Global Financial Shocks and Foreign Asset Repatriation : Do Local Investors Play a Stabilizing Role? /

We study the dynamic response of gross capital flows in emerging market economies to different global financial shocks, using a panel vector-autoregressive (PVAR) setting. Our focus lies primarily on the potentially stabilizing role played by domestic investors in offsetting the response of foreign...

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Hlavní autor: Adler, Gustavo
Další autoři: Djigbenou, Marie-Louise, Sosa, Sebastian
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2014.
Edice:IMF Working Papers; Working Paper ; No. 2014/060
On-line přístup:Full text available on IMF