What types of capital flows help improve international risk sharing?
نویسندگان
چکیده
Cross-border capital flows are expected to lead increased international risk sharing by facilitating borrowing and lending in global financial markets. We examine outcomes of various types (foreign direct investment, portfolio equity, debt, remittance, aid flows) a large sample emerging market developing economies. Our results suggest that remittances associated with sharing. Other not consistently correlated better outcomes. These findings robust the use different econometric specifications, country-specific characteristics, other controls.
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ژورنال
عنوان ژورنال: Journal of International Money and Finance
سال: 2022
ISSN: ['0261-5606', '1873-0639']
DOI: https://doi.org/10.1016/j.jimonfin.2021.102544