Push Factors and Capital Flows to Emerging Markets : Why Knowing Your Lender Matters More Than Fundamentals »
Series: IMF Working Papers
Author(s): Eugenio Cerutti , Stijn Claessens , and Damien Puy
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 22 June 2015
Keywords: Push factors, global banks, markets, portfolio, Financial Aspects of Economic Integration, Portfolio Choice,
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-m...