The Missing “Cycle” Part and Other Thoughts on the Global Financial Cycle
The paper studies co-movement in capital flows, which gives rise to a phenomenon dubbed the global financial cycle. It first estimates a global common factor in capital flows using a factor model and draws inferences of its quantitative importance. Then the paper studies the cyclical properties of t...
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| Format: | Article |
| Language: | English |
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National Bank of Ukraine
2020-12-01
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| Series: | Visnyk of the National Bank of Ukraine |
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| Online Access: | http://journal.bank.gov.ua/uploads/articles/250-2.pdf |