Purpose The purpose of the paper is to examine macroeconomic and institutional factors that influence capital flows to low-income sub-Saharan African (SSAn) countries. It analyzes capital flows in a disaggregated manner: foreign divert investment, portfolio equity and portfolio debt. There is a...

The capital flows network has changed substantially, bringing new investors and target economies into play. Related, a recent intensification of capital flows to low income countries (LICs) has posed a number of questions. Most importantly, the very nature of those flows and important factors...

We show that sovereign risk premium contains important information about the short run exchange rate dynamics in emerging economies and that net foreign assets play the key role in the link between the two variables: on the one hand, the accumulation of foreign assets reduces the sovereign risk...