Showing 1 - 10 of 187
We examine how Korea's capital flows and trade have been affected by the quantitative easing (QE) of the United States and the quantitative and qualitative easing (QQME) of Japan. Korea is an intriguing case due to its borderline position between advanced and emerging market country groups, and...
Persistent link: https://www.econbiz.de/10013055255
positive impact on its capital inflows, namely portfolio and foreign direct investment (FDI). The purpose of our study is to …
Persistent link: https://www.econbiz.de/10013098566
Over the past decade, South Africa has attracted relatively little foreign direct investment (FDI), but considerable …
Persistent link: https://www.econbiz.de/10012752467
The COVID-19 pandemic and associated policy responses triggered a historically large wave of capital reallocation between markets and asset classes. Using high-frequency country-level data, this paper examines if and how the number of COVID cases, the stringency of the lockdown, and the fiscal...
Persistent link: https://www.econbiz.de/10013234704
external crisis, while higher levels of foreign-currency-denominated external debt increase the likelihood of sudden stops …. Foreign reserve assets play a mitigating role, although with diminishing returns, and the combination of flow and stock … strong for emerging economies, where the impact of flow and stock imbalances and foreign currency mismatches are larger and …
Persistent link: https://www.econbiz.de/10013243065
more than one third of total foreign holdings as of end-2014. We find that the prominence of these investors declined …
Persistent link: https://www.econbiz.de/10012991431
This paper assesses the implications of Chinese capital account liberalization for capital flows. Stylized facts from capital account liberalization in advanced and large emerging market economies illustrate that capital account liberalization has historically generated large gross capital in-...
Persistent link: https://www.econbiz.de/10013075542
This paper focuses on the coordination problem among borrowing countries imposing controls on capital inflows. In a simple model of capital flows and controls, we show that inflow restrictions distort international capital flows to other countries and that, in turn, such capital flow deflection...
Persistent link: https://www.econbiz.de/10013047976
This study quantifies the importance of a Global Financial Cycle (GFCy) for capital flows. We use capital flow data dis-aggregated by direction and type between 1990Q1 and 2015Q5 for 85 countries, and conventional techniques, models and metrics. Since the GFCy is an unobservable concept, we use...
Persistent link: https://www.econbiz.de/10012927465
volatility in the foreign exchange market and occasional policy responses in the form of foreign exchange interventions. We study …
Persistent link: https://www.econbiz.de/10012843514