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...

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Bibliografiska uppgifter
Huvudupphovsman: Cerutti, Eugenio
Övriga upphovsmän: Claessens, Stijn, Rose, Andrew
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2017.
Serie:IMF Working Papers; Working Paper ; No. 2017/193
Länkar:Full text available on IMF