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How Trade and Investment Agreements Affect Bilateral Foreign Direct Investment : Results from a Structural Gravity Model

Kox, Henk L.M. - 2020

The paper develops a stand-alone structural gravity model for explaining bilateral FDI patterns. We employ the model to analyse the impact of preferential trade agreements (PTAs), bilateral investment treaties (BITs) and other policies on bilateral foreign direct investment (FDI). We use the...

Persistent link: https://www.econbiz.de/10012827263

America First? A US-centric View of Global Capital Flows

McQuade, Peter - 2019

with those of the rest of the world. We analyse the relative importance of US, country-specific, and global variables as …. Global and national risk indicators perform better in explaining “rest of the world” flows. Moreover, we find that the … correlation between US and rest of the world flows peaks in periods of elevated uncertainty. We interpret our findings as evidence …

Persistent link: https://www.econbiz.de/10012892830

Medium Frequency Cycles, Global Imbalances, and the Puzzles of Open Economy Macroeconomics

Holden, Tom - 2017

This paper examines the ability of the endogenous growth and medium frequency cycle model of Holden (2016) to explain global imbalances and the puzzles of open economy macroeconomics. The model features complete international financial markets, and intrinsically multi-national R&D, yet is still...

Persistent link: https://www.econbiz.de/10012956680

Regulating Capital Flows at Both Ends : Does it Work?

Ghosh, Atish R. - 2014

This paper examines whether cross-border capital flows can be regulated by imposing capital account restrictions (CARs) in both source and recipient countries, as was originally advocated by John Maynard Keynes and Harry Dexter White. To this end, we use data on bilateral cross-border bank flows...

Persistent link: https://www.econbiz.de/10013043719

The IMF and Regulation of Cross-Border Capital Flows

Feibelman, Adam - 2015

This Article examines the International Monetary Fund's recent efforts to play an assertive regulatory role with regard to global capital flows. There is a growing consensus among scholars and policymakers that states must carefully manage capital flows and coordinate their policies for doing...

Persistent link: https://www.econbiz.de/10013031468

Capital Inflows to Emerging Countries and Their Sensitivity to the Global Financial Cycle

Buono, Ines - 2020

We study how the effect of global and domestic factors on capital flows towards emerging economies has changed in the last 25 years. We find that both the global financial crisis and the so-called ‘taper tantrum' event, when investors perceived the end of the US Federal Reserve's...

Persistent link: https://www.econbiz.de/10012832759

Capital flow deflection under the magnifying glass

Gori, Filippo; Lepers, Etienne; Mehigan, Caroline - 2020

In a financially interconnected world, individual countries’ policy choices affect other economies and can become a …

Persistent link: https://www.econbiz.de/10012304410

China as an international lender of last resort

Horn, Sebastian; Parks, Bradley; Reinhart, Carmen M.; … - 2023 - First draft: March 2023

This paper shows that China has launched a new global system for cross-border rescue lending to countries in debt distress. We build the first comprehensive dataset on China’s overseas bailouts between 2000 and 2021 and provide new insights into China’s growing role in the global financial...

Persistent link: https://www.econbiz.de/10014247738

Is Domestic Uncertainty a Local Pull Factor Driving Foreign Capital Inflows? New Cross-Country Evidence

Choi, Sangyup; Ciminelli, Gabriele; Furceri, Davide - 2023

increase in political and economic uncertainty, proxied using the World Uncertainty Index. We focus on bank credit, portfolio …

Persistent link: https://www.econbiz.de/10014254130

Theorizing Backlash : Supranational Governance and International Investment Law and Arbitration in Comparative Perspective

Lindseth, Peter L. - 2020

A revised and updated version of this paper will appear in a forthcoming special issue of the Journal of World …

Persistent link: https://www.econbiz.de/10014103186