Real Effects of Capital Inflows in Emerging Markets

This book PDF is perfect for those who love Business & Economics genre, written by Ms.Deniz O Igan and published by International Monetary Fund which was released on 06 December 2016 with total hardcover pages 50. You could read this book directly on your devices with pdf, epub and kindle format, check detail and related Real Effects of Capital Inflows in Emerging Markets books below.

Real Effects of Capital Inflows in Emerging Markets
Real Effects of Capital Inflows in Emerging Markets
Author : Ms.Deniz O Igan
File Size : 54,6 Mb
Publisher : International Monetary Fund
Language : English
Release Date : 06 December 2016
ISBN : 9781475558562
Pages : 50 pages
Get Book

Real Effects of Capital Inflows in Emerging Markets by Ms.Deniz O Igan Book PDF Summary

We examine the association between capital inflows and industry growth in a sample of 22 emerging market economies from 1998 to 2010. We expect more external finance dependent industries in countries that host more capital inflows to grow disproportionately faster. This is indeed the case in the pre-crisis period of 1998–2007, and is driven by debt, rather than equity, inflows. We also observe a reduction in output volatility but this association is more pronounced for equity, rather than debt, inflows. These relationships, however, break down during the crisis, hinting at the importance of an undisrupted global financial system for emerging markets to harness the growth benefits of capital inflows. In line with this observation, we also document that the inflows-growth nexus is stronger in countries with well-functioning banks.

Real Effects of Capital Inflows in Emerging Markets

Real Effects of Capital Inflows in Emerging Markets by Ms.Deniz O Igan,Ali M. Kutan,Ali Mirzae

We examine the association between capital inflows and industry growth in a sample of 22 emerging market economies from 1998 to 2010. We expect more external finance dependent industries in countries that host more capital inflows to grow disproportionately faster. This is indeed the case in the pre-crisis period of 1998–2007, and is driven

Get Book
Revisiting the Determinants of Capital Flows to Emerging Markets A Survey of the Evolving Literature

Revisiting the Determinants of Capital Flows to Emerging Markets A Survey of the Evolving Literature by Swarnali Ahmed Hannan

This paper documents the evolution of gross and net capital flows to emerging market economies and surveys the large literature on the potential drivers. While the capital flow landscape has been shaped by the evolution of both global and country-specific factors, the relative importance of these factors has varied over

Get Book
Financial Openness and Capital Inflows to Emerging Markets In Search of Robust Evidence

Financial Openness and Capital Inflows to Emerging Markets In Search of Robust Evidence by Diego A. Cerdeiro,Andras Komaromi

We reassess the connection between capital account openness and capital flows in an empirical framework that is grounded in theory and makes use of previously unexplored variation in the data. We demonstrate how our theory-consistent regressions may overcome some ubiquitous measurement problems in the literature by relying on interaction terms

Get Book
Managing the Tide

Managing the Tide by Mr.Atish R. Ghosh,Mr.Jonathan David Ostry,MissMahvash S Qureshi

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 tools: central banks raise

Get Book
Policy Responses to Capital Flows in Emerging Markets

Policy Responses to Capital Flows in Emerging Markets by Mahmood Pradhan,Mr.Ravi Balakrishnan,Reza Baqir,Mr.Geoffrey Heenan,Sylwia Nowak,Ceyda Oner,Mr.Sanjaya Panth

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This

Get Book
Push Factors and Capital Flows to Emerging Markets

Push Factors and Capital Flows to Emerging Markets by Mr.Eugenio Cerutti,Mr.Stijn Claessens,Mr.Damien Puy

This paper analyzes the behavior of gross capital inflows across 34 emerging markets (EMs). We first confirm that aggregate inflows to EMs co-move considerably. We then report three findings: (i) the aggregate co-movement conceals significant heterogeneity across asset types as only bank-related and portfolio bond and equity inflows do co-move; (ii)

Get Book
The Volatility of Capital Flows in Emerging Markets

The Volatility of Capital Flows in Emerging Markets by Maria Sole Pagliari,Swarnali Ahmed Hannan

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

Get Book
Gross Private Capital Flows to Emerging Markets

Gross Private Capital Flows to Emerging Markets by Erlend Nier,Tahsin Saadi Sedik,Tomas Mondino

This paper assesses empirically the key drivers of private capital flows to a large sample of emerging market economies in the last decade. It analyzes the effect of the global financial cycle, measured by the VIX, on capital flows and investigates the role of fundamentals and country characteristics in mitigating

Get Book