Official Financial Flows, Capital Mobility, and Global Imbalances /

We use a cross-country panel framework to analyze the effect of net official flows (chiefly foreign exchange intervention) on current accounts. We find that net official flows have a large but plausible effect on current account balances. The estimated effects are larger with instrumental variables...

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Hlavní autor: Bayoumi, Tamim
Další autoři: Gagnon, Joseph, Saborowski, Christian
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2014.
Edice:IMF Working Papers; Working Paper ; No. 2014/199
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On-line přístup:Full text available on IMF