This paper constructs a new dataset of quarterly capital flows by sector and establishes four facts. First, the co-movement of capital inflows and outflows is driven by banks. Second, procyclicality of capital inflows is driven by banks and corporates, whereas sovereigns' external liabilities move acyclically in advanced and countercyclically in emerging countries. Third, procyclicality of capital outflows is driven by advanced countries' banks and...
انظر المزيد
تفاصيل
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2018/7/10
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ورقة عمل خاصة ببحوث السياسات
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WPS8514
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1
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1
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2018/7/10
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Disclosed
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Gross capital flows by banks, corporates, and sovereigns
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portfolio debt
تنزيل الملفات
تقرير كامل
نسخة رسمية من الوثيقة (قد تضم توقيعات، الخ)
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