This paper assesses the international comovement of gross capital inflows and outflows using a two-level factor model. Among advanced and emerging countries, capital flows exhibit strong commonality: common (global and country group-specific) factors account, on average, for close to half of...

Macroeconomic studies of international capital flows have focused on (i) net capital flows across countries, (ii) gross capital flows or (iii) more rarely gross inflows (outflows) computed as the sum of foreign (domestic) acquisitions of domestic (foreign) assets in balance of payments data. In...

Die jüngere deutschsprachige Veröffentlichung des zum Kapitalismuskritiker mutierten Milliardärs (Gründer des Anlegerfonds "Quantum Group") versteht sich als Fortsetzung von "Die Krise des globalen Kapitalismus" (ID 12/99); berücksichtigt werden neuere Entwicklungen (Krise der russischen...

Capital flows from Asia into the US challenge many assumptions of international financial analysis. This book presents a novel geography of these flows, revealing their driving forces and assessing the market mechanisms necessary for a smooth global flow of funds. It is essential for all those...