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Domestic and Foreign Mutual Funds in Mexico : Do They Behave Differently?

Xiao, Jasmine - 2015

This paper utilizes a new dataset of foreign and domestic mutual funds in Mexico to assess their behavior and obtains three new findings. First, foreign mutual funds are more sensitive to global financial conditions and engage more in herding and positive feedback trading than domestic mutual...

Persistent link: https://www.econbiz.de/10013021778

Gross Private Capital Flows to Emerging Markets : Can the Global Financial Cycle Be Tamed?

Nier, Erlend W. - 2014

This paper assesses empirically the key drivers of private capital flows to a large sample of emerging market economies in the last decade. It analyzes the effect of the global financial cycle, measured by the VIX, on capital flows and investigates the role of fundamentals and country...

Persistent link: https://www.econbiz.de/10013043703

COVID-19 and Emerging Markets : An Epidemiological Model with International Production Networks and Capital Flows

Çakmaklı, Cem - 2020

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

Financial Openness and Capital Inflows to Emerging Markets : In Search of Robust Evidence

Cerdeiro, Diego - 2019

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

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

International Capital Flow Pressures

Goldberg, Linda S. - 2018

assetportfolio considerations. Based on the modified exchange market pressure index, the paperalso proposes the Global Risk Response … Index, which reflects the country-specific sensitivityof capital flow pressures to measures of global risk aversion. For a … large sample of countriesover time, we demonstrate time variation in the effects of global risk on exchange marketpressures …

Persistent link: https://www.econbiz.de/10012924999

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

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-country distributional impact of capital account liberalization is context specific and that different types of flows have different distributional effects. Their overall impact depends on...

Persistent link: https://www.econbiz.de/10013243076

Riding Global Financial Waves : The Economic Impact of Global Financial Shocks on Emerging Market Economies

Adler, Gustavo - 2012

integration with the rest of the world, arguably turning these economies more vulnerable to global financial shocks; and an …

Persistent link: https://www.econbiz.de/10013098620

Global Financial Crisis, Financial Contagion, and Emerging Markets

Ozkan, F. Gulcin - 2013

investigate the transmission of a global financial crisis that originates from financial frictions in the rest of the world. We …

Persistent link: https://www.econbiz.de/10013088405

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