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Psalida, L. Effie - 2012

liquidity, asks the question whether G-4 liquidity expansion spills over to the rest of the world. The paper finds strong … positive links between G-4 liquidity expansion and asset prices, such as equities, in the liquidity receiving economies, which … indicates that the push factor plays an important role in asset prices. Liquidity also has a strong positive link with the …

Persistent link: https://www.econbiz.de/10013111863

How Do International Financial Flows to Developing Countries Respond to Natural Disasters?

David, Antonio C. - 2011

This paper uses multivariate dynamic panel analysis to examine the response of international financial flows to natural disasters. The models estimated for a large sample of developing countries point to differentiated responses of specific types of financial flows. The results show that...

Persistent link: https://www.econbiz.de/10014178702

The Current Account Income Balance : External Adjustment Channel or Vulnerability Amplifier?

Behar, Alberto; Hassan, Ramin - 2022

In terms of size, the net income balance (IB) is comparable to the trade balance (TB) for many countries. Yet the role of the IB in mitigating external vulnerabilities or complicating external adjustment remains underexplored. This paper studies the role of the IB in stabilizing or destabilizing...

Persistent link: https://www.econbiz.de/10014082657

If the Fed Acts, How Do You React? The Liftoff Effect on Capital Flows

Ahmed Hannan, Swarnali - 2016

After more than six years of ultra-low interest rates, a Fed liftoff (rate hike) is just a matter of time. This paper goes back to history to understand the spillover effect - or what is termed in the paper as the ‘liftoff' effect - of the previous five Fed liftoffs on capital flows. Using a...

Persistent link: https://www.econbiz.de/10012998793

Uphill Capital Flows and the International Monetary System

Csonto, Balazs - 2017

liquidity facilities. Findings show that a policy that reduces the demand for Treasuries by $100 billion would increase yields …

Persistent link: https://www.econbiz.de/10012948528

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 Drivers of Capital Flows in Emerging Markets Post Global Financial Crisis

Ahmed Hannan, Swarnali - 2017

Using a sample of 34 emerging markets and developing economies over the period 2009Q3-2015Q4, the paper employs a panel framework to study the determinants of capital flows, both net and gross, across a wide range of instruments. The baseline regressions are then extended to focus on high and...

Persistent link: https://www.econbiz.de/10012956498

Domestic and Foreign Mutual Funds in Mexico : Do They Behave Differently?

Xiao, Jasmine - 2015

This paper utilizes a new dataset of foreign and domestic mutual funds in Mexico to assess their behavior and obtains three new findings. First, foreign mutual funds are more sensitive to global financial conditions and engage more in herding and positive feedback trading than domestic mutual...

Persistent link: https://www.econbiz.de/10013021778

Motives and Effectiveness of Forex Interventions : Evidence from Peru

Tashu, Melesse Minale - 2015

This paper assesses empirically the motives and effectiveness of forex interventions in Peru. While the central bank of Peru states that its forex interventions aim only at containing excessive exchange rate volatility, the results of this paper show that, in practice, the interventions seem to...

Persistent link: https://www.econbiz.de/10013028689

Foreign Currency Bank Funding and Global Factors

Krogstrup, Signe - 2018

The literature on the drivers of capital flows stresses the prominent role of global financialfactors. Recent empirical work, however, highlights how this role varies across countries andtime, and this heterogeneity is not well understood. We revisit this question by focusing onfinancial...

Persistent link: https://www.econbiz.de/10012913878