ends : Does it Work?
Ghosh, Atish R. - 2014
This paper examines whether cross-border capital flows can be regulated by imposing capital account restrictions (CARs) in both source and recipient countries, as was originally advocated by John Maynard Keynes and Harry Dexter White. To this end, we use data on bilateral cross-border bank flows...
Persistent link: https://www.econbiz.de/10013043719
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Capital Control Measures : A New Dataset
Fernàndez, Andrés - 2015
This paper presents a new dataset of capital control restrictions on both inflows and outflows of 10 categories of assets for 100 countries over the period 1995 to 2013. Building on the data in Schindler (2009) and other datasets based on the analysis of the IMF's Annual Report on Exchange...
Persistent link: https://www.econbiz.de/10013022271
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Cross-Border Banking and the Circumvention of Macroprudential and Capital Control Measures
Cerutti, Eugenio - 2018
We analyze the joint impact of macroprudential and capital control measures on cross-border banking flows, while controlling for multidimensional aspects in lender-and-borrower-relationships(e.g., distance, cultural proximity, microprudential regulations). We uncover interesting spillover...
Persistent link: https://www.econbiz.de/10012907951
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Cross-Border Central Bank Digital Currencies, Bank Runs and Capital Flows Volatility
Popescu, Adina - 2022
Central banks around the world are increasingly exploring central bank digital currencies (CBDCs). This paper … as an international safe asset may increase the risk of financial disintermediation in the domestic banking sector, which …
Persistent link: https://www.econbiz.de/10013406748
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Dampening Global Financial Shocks : Can Macroprudential Regulation Help (More than Capital Controls)?
Bergant, Katharina - 2020
We show that macroprudential regulation can considerably dampen the impact of globalfinancial shocks on emerging … markets. More specifically, a tighter level of regulation reducesthe sensitivity of GDP growth to VIX movements and capital … andliquidity, foreign currency mismatches, and risky forms of credit. We also find that tightermacroprudential regulation allows …
Persistent link: https://www.econbiz.de/10012828057
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Uphill Capital Flows and the International Monetary System
Csonto, Balazs - 2017
of the international monetary system. This paper examines and quantifies the importance of this transmission channel by …
Persistent link: https://www.econbiz.de/10012948528
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International Capital Flow Pressures
Goldberg, Linda S. - 2018
rate adjustments. The formulation istheory-based, relying on balance of payments equilibrium conditions and international …
Persistent link: https://www.econbiz.de/10012924999
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Global Financial Shocks and Foreign Asset Repatriation : Do Local Investors Play a Stabilizing Role?
Adler, Gustavo - 2014
We study the dynamic response of gross capital flows in emerging market economies to different global financial shocks, using a panel vector-autoregressive (PVAR) setting. Our focus lies primarily on the potentially stabilizing role played by domestic investors in offsetting the response of...
Persistent link: https://www.econbiz.de/10013053960
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Debt Crises and the Development of International Capital Markets
Sy, Amadou - 2021
Crises on external sovereign debt are typically defined as defaults. Such a definition accurately captures debt-servicing difficulties in the 1980s, a period of numerous defaults on bank loans. However, defining defaults as debt crises is problematic for the 1990s, when sovereign bond markets...
Persistent link: https://www.econbiz.de/10013211941