Skip to Main Navigation

This paper constructs a new dataset of quarterly capital flows by sector and establishes four facts. First, the co-movement of capital inflows and outflows is driven by banks. Second, procyclicality of capital inflows is driven by banks and corporates, whereas sovereigns' external liabilities move acyclically in advanced and countercyclically in emerging countries. Third, procyclicality of capital outflows is driven by advanced countries' banks and...
See More

DETAILS


Citation

Avdjiev,Stefan; Hardy,Bryan James; Kalemli-Ozcan,Sebnem; Serven,Luis.

Gross capital flows by banks, corporates, and sovereigns (English). Paper is funded by the Knowledge for Change Program (KCP)|Paper is funded by the Strategic Research Program (SRP)|Policy Research working paper|no. WPS 8514 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/277751531244010849

This document is being processed or is not available.