scholarly journals Non-linear Effects of Monetary Policy on International Capital Flows in Emerging Market Countries

2019 ◽  
Vol 25 (4) ◽  
pp. 27-54
Author(s):  
이명수
Keyword(s):  
Monetary Policy ◽  
Capital Flows ◽  
Emerging Market ◽  
International Capital Flows ◽  
International Capital ◽  
Emerging Market Countries ◽  
Non Linear ◽  
Linear Effects

International Capital Flows and the Independence of China's Monetary Policy

2019 ◽  
Vol 52 (4) ◽  
pp. 300-317
Author(s):  
Yanzhen Wang ◽  
Thomas D. Willett ◽  
Xiumin Li
Keyword(s):  
Monetary Policy ◽  
Capital Flows ◽  
International Capital Flows ◽  
International Capital

Institutional Quality and International Capital Flows to the Emerging Economies

2021 ◽  
Vol 3 (2) ◽  
pp. 166-176
Author(s):  
Muhammad Atiq-ur-Rehman ◽  
Furrukh Bashir ◽  
Muhammad Shahid Maqbool ◽  
Rashid Ahmad ◽  
Saima Liaqat
Keyword(s):  
Panel Data ◽  
Emerging Economies ◽  
Capital Flows ◽  
Emerging Market ◽  
Institutional Quality ◽  
Equity Capital ◽  
International Capital Flows ◽  
International Capital ◽  
Data Set ◽  
Fdi Inflows

The international capital flows and the factors influencing them are imperative in this era of globalization and financial liberalization. This paper empirically examines the role of institutional quality in enticing foreign capital flows in emerging market economies (EMEs). A panel data set for the period 1995-2018 is used for the 24 major EMEs including Argentina, Bangladesh, Brazil, Chile, China, Czech Republic, Greece, Hungary, India, Indonesia, Malaysia, Mexico, Pakistan, Peru, Philippines, Poland, Qatar, Romania, Russia, South Africa, Thailand, Turkey, Ukraine, and Venezuela.  The system GMM estimation technique of dynamic panel data handling developed by Arellano-Bover (1995) and Blundell-Bond (1998) is employed for the estimation. The empirical results reveal that the FDI inflows are positively and significantly affected by the institutional quality, but the portfolio equity capital inflows are not influenced by any indicator of institutional performance. In other words, the Lucas paradox is explained by the institutional quality only in the case of FDI inflows.  The study accomplishes that the policy aiming at attracting FDI flows by improving institutional infrastructure is expedient for the emerging economies.

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