How Important is the Global Financial Cycle? : Evidence from Capital Flows /

This study quantifies the importance of a Global Financial Cycle (GFCy) for capital flows. We use capital flow data dis-aggregated by direction and type between 1990Q1 and 2015Q5 for 85 countries, and conventional techniques, models and metrics. Since the GFCy is an unobservable concept, we use two...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Cerutti, Eugenio
Weitere Verfasser: Claessens, Stijn, Rose, Andrew
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2017.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2017/193
Online Zugang:Full text available on IMF