Narrow search
Showing 1 - 10 of 17,063
Cover Image
Risk-On/Risk-Off, Capital Flows, Leverage and Safe Assets
McCauley, Robert Neil Mccauley - In: Journal of Financial Perspectives 1 (2013) 2, pp. 145-154
This paper describes the international flow of funds associated with calm and volatile global equity markets. During calm periods, portfolio investment by real money and leveraged investors in advanced countries flows into emerging markets. When central banks in the receiving countries resist...
Persistent link: https://www.econbiz.de/10010991070
Cover Image
Risk-On/Risk-Off, Capital Flows, Leverage, and Safe Assets
McCauley, Robert N. - Asian Development Bank Institute, Asian Development Bank - 2013
This paper describes the international flow of funds associated with calm and volatile global equity markets. During calm periods, portfolio investment by real money and leveraged investors in advanced countries flows into emerging markets, leading to an asymmetric asset swap (risky emerging...
Persistent link: https://www.econbiz.de/10010840216
Cover Image
Risk-on/risk-off, capital flows, leverage and safe assets
McCauley, Robert N - Bank for International Settlements (BIS) - 2012
This paper describes the international flow of funds associated with calm and volatile global equity markets. During calm periods, portfolio investment by real money and leveraged investors in advanced countries flows into emerging markets. When central banks in the receiving countries resist...
Persistent link: https://www.econbiz.de/10010561144
Cover Image
India's Experience in Navigating the Trilemma: Do Capital Controls Help?
Kohli, R. - Indian Council for Research on International Economic …
Managing capital flows is the key policy challenge for emerging economies like India in the aftermath of the crisis. In contrast to other emerging markets who are levying capital controls, India‘s macro-monetary framework is distinguished by significant restrictions that help manage inflows....
Persistent link: https://www.econbiz.de/10010860105
Cover Image
Comparing U.S. and European Market Volatility Responses to Interest Rate Policy Announcements
Krieger, Kevin; Mauck, Nathan; Vasquez, Joseph - Volkswirtschaftliche Fakultät, … - 2014
We examine the response of U.S. (VIX) and German (VDAX) implied volatility indices to the announcement of interest rate … that VIX declines on FOMC meetings days. We present new findings that indicate that VDAX declines on FOMC meeting days, but … is not related to ECB meeting days. VIX is unrelated to ECB meeting days. Taken collectively, our results indicate a …
Persistent link: https://www.econbiz.de/10011114294
Cover Image
Estimating Capital Flows to Emerging Market Economies with Heterogeneous Panels
A, Hernandez Vega Marco - Banco de México - 2015
Current data provide macroeconomic information for a large number of countries and for a long period of time (macro panels). This causes that in these panels slope heterogeneity and cross-section dependence (CSD) are a rule rather than the exception, leading to fixed effects slope estimators to...
Persistent link: https://www.econbiz.de/10011200025
Cover Image
Global Liquidity and Drivers of Cross-Border Bank Flows
Cerutti, Eugenio; Claessens, Stijn; Ratnovski, Lev - C.E.P.R. Discussion Papers - 2014
liquidity is driven primarily by uncertainty (VIX), US monetary policy (term premia), and UK and Euro Area bank conditions …
Persistent link: https://www.econbiz.de/10011145399
Cover Image
Reducing Inflation in Argentina : Mission Impossible?
Alvarez, Fernando - 2011
Persistent link: https://www.econbiz.de/10012757138
Cover Image
Risk-On/Risk-Off, Capital Flows, Leverage, and Safe Assets
McCauley, Robert N. - East Asian Bureau of Economic Research (EABER) - 2013
This paper describes the international flow of funds associated with calm and volatile global equity markets. During calm periods, portfolio investment by real money and leveraged investors in advanced countries flows into emerging markets. When central banks in the receiving countries...
Persistent link: https://www.econbiz.de/10011278017
Cover Image
Risk-On/Risk-Off, Capital Flows, Leverage, and Safe Assets
McCauley, Robert N. - East Asian Bureau of Economic Research (EABER) - 2013
This paper describes the international flow of funds associated with calm and volatile global equity markets. During calm periods, portfolio investment by real money and leveraged investors in advanced countries flows into emerging markets. When central banks in the receiving countries...
Persistent link: https://www.econbiz.de/10011278112