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-type fashion. Regarding push factors, our study focuses on the relative importance of global liquidity and economic policy … and developing economies. Global liquidity, economic policy uncertainty and other risk factors, such as the US yield …
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Recent years have witnessed a change in the composition of capital flows to developing countries, and FDI and equity flows have been playing an increasing role. In this paper we discuss the challenges for international macroeconomics that these developments pose and characterize stylized facts...
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