Search Results - subject_exact:"Capital mobility"

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Immigration analysis in three countries model

Yamada, Kota; Yasuoka, Masaya - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015616354

The politics of capital mobility in dollarized economies : comparing Ecuador and El Salvador

Silva, Pedro Perfeito da - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015195693

Can small economies act strategically? : the case of consumption pollution and non-tradable goods

Michael, Michael S.; Hatzipanayotou, Panos; Tsakiris, Nikos - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015482910

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Can small economies act strategically? : the case of consumption pollution and non-tradable goods

Michael, Michael S.; Hatzipanayotou, Panos; Tsakiris, Nikos - 2023

Book / Working Paper

Pandemics, capital allocation and structural change

Basco, Sergi; Rosés, Joan R. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015416692

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Pandemics, capital allocation and structural change

Basco, Sergi; Rosés, Joan R. - 2025

Book / Working Paper

The saving-investment relationship re-visited : capital mobility and current account deficit sustainability

Yersh, Valeryia - 2025

The study examines the degree of current account deficit (CAD) sustainability and capital mobility for a panel of 97 countries over the period 1980-2020. To this end, the study adopts a novel interpretation of the Feldstein-Horioka coefficient in the context of CAD sustainability and examines...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015476955

A new modeling approach to help address the trump tariffs

Horioka, Charles; Ford, Nicholas - 2025

In this paper, we show that the existing models and descriptions of the transfer of capital between countries that are provided in international economics are inadequate because they fail to explain the causes of, or the consequences of, persistent trade imbalances and because the assumption...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015633331

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A new modeling approach to help address the Trump tariffs

Horioka, Charles - 2025

Book / Working Paper

New modeling approach to help address the Trump tariffs

Horioka, Yuji; Ford, Nicholas - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015558356

Exchange-rate stability causes deterioration of the productive sphere and destabilizes developing economies

Huerta González, Arturo - 2024

For Matías Vernengo and Esteban Pérez Caldentey (2020), the MMT literature overemphasizes the choice of the exchange rate regime and the relevance of a flexible exchange rate regime, as well as the ultimate effect of that choice upon the policy space. In addition, they argue that the role of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014551300

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Exchange-rate stability causes deterioration of the productive sphere and destabilizes developing economies

Huerta González, Arturo - 2024

Book / Working Paper

Foreign deficit and economic policy : the case of Mexico

Huerta González, Arturo - 2024

The article analyzes Mexico under globalization, particularly on the free mobility of capital. It argues that globalization has detrimentally impacted the productive and external sectors, causing the economy to become excessively reliant on volatile capital inflows from abroad. The Mexican...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014551305

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Foreign deficit and economic policy: The case of Mexico

Huerta González, Arturo - 2024

Book / Working Paper

The euro and saving-investment imbalances over 25 years : the importance of common currency and common markets

Katsimē, Margarita; Smith, Ron; Gylfi Zoega - 2024

The 1992 Maastricht Treaty, laid the foundations for the current European Union with its single market in goods, services, capital and labour and established the framework for the creation of the single currency. We study countries that differ in the extent to which they share a common currency...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015191697

Safe-haven flows into the German bond market and the role of policy disagreement

Röder, Jana; Tillmann, Peter; Winker, Peter; Yun, Jinyeong - 2026

German government debt is considered a safe asset in times of turbulence. We estimate the impact of changes in the risk appetite of global investors on weekly investment fund flows into the German sovereign bond market. Our key contribution is to allow the impact of such shocks to depend on the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015625777

Trade and permanent growth with domestic and foreign capital goods, and international capital movements

Ziesemer, Thomas - 2026

Domestic and foreign capital and consumption goods are imperfect substitutes in production and demand functions of the growth model by Bardhan-Lewis. We extend the model by introducing exogenous technical progress and allow for foreign debt dynamics without dropping domestic capital goods. Trade...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626028

Monetary policy and interest rate volatility : the role of inequality and imperfect credit market

Marjit, Sugata; Mishra, Suryaprakash; Mandal, Sanghita; … - 2026

Inequality of wealth or liquid finance in a system with credit market imperfection adversely affects investment by poor investors. This is well known in the literature. In this paper we prove that the aggregate credit demand function would be relatively inelastic with unequal wealth distribution...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626636

One market, one supervision : rethinking the supervisory landscape for a truly integrated capital market in Europe

