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Bond Markets As Conduits for Capital Flows

Bond Markets As Conduits for Capital Flows »

Source: Bond Markets As Conduits for Capital Flows : How Does Asia Compare?

Volume/Issue: 2006/238

Series: IMF Working Papers

Author(s): Pipat Luengnaruemitchai , and Barry Eichengreen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2006

ISBN: 9781451864984

Keywords: cross-border investment, gravity model, bond, bonds, bond transactions, bond returns, Financial Aspects of Economic Integration,

We use data on the extent to which residents of one country hold the bonds of issuers resident in another as a measure of financial integration or interrelatedness, asking how Asia compares with Europe and Latin Am...

Capital Account Liberalization, Capital Flow Patterns, and Policy Responses in the EU's New Member States

Capital Account Liberalization, Capital Flow Patterns, and Policy Responses in the EU's New Member States »

Source: Capital Account Liberalization, Capital Flow Patterns, and Policy Responses in the EU's New Member States

Volume/Issue: 2005/213

Series: IMF Working Papers

Author(s): Zsófia Árvai

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2005

ISBN: 9781451862324

Keywords: EU accession, capital account, capital inflows, current account, Financial Markets and the Macroeconomy, Financial Aspects of Economic Integration,

This paper discusses the experience of the EU's eight new member countries (EU8) between 1995 and 2003 when the bulk of capital account liberalization took place, focusing on interest-rate-sensitive portfolio flows...

Capital Control Measures

Capital Control Measures »

Source: Capital Control Measures : A New Dataset

Volume/Issue: 2015/80

Series: IMF Working Papers

Author(s): Andrés Fernández , Michael Klein , Alessandro Rebucci , Martin Schindler , and Martin Uribe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2015

ISBN: 9781484332177

Keywords: capital control measures, international financial integration, exchange, international capital, investment, monetary fund, General, Financial Aspects of Economic Integration,

This paper presents a new dataset of capital control restrictions on both inflows and outflows of 10 categories of assets for 100 countries over the period 1995 to 2013. Building on the data in Schindler (2009) and...

Current Account Imbalances in the Southern Euro Area

Current Account Imbalances in the Southern Euro Area »

Source: Current Account Imbalances in the Southern Euro Area

Volume/Issue: 2010/139

Series: IMF Working Papers

Author(s): Florence Jaumotte , and Piyaporn Sodsriwiboon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2010

ISBN: 9781455201228

Keywords: financial liberalization, current accounts, current account deficits, current account balance, current account balances, Financial Aspects of Economic Integration,

The paper examines the causes, consequences, and potential cures of the large current account deficits in the Southern Euro Area (SEA). These were mostly driven by a decline in private saving rates. But it was the...

Do Some Forms of Financial Flows Help Protect From Sudden Stops?

Do Some Forms of Financial Flows Help Protect From Sudden Stops? »

Source: Do Some Forms of Financial Flows Help Protect From Sudden Stops?

Volume/Issue: 2006/202

Series: IMF Working Papers

Author(s): Paolo Mauro , and Andrei Levchenko

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2006

ISBN: 9781451864625

Keywords: crises, financial flows, fdi, direct investment, foreign investors, International Monetary Arrangements and Institutions, Financial Aspects of Economic Integration,

There is a debate on whether some forms of financial flows offer better crisis protection than others. Using a large panel of advanced, emerging, and developing countries during 1970-2003, this paper analyzes the b...

FDI Flows to Asia

FDI Flows to Asia »

Source: FDI Flows to Asia : Did the Dragon Crowd Out the Tigers?

Volume/Issue: 2005/189

Series: IMF Working Papers

Author(s): Benoît Mercereau

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2005

ISBN: 9781451862089

Keywords: FDI, diversion, crowding out, bond, direct investment, foreign direct investment, International Economic Order, International Finance: General, Financial Aspects of Economic Integration, Crowding-out,

China's dramatic success in attracting foreign direct investment (FDI) has raised concerns that it has success diverted FDI from other countries in Asia. We develop a new methodology to estimate crowding out, and w...

FDI Spillovers, Financial Markets, and Economic Development

FDI Spillovers, Financial Markets, and Economic Development »

Source: FDI Spillovers, Financial Markets, and Economic Development

Volume/Issue: 2003/186

Series: IMF Working Papers

Author(s): Selin Sayek , Laura Alfaro , Areendam Chanda , and Sebnem Kalemli-Ozcan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2003

ISBN: 9781451859485

Keywords: fdi, financial sector, financial market, foreign capital, Financial Aspects of Economic Integration, Economic Growth of Open Economies,

This paper examines the role financial markets play in the relationship between foreign direct investment (FDI) and economic development. We model an economy with a continuum of agents indexed by their level of abi...

Foreign Direct Investment in Emerging Markets

Foreign Direct Investment in Emerging Markets »

Source: Foreign Direct Investment in Emerging Markets : Income, Repatriations and Financial Vulnerabillities

Volume/Issue: 2002/47

Series: IMF Working Papers

Author(s): Alexander Lehmann

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2002

ISBN: 9781451846652

Keywords: Profitability of Foreign Direct Investment, Cashflows in Multinational Corporations, direct investment, fdi, foreign direct investment, investors, host country, Financial Aspects of Economic Integration, Payout Policy,

Based on U.S. data, the returns on foreign direct investment in emerging markets are shown to be substantially higher than would be suggested by official balance of payments statistics. This paper identifies the de...

How Important is the Global Financial Cycle? Evidence from Capital Flows*

How Important is the Global Financial Cycle? Evidence from Capital Flows* »

Source: How Important is the Global Financial Cycle? Evidence from Capital Flows

Volume/Issue: 2017/193

Series: IMF Working Papers

Author(s): Eugenio Cerutti , Stijn Claessens , and Andrew Rose

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2017

ISBN: 9781484316603

Keywords: Capital flows, Globalization, Monetary policy, Financial cycles, Panel analysis, Cross-country analysis, Capital market volatility, empirical; data; center; country; panel; fit; VIX; equity; bonds; FDI; credit, empirical, data

This study quantifies the importance of a Global Financial Cycle (GFCy) for capital flows. We use capital flow data dis-aggregated by direction and type between 1990Q1 and 2015Q5 for 85 countries, and conventional...

International Mutual Funds, Capital Flow Volatility, and Contagion - A Survey

International Mutual Funds, Capital Flow Volatility, and Contagion - A Survey »

Volume/Issue: 2011/92

Series: IMF Working Papers

Author(s): R. Gelos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2011

DOI: http://dx.doi.org/10.5089/9781455253319.001

ISBN: 9781455253319

Keywords: contagion, institutional investors, investors, foreign investors, hedge, Financial Aspects of Economic Integration,

Gaining a better understanding of the behavior of international investors is key for informing the debate about the optimal response to capital flows and about reforms to the international financial architecture. I...