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Global Drivers of Gross and Net Capital Flows

Davis, Scott - 2020

While prior to the global financial crisis, the empirical international capital flow literature has focused on net capital flows (the current account), since the crisis there has been an increased focus on gross flows. In this paper we jointly analyze global drivers of gross flows (outflows plus...

Persistent link: https://www.econbiz.de/10012849493

Globalization and the Increasing Correlation between Capital Inflows and Outflows

Davis, Scott; Van Wincoop, Eric - 2022

127 advanced and developing countries. We provide evidence that this is a result of an increase in financial globalization … (stock of external assets and liabilities). This dominates the effect of an increase in trade globalization (exports plus … shocks we show that the theoretical impact of financial and trade globalization on the correlation between capital inflows …

Persistent link: https://www.econbiz.de/10014048618

Financial Globalization, Policy vs. Realized Outcomes

Bush, G. - 2019

This paper examines how the 1990s capital account liberalization policy trend affected international capital flows, and tests a new hypothesis that the depth and efficiency of the domestic financial system impacts the efficacy of capital account policy. The paper exploits a recently published...

Persistent link: https://www.econbiz.de/10012897462

Financial openness, policy vs. realized outcomes

Bush, Georgia - 2018

Persistent link: https://www.econbiz.de/10011817183

The EU's Open Strategic Autonomy from a central banking perspective : challenges to the monetary policy landscape from a changing geopolitical environment

2023

Over the past decade, geopolitical developments - and the policy responses to these by major economies around the world … dimensions such as energy, critical raw materials, food, foreign direct investment and financial market infrastructures. Against …

Persistent link: https://www.econbiz.de/10014248552

Chapter 18. Migration, International Trade, and Capital Formation : Cause or Effect?

Felbermayr, Gabriel; Grossmann, Volker; Kohler, Wilhelm - In: Handbook of the economics of international migration : …, (pp. 913-1025). 2015

In this chapter, we provide an overview of the relationship between international migration and international trade as well as capital movements. We start out by identifying key issues through a brief comparison between modern migration and the mass migration of the nineteenth century, followed...

Persistent link: https://www.econbiz.de/10014025432

Entropy of Global Financial Linkages

Lee, Daeyup - 2015

This paper proposes network entropy as a tool for measuring diversity of highly connected financial networks. The computation of network entropy hinges on eigenvector centrality and Shannon entropy. Two policy-related findings emerge from this research. First, regarding time variation of network...

Persistent link: https://www.econbiz.de/10013026008

On the Global Financial Market Integration ‘Swoosh’ and the Trilemma

Bekaert, Geert - 2019

, which can be computed back to the first era of financial globalization for 17 countries. Global financial market integration … shapes hypothesized in earlier literature. We find no evidence of financial globalization reversing since the Great Recession …

Persistent link: https://www.econbiz.de/10012902397

Frontier-market economies as a new group of the financial periphery : patterns and transmission channels of global shocks

Prates, Daniela Magalhães; Fritz, Barbara; Paula, Luiz … - In: European journal of economics and economic policies : … 20 (2023) 2, pp. 282-298

This paper seeks to fill a gap in the literature on frontier market economies (FMEs) with the following two research questions: (i) Which are the drivers of FMEs' integration into financial globalisation? (ii) What explains the greater vulnerability of FMEs compared to emerging market economies...

Persistent link: https://www.econbiz.de/10014433727

Migration, International Trade and Capital Formation : Cause or Effect?

Felbermayr, Gabriel - 2012

technology, globalization tends to lead to convergence. Moreover, under non-convex technology trade and migration tend to be …

Persistent link: https://www.econbiz.de/10013098128