Push Factors and Capital Flows to Emerging Markets is popular PDF and ePub book, written by Mr.Eugenio Cerutti in 2015-06-22, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Push Factors and Capital Flows to Emerging Markets can be Read Online from any device for your convenience.
Push Factors and Capital Flows to Emerging Markets Book PDF Summary
This paper analyzes the behavior of gross capital inflows across 34 emerging markets (EMs). We first confirm that aggregate inflows to EMs co-move considerably. We then report three findings: (i) the aggregate co-movement conceals significant heterogeneity across asset types as only bank-related and portfolio bond and equity inflows do co-move; (ii) while global push factors in advanced economies mostly explain the common dynamics, their relative importance varies by type of flow; and (iii) the sensitivity to common dynamics varies significantly across borrower countries, with market structure characteristics (especially the composition of the foreign investor base and the level of liquidity) rather than borrower country’s institutional fundamentals strongly affecting sensitivities. Countries relying more on international funds and global banks are found to be more sensitive to push factors. Our findings suggest that EMs need to closely monitor their lenders and investors to assess their inflow exposures to global push factors.
Detail Book of Push Factors and Capital Flows to Emerging Markets PDF
- Author : Mr.Eugenio Cerutti
- Release : 22 June 2015
- Publisher : International Monetary Fund
- ISBN : 9781513526638
- Genre : Business & Economics
- Total Page : 43 pages
- Language : English
- PDF File Size : 13,5 Mb
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