Capital flow waves—or ripples? Extreme capital flow movements since the crisis

When is FDI a Capital Flow?

In this paper we analyze the conditions under which a foreign direct investment (FDI) involves a net capital flow across countries. Frequently, foreign direct investment is financed in the host country without an international capital movement. We develop a model in which the optimal choice of financing an international investment trades off the relative costs and benefits associated with the a...

Debt Restructuring and Rescue Packages Helped Offset Private Capital Flow Reversals During the Crisis

1999. The pagination here will be different from the final book and there may be other minor editorial changes in the final version which will be available in April 1999.

Changes in capital punishment policy since 1939.

The Relationships among Capital Flow Surges, Reversals and Sudden Stops

We contribute to the growing literature on the behavior of capital flow surges and their relationships with sudden stops and capital flow reversals. We suggest a definition of true sudden stops based on gross foreign flows that is a subset of net capital flow reversals. We find that a majority of surges end in reversals of some type and this percentage is only slightly over half for surges in n...

Where Did Capital Flow? Fifty Years of International Rate of Return Di¤erentials and Capital Flows

World capital ‡ows are substantial. Since 2000, gross world capital ‡ows have averaged about 25 percent of world GDP per year, while net capital ‡ows have been in excess of 4 percent of world GDP. Figure 1 shows these net ‡ows as a fraction of world gross domestic product (GDP) over this period. Robert Lucas (1990) presumed that poor countries would have higher marginal products of capital (MPK...