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Growth expectations, capital flows and international risk sharing
Castrén, Olli - 2003
Persistent link: https://www.econbiz.de/10013434573
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Business cycle volatility and globalization : a survey
Buch, Claudia M. - 2002
The globalization of capital and product markets has many implications for economic welfare. Countries can specialize in the production of goods for which they have comparative advantages, and capital is allocated more efficiently. However, one potentially adverse effect of globalization is the...
Persistent link: https://www.econbiz.de/10011474806
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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
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Capital flows to emerging economies and global risk aversion during the COVID-19 pandemic
Alba, Carlos; Cuadra, Gabriel; Hernández, Juan R.; … - 2021
decomposition analysis. The main results indicate that the contribution of global risk aversion to explain the evolution of debt …
Persistent link: https://www.econbiz.de/10012656099
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The Feldstein-Horioka puzzle or paradox after 44 Years : a fallacy of composition
Horioka, Charles - 2024
The finding of Feldstein and Horioka (1980) that domestic saving and domestic investment are highly correlated across countries despite the rapid globalization and liberalization of financial markets in recent decades has been regarded as a Puzzle or Paradox. However, in this paper, we show that...
Persistent link: https://www.econbiz.de/10014530303
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Funding under borrowing limits in international portfolios
Trani, Tommaso - 2012
liability side, allowing investors sell domestic and foreign bonds and capturing changes in counterparty risk in a stylized way … prices are mainly affected by financiers' concern for counterparty risk: impact effects are deep and in line with the terms … cumulative effects have instead more mixed results on fluctuations. -- borrowing limits ; counterparty risk ; financial flows …
Persistent link: https://www.econbiz.de/10009490166
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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
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Emerging from the war : gold standard mentality, current accounts and the international business cycle 1885 - 1939
Hoffmann, Mathias; Woitek, Ulrich - 2011 - This version: December 2011
We study international business cycles and capital flows in the UK, the United States and the Emerging Periphery in the period 1885-1939. Based on the same set of parameters, our model explains current account dynamics under both the Classical Gold Standard and during the Interwar period. We...
Persistent link: https://www.econbiz.de/10009741030
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Trade in secured debt, adjustment in haircuts and international portfolios
Trani, Tommaso - 2011 - This version: October 2011
economy, reflecting borrowers' credit risk. The new analytical results are as follows. First, agents choose endogenously how …' funding. As for portfolios, secured bonds have particularly effective hedging properties in managing the terms of trade risk … source of risk which cannot be internationally diversified. -- financial flows ; borrowing limits ; creditworthiness ; risk …
Persistent link: https://www.econbiz.de/10009349743
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How effective are capital controls in Asia?
Socorro Gochoco-Bautista, Maria; Juthathip Jongwanich; … - 2011 - Rev.
This study examines the effects of capital account restrictions on capital flows in nine Asian economies over the period 1995-2005 using panel regressions with fixed effects. The results show that capital controls significantly affect capital flows when such flows are disaggregated by asset type...
Persistent link: https://www.econbiz.de/10010528529