This paper assesses the international comovement of gross capital flows in a setting simultaneously encompassing … outflows. The latent factors configure an international financial cycle that closely tracks the trends in a handful of global … international cycle-especially for advanced economies-up to the global financial crisis. Exposure to the cycle is robustly related …

The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 … internationally, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off …

debt and equity, foreign direct investment, and international reserves. The main finding is that global financial … North. By 2018, the South accounted for 24 to 40 percent of international loans and deposits, portfolio investment, and … heavily in these trends, international investment in the rest of the South has increased to a similar extent …

This paper assesses the international comovement of gross capital inflows and outflows using a two-level factor model …, the U.S. real interest rate and real exchange rate, U.S. GDP growth, and world commodity prices) that explain much of the … exhibits a "globalization" stage up to 2007, during which they acquire growing importance, followed by a phase of …