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Few months after the onset of the crisis, the flight to safe assets at world level benefited the US treasuries, while the financial deleveraging favored the US dollar. Once the economic and market conditions return to normal, we will see a reversal of these trends (i.e., a weakened dollar and an...
Persistent link: https://www.econbiz.de/10010551979
Purpose – The purpose of this paper is to examine empirical characteristics of two commonly mentioned expressions of international financial crisis, “sudden stops” and currency crises. Design/methodology/approach – Sudden stop and currency crisis events are identified and empirical...
Persistent link: https://www.econbiz.de/10010611023
Purpose - This paper aims to discuss the main characteristics of the Middle East North Africa (MENA) region's capital inflows volatility. It also examines the effect of institutional quality and information availability on capital inflows volatility in selected MENA countries (Bahrain, Egypt,...
Persistent link: https://www.econbiz.de/10015414191
Financial flows to East Asia have changed markedly in size and composition over the last decade. Foreign direct investment now dominates capital inflows with new foreign bank lending and portfolio investment remaining subdued. Foreign direct investment to China has grown rapidly since the early...
Persistent link: https://www.econbiz.de/10010784693
Persistent link: https://www.econbiz.de/10004990393
According to common measures of private capital mobilization, such as the shares of foreign direct and portfolio investment in GDP, many low-income countries perform poorly in attracting private capital flows. However, these indicators do not account for differences in economic characteristics...
Persistent link: https://www.econbiz.de/10015207147
This study examined the determinants of capital flows in Nigeria, using quarterly data that covered the period, 2006 to 2018. The capital flows data include Foreign Direct Investment (FDI), Portfolio Investment (POI) and Other Investment (OTI) Flows. A structural VAR model was used to...
Persistent link: https://www.econbiz.de/10013362920
This study investigated the directional linkages among net foreign portfolio investment volatility, financial deepening and capital market performance in low-income Southern African Development Community (SADC) countries employing a dynamic panel vector error correction model (P-VECM) on...
Persistent link: https://www.econbiz.de/10014477256
This paper investigates how much of the current account adjustment after the global financial crisis in Spain can be explained by cyclical factors. For this purpose, we extend the IMF's external balance assessment methodology to allow for country-specific slopes and intercepts. The good fit of...
Persistent link: https://www.econbiz.de/10014496111
This paper analyses the incidence and severity of sudden stops in euro area countries before and after the introduction of the ECB's asset purchase programmes. We define sudden stops as abrupt declines in private net financial inflows, i.e. total flows adjusted for EU and IMF loans and changes...
Persistent link: https://www.econbiz.de/10014523846