Carmassi, Jacopo; Dumora Lemair, Olivier; Evrard, Johanne; … - 2026

This paper provides an evidence-based assessment of the EU supervisory landscape by combining a comprehensive mapping of supervisory models and authorities with an analysis of capital market players across key sectors, including market infrastructures, asset management, and crypto-asset service...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628826

Dollar funding and housing markets : the role of non-US global banks

Ehlers, Torsten; Hoffmann, Mathias; Raabe, Alexander - 2026 - This version: January 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015613799

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Dollar funding and housing markets : the role of non-US global banks

Ehlers, Torsten; Hoffmann, Mathias; Raabe, Alexander - 2025 - This version: October 2025

Edition: This version: October 2025

Book / Working Paper

Regional access to capital and investment finance : summary of results from TPI research programme

McCann, Philip - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015635435

Unbalanced financial globalization

Capelle, Damien; Pellegrino, Bruno - 2026 - Original version: August 2023, this version: January 2026

We use a dynamic spatial general equilibrium model of international investment and production to investigate the real implications of the last five decades of financial globalization. We introduce a wedge accounting framework to estimate country- and time-varying measures of outward and inward...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015605201

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Unbalanced Financial Globalization

Capelle, Damien; Pellegrino, Bruno - 2025

Book / Working Paper

Unbalanced financial globalization

Capelle, Damien; Pellegrino, Bruno - 2025 - This version: August 2025

Edition: This version: August 2025

Book / Working Paper

Unbalanced financial globalization

Capelle, Damien; Pellegrino, Bruno - 2023

Book / Working Paper

Unbalanced financial globalization

Capelle, Damien; Pellegrino, Bruno - 2025 - This version: June 2025

Edition: This version: June 2025

Book / Working Paper

Climate Change Policies and FDI Flows

Koç, Ayşe Sıla; Çerçil, İrfan - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015606707

The need for a new policy approach to European capital flows

Nielsen, Erik F. - 2026

The ruptured geopolitical world has accentuated the urgency for Europe to strengthen its economy through productivity-enhancing investment, including in new technologies and defence. The roadmap is laid out in the Draghi and Letta reports, but additional new aspects have been added because of US...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015608697

Public capital stocks in dynamic fiscal competition

Pieretti, Patrice; Pulina, Giuseppe; Zou, Benteng - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015611088

Beyond Binary : A Policy-Intensity Measure of Capital Flow Management

Li, Wenjie - 2026

This paper introduces the FinOpen index, a novel measure of capital flow management for 193 countries from 1996 to 2022. Using information from the IMF’s Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER), the index is constructed by estimating the level of openness...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015612667

Motivating Capital Controls : Evidence from New Measures of Capital Flow Restrictions

Baba, Chikako - 2026

Countries implement and liberalize capital controls opportunistically. To show this point, this paper introduces two novel indices—the Financial Account Restrictiveness Index (FARI) and the AREAER Change Index (ACI)—to measure and track capital flow restrictions across 190 countries...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015612668

The role of investor composition in sovereign bond pricing : evidence from an emerging market

Botero-Ramírez, Oscar - 2026

This paper quantifies how demand and supply shocks transmit to yields in Colombia's sovereign bond market by estimating investor-level demand elasticities and translating them into equilibrium price effects. Using investor-security microdata and two complementary identification strategies, I...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015592495

Capital inflow shocks and convenience yields

Ben Zeev, Nadav; Ben-Ze'ev, Noam; Nathan, Daniel - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015593005

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Capital inflow shocks and convenience yields

Ben Zeev, Nadav; Ben-Ze'ev, Noam; Nathan, Daniel - 2025

Book / Working Paper

Long-run determinants of the net international investment position

Kuziemska-Pawlak, Kamila; Ito, Hiroyuki - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015594842

Pyrrhic diversification : foreign institutional ownership and stock return sensitivity to the global financial cycle

Ambrocio, Gene; Bui, Dien Giau; Hasan, Iftekhar; Lin, … - 2026

We demonstrate that foreign institutional ownership (FIO) is associated with stronger stock return sensitivity to the Global Financial Cycle (GFC), indicating greater global co-movement among stocks selected by FIOs compared to those not selected. We conjecture that this may be because (i) FIOs...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015580296

Do warnings change behavior? : money-laundering, grey-listing by the FATF, and cross-border financial flows

LaGarda, Guillermo; Verastegui, Paulina - 2026

Does Financial Action Task Force (FATF) grey-listing disrupt cross-border financial flows? The answer is not obvious. Grey-listing imposes no formal transaction restrictions, yet it can trigger compliance responses by financial institutions facing heightened regulatory risk and the prospect of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644703

