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Author : Roland Beck
Release : 2000
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis The Volatility of Capital Flows to Emerging Markets and Financial Services Trade by : Roland Beck
Download or read book The Volatility of Capital Flows to Emerging Markets and Financial Services Trade written by Roland Beck. This book was released on 2000. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Maria Sole Pagliari
Release : 2017-03-07
Genre : Business & Economics
Kind : eBook
Book Rating : 268/5 ( reviews)
Book Synopsis The Volatility of Capital Flows in Emerging Markets by : Maria Sole Pagliari
Download or read book The Volatility of Capital Flows in Emerging Markets written by Maria Sole Pagliari. This book was released on 2017-03-07. Available in PDF, EPUB and Kindle. Book excerpt: Capital flow volatility is a concern for macroeconomic and financial stability. Nonetheless, literature is scarce in this topic. Our paper sheds light on this issue in two dimensions. First, using quarterly data for 65 countries over the period 1970Q1-2016Q1, we construct three measures of volatility, for total capital flows and key instruments. Second, we perform panel regressions to understand the determinants of volatility. The measures show that the volatility of all instruments is prone to bouts, rising sharply during global shocks like the taper tantrum episode. Capital flow volatility thus remains a challenge for policy makers. The regression results suggest that push factors can be more important than pull factors in explaining volatility, illustrating that the characteristics of volatility can be different from those of the flows levels.
Author : Sebastian Edwards
Release : 2008-09-15
Genre : Business & Economics
Kind : eBook
Book Rating : 044/5 ( reviews)
Book Synopsis Financial Markets Volatility and Performance in Emerging Markets by : Sebastian Edwards
Download or read book Financial Markets Volatility and Performance in Emerging Markets written by Sebastian Edwards. This book was released on 2008-09-15. Available in PDF, EPUB and Kindle. Book excerpt: Capital mobility is a double-edged sword for emerging economies, as governments must weigh the benefits of investment against the potential economic costs and political consequences of currency crises, devaluations, and instability. Financial Markets Volatility and Performance in Emerging Markets addresses the delicate balance between capital mobility and capital controls as developing countries navigate the convoluted global network of private investors, hedge funds, large corporations, and international institutions such as the International Monetary Fund. A group of experts here examine rapidly globalizing financial markets with regard to capital flows and crises, domestic credit, international financial integration, and economic policy. Featuring detailed analyses and cross-national comparisons of countries such as Brazil, Argentina, Uruguay, and Korea, this book will shape economists’ and policymakers’ understanding of the effectiveness of restrictions on capital mobility in the world’s most fragile economies.
Author : Mr.R. G Gelos
Release : 2019-12-20
Genre : Business & Economics
Kind : eBook
Book Rating : 906/5 ( reviews)
Book Synopsis Capital Flows at Risk: Taming the Ebbs and Flows by : Mr.R. G Gelos
Download or read book Capital Flows at Risk: Taming the Ebbs and Flows written by Mr.R. G Gelos. This book was released on 2019-12-20. Available in PDF, EPUB and Kindle. Book excerpt: The volatility of capital flows to emerging markets continues to pose challenges to policymakers. In this paper, we propose a new framework to answer critical policy questions: What policies and policy frameworks are most effective in dampening sharp capital flow movements in response to global shocks? What are the near- versus medium-term trade-offs of different policies? We tackle these questions using a quantile regression framework to predict the entire future probability distribution of capital flows to emerging markets, based on current domestic structural characteristics, policies, and global financial conditions. This new approach allows policymakers to quantify capital flows risks and evaluate policy tools to mitigate them, thus building the foundation of a risk management framework for capital flows.
Author : Mr.John C Bluedorn
Release : 2013-08-22
Genre : Business & Economics
Kind : eBook
Book Rating : 042/5 ( reviews)
Book Synopsis Capital Flows are Fickle by : Mr.John C Bluedorn
Download or read book Capital Flows are Fickle written by Mr.John C Bluedorn. This book was released on 2013-08-22. Available in PDF, EPUB and Kindle. Book excerpt: Has the unprecedented financial globalization of recent years changed the behavior of capital flows across countries? Using a newly constructed database of gross and net capital flows since 1980 for a sample of nearly 150 countries, this paper finds that private capital flows are typically volatile for all countries, advanced or emerging, across all points in time. This holds true across most types of flows, including bank, portfolio debt, and equity flows. Advanced economies enjoy a greater substitutability between types of inflows, and complementarity between gross inflows and outflows, than do emerging markets, which reduces the volatility of their total net inflows despite higher volatility of the components. Capital flows also exhibit low persistence, across all economies and across most types of flows. Inflows tend to rise temporarily when global financing conditions are relatively easy. These findings suggest that fickle capital flows are an unavoidable fact of life to which policymakers across all countries need to continue to manage and adapt.
