Capital flows
Capital Flows in Asia
... that capital flows to Asia can be characterized as the result of moral ...receive capital which cannot be put into productive use which has long- run returns exceeding the interest rates that are ...
53
Gross capital flows : dynamics and crises
... of capital inflows by foreign agents (CIF) and of capital outflows by domestic agents (COD) for high-income countries on a five-year window around crisis events, controlling for country-trend ...Equity ...
52
Essays on International Capital Flows
... jointly in the literature. Frankel and Saravelos (2010) claim that reserve accumulation and past movements in the real exchange rate were the two leading indicators of the varying incidence of the Global Financial ...
159
Composition of International Capital Flows: A Survey
... international capital flows: foreign direct investment, foreign portfolio investment and debt flows (bank loans and ...in capital markets and exposure to liquidity ...the capital ...
34
Capital Flows and Monetary Policy
... on capital flows in emerging market economies have focused on unan- ticipated capital outflows, the so called “sudden stops” (Calvo, ...of capital outflows, for the same reason that a string ...
38
Managing Capital Flows in the Philippines
... The fiscal situation in the Philippines showed marked improvement during the period 2006– 2008. Moreover, the proposal for fiscal restraint to stem currency appreciation is normally made in the context of a current ...
8
The IMF and the Liberalization of Capital Flows
... the capital account, but that this was done before the countries were ready for capital ...in capital flows, from Honig (2005) to ascertain the dates of financial ...
34
Institutional drivers of capital flows
... that capital flows to poor countries where the marginal rate of return is ...as capital has not moved from rich to poor countries, but within developed countries: this is referred as the Lucas ...
44
Short-Termism and Capital Flows
... corporate capital flows and the financial capacity of ...debt capital inflows, net shareholder payouts by public firms during the period 2005-2014 were only about 22% of their net ...actual ...
37
Gross capital flows: Dynamics and crises
... gross capital flows over the past ...that capital inflows by foreigners and outflows by domestic agents move in ...pour capital into domestic markets, domestic agents increase their ...
48
The cyclical properties of disaggregated capital flows
... disaggregated flows are concerned, we can, instead, tie several of our stylized facts to theoretical ...inward capital flows are generally procyclical, a fact that appears to be driven by generally ...
46
International Capital Flows in Club of Convergence
... On Caballero, Farhi and Gourinchas (2008), the difference on capitalization rate (i.e, the ratio of financial assets over output) across countries determines the patterns of capital flows. Indeed, since ...
22
Capital flows, institutions, and financial fragility
... patterns of the level variables over time. As seen in Table 3 and Figure 1, the domestic macroeconomic and financial variables reflect the economic conditions of Thailand reasonably well. All of them move in an adverse ...
142
Financial Development and Capital Flows: An Application
... on capital flows between the US and China, the calibration exercise that we carry out determines the magnitude of the policy change in China (reflected by increasing δ ...
20
Financial Development and International Capital Flows
... financial capital. Lucas (1990) raises the paradox that too less capital flows into developing ...international capital market (political risk) may explain such a ...to capital ...
31
Demographics and the Anatomy of International Capital Flows
... international capital flows this means that rapidly ageing economies will be characterized by an external surplus and not, as theory would predict an external ...
139
Capital Flows, Capital Account Liberalisation and the Mediterranean Countries
... net capital flows can complicate macroeconomic policy is through their effect on changes in the monetary authorities’ foreign exchange reserve ...between capital flows and changes in reserves ...
59
Capital Heterogeneity, Entrepreneurship, and Two-way Capital Flows
... Two-way Capital Flow Phenomenon in many developing countries where flows of Portfolio Investment and Direct Investment across borders demonstrate opposite ...two-way capital flows. Building ...
6
Chinese Capital Flows and Capital Account Liberalisation
... A second implication is that the composition of China’s net foreign assets may change. Currently, official reserve assets comprise around three-fifths of China’s foreign assets, reflecting many years of foreign reserve ...
10
Essays on international capital flows
... annual capital flows to emerging markets grew more than five- fold, from 200 billion dollars to over one trillion dollars, a level they have maintained for the past two years (WEO, ...new capital ...
115