Demographics and international capital flows : an empirical assessment

Zélity, Balázs - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641901

External crisis vulnerability in Latin America and the Caribbean

Cavallo, Eduardo A.; Fernández Arias, Eduardo - 2026

This paper assesses the vulnerability of Latin American and Caribbean (LAC) economies to external crises. It shows that while the average LAC economy has made significant strides to reduce vulnerability to crises to its historical minimum, there is still considerable room for improvement,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015636654

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External crisis vulnerability in Latin America and the Caribbean

Cavallo, Eduardo A.; Fernández Arias, Eduardo - 2023

Book / Working Paper

Reserve requirement ratio and capital flows : a regime-switching DSGE estimation for China

Hu, Ruopu - 2026 - This version: March 31, 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015647392

Cross-regional venture capital flows in Europe : the role of entrepreneurial ecosystems and proximity

Compañó, Ramón; Johanyák, Csaba K.; Testa, Giuseppina; … - 2026

This paper examines whether, and under which conditions, regional entrepreneurial ecosystems mitigate spatial frictions in cross-regional venture capital (VC) investments. Using a dyadic panel of VC flows across 267 European NUTS-2 regions over 2008-2022, we estimate gravity-style regressions...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641938

Macro-financial blind spots in emerging markets : non-bank intermediation, funding liquidity, and the persistence of global shock transmission

Pessoa, Gustavo Henrique Rodrigues; Rochman, Ricardo R. - 2026

Despite significant advances in bank regulation and the widespread adoption of macroprudential frameworks, emerging market economies remain persistently vulnerable to global financial shocks. Episodes such as the Global Financial Crisis, the COVID-19 market turmoil, and recent monetary...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015643130

Financing nature : investment funds and biodiversity risks

Kaat, Daniel Marcel te; Raabe, Alexander - 2026

How do international investors adjust portfolios in response to biodiversity risk? Using monthly data on investment fund portfolios, we show that the 2021 Kunming Declaration led fund managers to reallocate portfolios from high-biodiversity risk countries to less risky ones, while ultimate fund...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015650859

You only live twice : financial inflows and growth in a westward-facing Ukraine

Gorodnichenko, Yuriy; Obstfeld, Maurice - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015588475

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You only live twice: financial inflows and growth in a westward-facing Ukraine

Gorodnichenko, Yuriy; Obstfeld, Maurice - 2026

Book / Working Paper

From coins to cays

Langenmayr, Dominika; Streich, David J. - 2026

We provide evidence that individuals use cryptocurrencies to channel funds into and out of tax havens. Exploiting the Panama Papers (2016) and Paradise Papers (2017) leaks as shocks to offshore detection risk, we compare prices of cryptocurrency-fiat pairs involving Singapore and Hong Kong...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654759

Tariffs and capital flows

Marjit, Sugata; Das, Gouranga Gopal; Kar, Mausumi; Kar, … - 2026 - Work in progress draft version 4 [May 2026]

This paper analytically explores how FDI are affected by Tariffs as President Trump has imposed retaliatory tariffs on countries which have trade surplus with US and declared this as a strategy to attract tariff jumping FDI into US.. Our motivational empirical results show that with greater...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651687

Industrial policies, global imbalances and technological hegemony

Cesa-Bianchi, Ambrogio; Ferrero, Andrea; Fornaro, Luca; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015655753

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Industrial policies, global imbalances and technological hegemony

Cesa-Bianchi, Ambrogio; Ferrero, Andrea; Fornaro, Luca; … - 2026

Book / Working Paper

Patterns and determinants of global cryptocurrency flows

Friedrich, Christian; Zhao, Laura - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644837

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Patterns and determinants of global cryptocurrency flows

Friedrich, Christian; Zhao, Laura - 2026 - Last updated: May 7, 2026

Edition: Last updated: May 7, 2026

Book / Working Paper

The dynamic association of economic policy uncertainty, short-term cross-border capital flows and systemic financial risk

Wang, Lu; Wang, Yuting; Zhao, Ziying; Shang, Lin; Wang, … - 2026

The global economic landscape has become increasingly volatile, as rising economic policy uncertainty (EPU) and frequent abnormal fluctuations in short-term cross-border capital flows (SCF) can easily trigger systemic financial risks (SFR). Clarifying the dynamic relationships among these three...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015653612

The micro and macro dynamics of capital flows

Saffie, Felipe; Varela, Liliana; Yi, Kei-mu - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015657381

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The micro and macro dynamics of capital flows

