Essays on International Capital Flows
نویسنده
چکیده
................................................................................................................... 10 Acknowledgements .................................................................................................. 11 Chapter
منابع مشابه
How do Sudden Stops of Capital Flows Affect Currency Crises in Asia?
Sudden stops can be characterized by sharp reversals in capital inflows, large declines in output, and steep collapses in real asset prices (Mendoza and Smith, 2009). In almost all recent crises, capital account reversals amounting to more than 10% of an afflicted country’s GDP have occurred (Calvo and Reinhart, 1999 and Nabli, 1999). More specifically, reversals in capital flows to emergin...
متن کاملFinancial Development, International Capital Flows, and Aggregate Output
We develop a tractable two-country overlapping-generations model and show that cross-country differences in financial development can explain three recent empirical patterns of international capital flows: Financial capital flows from relatively poor to relatively rich countries, while foreign direct investment flows in the opposite direction; net capital flows go from poor to rich countries; d...
متن کاملDiscussion on “gross capital flows Dynamics and crises” by Broner, Didier, Erce, and Schmukler
International capital flows have always been an important topic in international economics. Capital flows help a country exploit better investment opportunity and smooth consumption. Over the past few years, global current account imbalances have been at the forefront of policy debates. Large amount of research devotes to the study of net capital flows, while fewer works put their focus on gros...
متن کاملFinancial Development, International Captial Flows, and Aggregate Output
We develop a tractable two-country overlapping-generations model and show that cross-country differences in financial development can explain three recent empirical patterns of international capital flows: Financial capital flows from relatively poor to relatively rich countries, while foreign direct investment flows in the opposite direction; net capital flows go from poor to rich countries; d...
متن کاملInternational Capital Flows and World Production Efficiency
We develop a tractable two-country overlapping-generations model with domestic financial frictions and show that cross-country differences in financial development explain three recent empirical patterns of international capital flows. In our model, domestic financial frictions create two distinct distortions on the interest rates and production efficiency in the less financially developed coun...
متن کامل