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The Macroeconomic Effects of Debt- and Equity-Based Capital Inflows

Davis, Scott - 2015

economic and financial conditions but by conditions in the rest of the world. We then estimate the response to an exogenous …

Persistent link: https://www.econbiz.de/10013031696

Policy Rules for Capital Controls

Pasricha, Gurnain Kaur - 2017

This paper attempts to borrow the tradition of estimating policy reaction functions in monetary policy literature and apply it to capital controls policy literature. Using a novel weekly dataset on capital controls policy actions in 21 emerging economies over the period 1 January 2001 to 31...

Persistent link: https://www.econbiz.de/10012943804

Policy Rules for Capital Controls

Pasricha, Gurnain Kaur - 2017

This paper attempts to bring the tradition of estimating policy reaction functions from monetary policy literature to capital controls policy literature. Using a novel, weekly dataset on capital controls policy actions in 21 emerging economies over the period 1 January 2001 – 31 December 2015,...

Persistent link: https://www.econbiz.de/10012947417

Capital Flows, De Jure vs. De Facto Financial Openness

Bush, G. - 2019

This paper analyzes the relationship between de jure financial openness, and de facto financial openness. I use the Chinn-Ito index to proxy a country's legal arrangements regarding external transactions, and examine its relationship to actual realized international capital flows of various...

Persistent link: https://www.econbiz.de/10012903839

International Capital Liberalization : The Record

Eatwell, John - 1998

. But it is equally true that the foundation stones of the world financial system are the monetary instruments issued by a …. It took the experience of the Depression and of World War II economic management to change the theory. In the same way … been associated with the aftermath of world-wide economic and political disruption …

Persistent link: https://www.econbiz.de/10014060159

The Global Financial Cycle and Capital Flows During the COVID-19 Pandemic

Davis, Scott; Zlate, Andrei - 2022

We estimate the heterogeneous effect of the global financial cycle on exchange rates and cross-border capital flows during the COVID-19 pandemic, using weekly exchange rate and portfolio flow data for a panel of 48 advanced and emerging market economies. We begin by estimating the global...

Persistent link: https://www.econbiz.de/10014084209

Chapter 10. External Adjustment, Global Imbalances, Valuation Effects

Gourinchas, Pierre-Olivier; Rey, Hélène - In: Handbook of international economics : Volume 4, (pp. 585-645). 2014

We provide an overview of the recent developments of the literature on the determinants of long-term capital flows, global imbalances, and valuation effects. We present the main stylized facts of the new international financial landscape in which external balance sheets of countries have grown...

Persistent link: https://www.econbiz.de/10014025376

Asymmetric Demographic Pressure in South-Mediterranean versus North-Mediterranean Economies and Its Impact on International Gross Capital Flows

Peeters, Marga - 2012

According to the life-cycle theory, countries with high and rising youth ratios or high and rising old-age ratios tend to have low savings relative to investment, which depresses their capital outflows. This paper puts life-cycle theory to the test and studies the impact of demographic change on...

Persistent link: https://www.econbiz.de/10013104636

Financial Stability in Emerging Markets – Dealing with Global Liquidity

Volz, Ulrich - 2012

The rapid increase in global liquidity and the large-scale net capital flows to emerging countries have raised serious concerns about adverse effects on the recipient countries; these include the danger of overheating, exchange rate appreciation pressures, inflationary pressure on consumer and...

Persistent link: https://www.econbiz.de/10013107581

Asset Prices, Global Portfolios, and the International Financial System

Sauzet, Maxime - 2021

I adapt the framework of Sauzet (2021) to an international setting to characterize the global solution to the international portfolio problem in full generality, a long-standing open issue in international finance. In this two-country, two-good environment, investors have recursive preferences...

Persistent link: https://www.econbiz.de/10013219750