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systems. -- international financial markets ; financial stability ; capital flows ; exchange rates ; China ; India ; Brazil …, India, Brazil, and South Africa (CIBS). Furthermore, we compare the level of financial stability, and the composition and …This paper discusses the movement of capital flows to and from the exchange rate regimes and monetary policies of China …
Persistent link: https://www.econbiz.de/10003793467
This Article examines the International Monetary Fund's recent efforts to play an assertive regulatory role with regard to global capital flows. There is a growing consensus among scholars and policymakers that states must carefully manage capital flows and coordinate their policies for doing...
Persistent link: https://www.econbiz.de/10013031468
In this paper, we use a unique long-run dataset of regulatory constraints on capital account openness to explain stock market correlations. Since stock returns themselves are highly volatile, any examination of what drives correlations needs to focus on long runs of data. This is particularly...
Persistent link: https://www.econbiz.de/10014353441
In the postglobal financial crisis period, the central banks of the advanced economies pursued unconventional monetary policies, such as the United States (US) Federal Reserve's quantitative easing (QE). Those policies and their unwinding may significantly affect cross-border capital flows and...
Persistent link: https://www.econbiz.de/10011346243
We propose a new strength measure of the global financial cycle by estimating a regimeswitching factor model on cross-border equity flows for 61 countries. We then assess how the strength of the global financial cycle affects monetary policy independence, which is defined as the response of...
Persistent link: https://www.econbiz.de/10012243375
capital inflow management. Tightening of capital inflow restrictions in Brazil, Russia, India, China and South Africa (the …
Persistent link: https://www.econbiz.de/10011372773
peers, China and Brazil, to learn from their respective paths and experiences in similar regard. The paper concludes by … EMEs exploiting the opportunity. India also launched its rupee-denominated bond (masala bond) abroad in 2013, seeking to …
Persistent link: https://www.econbiz.de/10011708308
This paper examines the implications of the liberalization of capital outflows in China, India, Brazil, and South …
Persistent link: https://www.econbiz.de/10003793503
We investigate the importance of a global financial cycle for gross capital inflows based on monthly balance sheet data for Norwegian banks. The VIX index has been interpreted as an "investor fear gauge" and associated with a global financial cycle. This index has also been found to impact real...
Persistent link: https://www.econbiz.de/10012926821
The risk sensitivity of international capital flow pressures is explored using a new Exchange Market Pressure index that combines pressures observed in exchange rate adjustments with model-based estimates of incipient pressures that are masked by foreign exchange interventions and policy rate...
Persistent link: https://www.econbiz.de/10013548958