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Hot money in bank credit flows to emerging markets during the banking globalization era

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Figure

Table I. Descriptive statistics The table reports minimum, mean, maximum, and standard deviation (S.D.) of CPI-scaled capital flows in US$ millions
Figure I. Evolution of net capital flows
Table II. State-space model for bank credit flows.  For each country, quarterly bank credit flows scaled by CPI scaled are used to estimate the state-space models listed in Appendix D
Table III. State-space model for net equity flows.  For each country, monthly CPI-scaled equity flows are used to estimate the state-space model specifications listed in Appendix D
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