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Global Liquidity, World Savings Glut and Global Policy Coordination

Belke, Ansgar Hubertus - 2010

The global imbalances of the 2000s and the recent global financial crisis are intimately connected. Both originate in the combination of economic policies adopted by the two key economies, the US and China. Global financial markets served as a transmission belt, both during the boom as during...

Persistent link: https://www.econbiz.de/10013144334

Capital Inflows to Emerging Countries and Their Sensitivity to the Global Financial Cycle

Buono, Ines - 2020

We study how the effect of global and domestic factors on capital flows towards emerging economies has changed in the last 25 years. We find that both the global financial crisis and the so-called ‘taper tantrum' event, when investors perceived the end of the US Federal Reserve's...

Persistent link: https://www.econbiz.de/10012832759

Dilemma and global financial cycle : evidence from capital account liberalisation episodes

Li, Xiang - 2021 - This version: October 2021

provides new evidence on the dilemma and global financial cycle theory. I first identify the capital account liberalisation …

Persistent link: https://www.econbiz.de/10012695669

The financial role of East Asian economies in global imbalances : an econometric assessment of developments after the global financial crisis

I, Hyeon hun; Park, Donghyun - 2013

The central objective of this paper is to empirically assess how global imbalances have evolved since the global financial crisis of 2008/09. More specifically, we examine how the security investment positions of major East Asian economies in United States (US) financial markets - equities,...

Persistent link: https://www.econbiz.de/10010192390

How important are global factors for understanding the dynamics of international capital flows?

Eller, Markus; Huber, Florian; Schuberth, Helene - 2018

We propose a dynamic factor model with time-varying parameters and stochastic volatility to analyze the relationship between global factors and country-specific capital flow dynamics. Studying a global sample of 43 countries from 1994 until 2015, we show that global co-movement of macroeconomic,...

Persistent link: https://www.econbiz.de/10011929696

The 2007-2009 Financial Crisis, Global Imbalances and Capital Flows : Implications for Reform

Kenc, Turalay; Dibooglu, Sel - 2010

context and present evidence regarding the incidence and unit price of risk. Our results show that the unit price of risk … prior to the subprime crisis is comparable to the price of risk prior to the great depression and similar to the price of … risk at onset of the technology bubble. We then discuss global imbalances, the associated risks with regard to …

Persistent link: https://www.econbiz.de/10014197315

Foreign Capital Inflow and Financial Crisis in a Dynamic Model

Basak, Gopal K. - 2016

The paper models foreign capital inflow in a multi-period framework from the developed to the developing countries. The market for foreign loan together with the foreign exchange market simultaneously determines interest rate in the international loan market and the exchange rate. We also derive...

Persistent link: https://www.econbiz.de/10013004405

Domestic and multilateral effects of capital controls in emerging markets

Pasricha, Gurnain Kaur; Falagiarda, Matteo; … - 2015

Using a novel data set on capital control actions in 17 emerging-market economies (EMEs) over the period 2001 - 11, we provide new evidence on domestic and multilateral (or spillover) effects of capital controls. Our results, based on panel vector autoregressions, suggest that capital control...

Persistent link: https://www.econbiz.de/10011372773

Domestic and Multilateral Effects of Capital Controls in Emerging Markets

Pasricha, Gurnain Kaur - 2015

Using a novel dataset on changes in capital controls and currency-based prudential measures in 17 major emerging market economies (EMEs) over the period 2001-2011, this paper provides new evidence on domestic and multilateral (or spillover) effects of capital controls before and after the global...

Persistent link: https://www.econbiz.de/10013016947

Origins and resolution of financial crises : lessons from the current and Northern European crises

Ostrup, Finn; Oxelheim, Lars; Wihlborg, Clas - 2009

Since July 2007 the world economy has experienced a severe financial crisis originating in the U.S. housing market. The crisis has subsequently spread to the financial sectors in European and Asian economies and led to a severe worldwide recession. The existing literature on financial crises...

Persistent link: https://www.econbiz.de/10003843236

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