Showing 1 - 10 of 2,112
Building on the vast literature, this paper focuses on the role of the structure of the international investment position (IIP) in affecting countries' external vulnerabilities. Using a sample of 73 advanced and emerging economies and new database on the IIP's currency composition, we find that...
Persistent link: https://www.econbiz.de/10012517927
This paper focuses on the coordination problem among borrowing countries imposing controls on capital infl ows. In a simple model of capital flows and controls, we show that inflow restrictions distort international capital flows to other countries and that, in turn, such capital flow deflection...
Persistent link: https://www.econbiz.de/10014411429
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/10012252000
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/10012103692
Gaining a better understanding of the behavior of international investors is key for informing the debate about the optimal response to capital flows and about reforms to the international financial architecture. In this context, recent research on the behavior of international mutual funds at...
Persistent link: https://www.econbiz.de/10014400976
This paper creates an index of capital controls to analyze the determinants of capital flows to Brazil, accounting for the endogeneity of capital controls by considering a government that sets controls in response to capital flows. It finds that the government reacts strongly to capital flows by...
Persistent link: https://www.econbiz.de/10014400304
features of their external capital structure in terms of the relative importance of FDI, portfolio equity, and external debt …
Persistent link: https://www.econbiz.de/10014402280
Between 1991 and 1999, capital flows to 25 transition economies in Europe and the former Soviet Union differed widely in terms of overall levels and the share and composition of private flows. With some exceptions (notably Russia), the main form of private inflows was foreign direct investment....
Persistent link: https://www.econbiz.de/10014401373
through large inflows or outflows – are they ‘big fish in a small pond’? Do extreme events in world markets induce extreme …
Persistent link: https://www.econbiz.de/10014395180
constructs a new comprehensive dataset on gross private capital flows with special focus on non-FDI flows in LIDCs. Concentrating … on LIDCs and more specifically on gross non-FDI private flows is intentionally aimed at closing a gap in existing …, it identifies several shifting patterns of gross non-FDI private inflows to LIDCs. A surprising fact emerges: since the …
Persistent link: https://www.econbiz.de/10014412117