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Does the real interest parity hypothesis hold? : Evidence for developed and emerging markets

Ferreira, Alex Luiz (contributor); … - 2003 - [Elektronische Ressource]

Evidence is presented on the Real Interest Parity Hypothesis for a set of emerging and developed countries. This is done by carrying out a set of unit-root tests on the real interest differentials with respect to Germany and the US. Our results support the hypothesis of a rapid reversion towards...

Persistent link: https://www.econbiz.de/10001877121

Surging Capital Flows to Emerging Asia : Facts, Impacts, and Responses

Balakrishnan, Ravi - 2012

Net capital flows to emerging Asia rebounded at a record pace following the global financial crisis, raising concerns about overheating and financial stability. This paper documents the size and composition of the most recent surge to Asian emerging markets from a historical perspective and...

Persistent link: https://www.econbiz.de/10013102274

Rethinking Capital Flows for Emerging East Asia

Grenville, Stephen - 2012

Since the 1980s, emerging countries have been urged to welcome foreign capital inflows. The result has often been a pattern of surges, where excessive inflows were followed by damaging 'sudden stops' and reversals. What is needed is a strategy that makes use of the potential benefits of capital...

Persistent link: https://www.econbiz.de/10013104619

Two-Way Capital Flows and Global Imbalances : A Neoclassical Approach

Wen, Yi - 2012

between emerging economies (such as China) and the developed world (such as the United States). We show how underdeveloped …) Global trade imbalances between emerging economies and the developed world are sustainable even in the steady state. (ii … "saving glut" of emerging economies is responsible for the low world interest rate …

Persistent link: https://www.econbiz.de/10013104777

Policy Uncertainty Spillovers to Emerging Markets - Evidence from Capital Flows

Gauvin, Ludovic - 2013

We study the extent to which uncertainty in advanced country macroeconomic policy spills over to emerging markets via portfolio bond and equity flows. We find that increases in US policy uncertainty significantly reduce portfolio bond and equity flows into EMEs. Conversely, increases in EU...

Persistent link: https://www.econbiz.de/10013081171

FDI Flows and Sudden Stops in Small Open Economies

Villalvazo, Sergio - 2020

Balance of payment crises, characterized by Sudden Stops, are not a phenomenon exclusive to emerging economies. This paper identifies 16 and 50 crises in advanced and emerging economies, respectively. Further, decomposing the Financial Account uncovers important differences between both groups...

Persistent link: https://www.econbiz.de/10012839097

Foreign Capital in Latin America : A Long-Run Structural Global VAR Perspective

Boschi, Melisso - 2007

I study the determinants of capital flows to Argentina, Brazil, and Mexico, assessing the relative importance of domestic and global factors. I estimate six VECM models, one for each Latin American country plus the Euro Area, Japan, and USA, and then embed them in a multi-country Global VAR. The...

Persistent link: https://www.econbiz.de/10012728441

Managing the Tide : How Do Emerging Markets Respond to Capital Flows?

Ghosh, Atish R. - 2017

This paper examines whether-and how-emerging market economies (EMEs) respond to capital flows to mitigate their untoward consequences. Based on a sample of about 50 EMEs over 2005Q1-2013Q4, we find that EME policy makers respond proactively to capital inflows by using a combination of policy...

Persistent link: https://www.econbiz.de/10012956376

The Search for Yield and the Size Premium in Emerging Market Corporate Debt

Calomiris, Charles W. - 2018

Emerging market corporations have significantly increased their borrowing in international markets after the global financial crisis. We show that this expansion was led by large-denomination bond issuances (bonds with face values exceeding US$300 million, and often exceeding US$500 million)....

Persistent link: https://www.econbiz.de/10012906397

Capital Inflows — The Good, the Bad and the Bubbly

Hoggarth, Glenn - 2016

Capital inflows come in all shapes and sizes. This paper highlights that equity flows, especially foreign direct investment, are the most stable forms of capital inflows. In contrast, debt inflows from banks particularly in foreign currency are most prone to booms and busts. These flows also...

Persistent link: https://www.econbiz.de/10012979912