Push factors and capital flows to emerging markets: why knowing your lender matters more than fundamentals

Countries' gross capital inflows are not equally affected by changes in global conditions. Analyzing 21 advanced countries (ACs)and 33 emerging markets (EMs)between 2001 and 2015, we confirm that co-movements in capital inflows are concentrated in bank, portfolio bond, and portfolio equity flow...

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Bibliographic Details
Main Authors: Cerutti, E. (Author), Claessens, S. (Author), Puy, D. (Author)
Format: Article
Language:English
Published: Elsevier B.V. 2019
Subjects:
Online Access:View Fulltext in Publisher