Capital flows—particularly of more volatile types of investment—have the potential to destabilize an emerging economy. On the other hand, economic theory suggests that financial integration provides channels by which macroeconomic volatility might be reduced. This study looks at four emerging economies to test which hypothesis is correct. Generalized impulse-response and variance decomposition analysis shows that the volatility of real consumption shows relatively little response to capital flows, but that FDI reduces output and investment volatility only in a few cases. Non-FDI flows have a stronger but ambiguous influence, reducing real investment volatility for Mexico and South Africa, but increasing it for Brazil and Russia.Capital ...
Most of the emerging market currency crises are accompanied by sharp reversals or “sudden stops ” of...
This paper aims at providing empirical evidence on the effect of capital flows on asset prices inclu...
We investigate whether some types of capital flows are more likely to reverse than others during cur...
This paper analyzes the determinants of the volatility of the various types of capital inflows into ...
This paper analyzes the determinants of the volatility of the various types of capital inflows into ...
This paper analyses volatility, persistence, predictability, correlation, comovement (or contagion r...
The standard deviations of capital flows to emerging countries are 80 percent higher than those to d...
This paper analyses volatility, persistence, predictability, correlation, comovement (or contagion r...
Most of the emerging market currency crises are accompanied by sharp reversals or “sudden stops” of ...
Most of the emerging market currency crises are accompanied by sharp reversals or “sudden stops” of ...
This paper analyzes the determinants of the volatility of different types of capital inflows to emer...
This paper analyzes the determinants of the volatility of different types of capital inflows to emer...
Conventional wisdom is that some capital flows are inherently more volatile than others. However, ou...
This paper analyzes the determinants of the volatility of different types of capital inflows to emer...
This paper analyzes the determinants of the volatility of different types of capital inflows to emer...
Most of the emerging market currency crises are accompanied by sharp reversals or “sudden stops ” of...
This paper aims at providing empirical evidence on the effect of capital flows on asset prices inclu...
We investigate whether some types of capital flows are more likely to reverse than others during cur...
This paper analyzes the determinants of the volatility of the various types of capital inflows into ...
This paper analyzes the determinants of the volatility of the various types of capital inflows into ...
This paper analyses volatility, persistence, predictability, correlation, comovement (or contagion r...
The standard deviations of capital flows to emerging countries are 80 percent higher than those to d...
This paper analyses volatility, persistence, predictability, correlation, comovement (or contagion r...
Most of the emerging market currency crises are accompanied by sharp reversals or “sudden stops” of ...
Most of the emerging market currency crises are accompanied by sharp reversals or “sudden stops” of ...
This paper analyzes the determinants of the volatility of different types of capital inflows to emer...
This paper analyzes the determinants of the volatility of different types of capital inflows to emer...
Conventional wisdom is that some capital flows are inherently more volatile than others. However, ou...
This paper analyzes the determinants of the volatility of different types of capital inflows to emer...
This paper analyzes the determinants of the volatility of different types of capital inflows to emer...
Most of the emerging market currency crises are accompanied by sharp reversals or “sudden stops ” of...
This paper aims at providing empirical evidence on the effect of capital flows on asset prices inclu...
We investigate whether some types of capital flows are more likely to reverse than others during cur...