Saffie, Felipe; Varela, Liliana; Yi, Kei-mu - 2025

Book / Working Paper

The micro and macro dynamics of capital flows

Saffie, Felipe; Varela, Liliana; Yi, Kei-mu - 2021

Book / Working Paper

The micro and macro dynamics of capital flows

Saffie, Felipe; Varela, Liliana; Yi, Kei-mu - 2020

Book / Working Paper

The micro and macro dynamics of capital flows

Saffie, Felipe; Varela, Liliana; Yi, Kei-mu - 2020 - This revision 07 July 2025

Edition: This revision 07 July 2025

Book / Working Paper

The Micro and Macro Dynamics of Capital Flows

Saffie, Felipe; Varela, Liliana; Yi, Kei-mu - 2022

Book / Working Paper

The Micro and Macro Dynamics of Capital Flows

Saffie, Felipe - 2020

Book / Working Paper

Gold and the external wealth of nations

Bindseil, Ulrich; Daskalova, Svetla; Senner, Richard - 2026 - This version: 30 May 2026

We analyse the portfolio-reallocation incentives faced by NIIP-surplus economies under cross-border seizure risk. Assets, such as gold, can be physically imported and held domestically in contrast to financial claims on other jurisdictions. Gold purchases not only reduce the NIIP but can also...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654167

States as financiers : international lending in war and peace

Horn, Sebastian; Reinhart, Carmen M.; Trebesch, Christoph - 2026

States are major international financiers, but their role is poorly understood. We study state-driven cross-border lending over two centuries using a new database covering 1.2 million official loans and grants by 134 governments and 70 multilateral institutions since 1790. We document a dual,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015664864

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States as financiers : international lending in war and peace

Horn, Sebastian; Reinhart, Carmen M.; Trebesch, Christoph - 2026

Book / Working Paper

Optimum financial areas : retooling the governance of global finance

Underhill, Geoffrey R. D.; Jones, Erik - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014303667

The mirage of mobile capital

Cui, Wei - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015550725

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The Mirage of Mobile Capital

Cui, Wei - 2023

Book / Working Paper

Impacts of cross-border equity portfolio flow and central bank transparency on financial development : the role of economic freedom and international bonds

Kwabi, Frank Obenpong; Wonu, Chizindu; Ezeani, Ernest; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015375257

The impacts of disasters on capital flows, international reserves and exchange rates : implications for public sector financial risk management and development lenders

Lo, Yuen C.; Volz, Ulrich - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015359877

What motives and conditions drive countries to adopt macroprudential and capital management measures?

Nieminen, Mika; Norring, Anni - 2025

Countries choose diverse policy mixes of macroprudential and capital flow management measures, yet the drivers behind these policy choices remain largely unexplored. We identify potential conditions for the adoption and determinants of the use of macroprudential and capital flow management...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015371225

The risk sensitivity of global liquidity flows : heterogeneity, evolution and drivers

Avdjiev, Stefan; Gambacorta, Leonardo; Goldberg, Linda S.; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015580448

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The risk sensitivity of global liquidity flows : heterogeneity, evolution, and drivers

Avdjiev, Stefan; Gambacorta, Leonardo; Goldberg, Linda S.; … - 2025

Book / Working Paper

The risk sensitivity of global liquidity flows : heterogeneity, evolution and drivers

Avdjiev, Stefan; Gambacorta, Leonardo; Goldberg, Linda S.; … - 2025

Book / Working Paper

The risk sensitivity of global liquidity flows : heterogeneity, evolution and drivers

Avdjiev, Stefan; Gambacorta, Leonardo; Goldberg, Linda S.; … - 2025

Book / Working Paper

The risk sensitivity of global liquidity flows : heterogeneity, evolution and drivers

Avdjiev, Stefan; Gambacortav, Leonardo; Goldberg, Linda S. - 2025

Book / Working Paper

The Risk Sensitivity of Global Liquidity Flows : Heterogeneity, Evolution and Drivers

Avdjiev, Stefan; Gambacorta, Leonardo; Goldberg, Linda S.; … - 2025

Book / Working Paper

Empires and globalization

O'Rourke, Kevin Hjortshøj - 2025

The global turn towards the market of the 1980s and 1990s led some to believe that globalization was untethering itself from its political moorings. More recently, however, the combined impact of the China shock, Covid, and war have revealed even to economists what historians and political...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015372559

Global south should aim at a comprehensive package for addressing Illicit Financial Flows

Baruah, Nilimesh - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015211015