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Are capital flows fickle? Increasingly ? and does the answer still depend on type? (English)

According to conventional wisdom, capital flows are fickle. Focusing on emerging markets, this paper asks whether this conventional wisdom still holds in the contemporary world. The results show that, despite recent structural and regulatory changes, much of it survives. FDI inflows are more stable than non-FDI inflows. Within non-FDI inflows, portfolio debt and bank-intermediated flows remain the most volatile. While FDI inflows are driven mainly...
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Eichengreen,Barry J.; Gupta,Poonam - DECOS; Masetti,Oliver.

Are capital flows fickle? Increasingly ? and does the answer still depend on type? (English). Policy Research working paper|no. WPS 7972 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/195801487166902153

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