Broner, Fernando; Didier, Tatiana; Erce, Aitor; … - In: Journal of Monetary Economics 60 (2013) 1, pp. 113-133
This paper analyzes the behavior of international capital flows by foreign and domestic agents, dubbed gross capital flows, over the business cycle and during financial crises. We show that gross capital flows are very large and volatile, especially relative to net capital flows. When foreigners...
