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On the International Financial Architecture : Insuring Emerging Markets
Caballero, Ricardo J. - 2010
volatility, and discusses steps to facilitate the creation of these markets …
Persistent link: https://www.econbiz.de/10012762843
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Foreign Speculators and Emerging Equity Markets
Bekaert, Geert - 2008
reservations about the impact of foreign speculators on both expectedquot; returns and market volatility. We propose a cross … depositary receipts country funds and other financial instruments, in an extranational market and market volatility in emerging … market returns and the world market return. quot; Our empirical approach is designed to control for other economic events …
Persistent link: https://www.econbiz.de/10012774923
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Domestic and Multilateral Effects of Capital Controls in Emerging Markets
Pasricha, Gurnain Kaur - 2015
Using a novel, high frequency dataset on capital control actions in 16 emerging market economies (EMEs) from 2001 to 2012, we provide new insights into the domestic and multilateral effects of capital controls. Increases in capital account openness reduce monetary policy autonomy and increase...
Persistent link: https://www.econbiz.de/10013030625
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India'S Experience with Capital Flows : The Elusive Quest for a Sustainable Current Account Deficit
Shah, Ajay; Patnaik, Ila - 2021
March 2004, difficulties of pegging appear to have led to a near-tripling of the nominal rupee-dollar returns volatility …
Persistent link: https://www.econbiz.de/10013247425
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The Persistence of Emerging Market Equity Flows
Donohue, Jessica Tjornhom; Froot, Kenneth - 2021
The portfolio flows of institutional investors have been found to be highly persistent across countries and individual investment funds. This paper investigates the source of this persistence in emerging market equities. We employ the decomposition methodology of Froot and Tjornhom (2002), which...
Persistent link: https://www.econbiz.de/10013235592
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Self-Oriented Monetary Policy, Global Financial Markets and Excess Volatility of International Capital Flows
Banerjee, Ryan - 2015
This paper explores the nature of macroeconomic spillovers from advanced economies to emerging market economies (EMEs) and the consequences for independent use of monetary policy in EMEs. We first empirically document the effects of US monetary policy shocks on a sample group of EMEs. A...
Persistent link: https://www.econbiz.de/10013011458
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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 emerging markets using a SIR-multisector-small open economy model and calibrating it to Turkey. Domestic infection rates feed into both sectoral supply and sectoral demand shocks. Sectoral demand shocks also incorporate lower external demand...
Persistent link: https://www.econbiz.de/10012833730
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Capital Flow Waves : Surges, Stops, Flight, and Retrenchment
Forbes, Kristin J. - 2013
different theoretical approaches explaining crises and capital flow volatility …
Persistent link: https://www.econbiz.de/10013092492
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Home Bias in Open Economy Financial Macroeconomics
Coeurdacier, Nicolas - 2011
Home bias is a perennial feature of international capital markets. We review various explanations of this puzzling phenomenon highlighting recent developments in macroeconomic modelling that incorporate international portfolio choices in standard two-country general equilibrium models. We refer...
Persistent link: https://www.econbiz.de/10013117208
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Capital Flows and Economic Growth in the Era of Financial Integration and Crisis, 1990-2010
Aizenman, Joshua - 2011
We investigate the relationship between economic growth and lagged international capital flows, disaggregated into FDI, portfolio investment, equity investment, and short-term debt. We follow about 100 countries during 1990-2010 when emerging markets became more integrated into the international...
Persistent link: https://www.econbiz.de/10013119605