The Influence Factors and International Comparison of Currency Crises under Abnormal Flow of Capital

The paper focused on improving the measurement methods about the scale of international capital flow and putting forward the Comprehensive Measuring Method by which to analyze and compare the abnormal flows of international capital of 11 countries in which currency crises occurred by the empirical tests. In addition, the author studied the influence factors and ways of abnormal flow of capital from three aspects, and tried to provide scientific early-warning tool and countermeasures for preventing currency crises.

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The Influence Factors and International Comparison of Currency Crises under Abnormal Flow of Capital

Finance and Market ◽

10.18686/fm.v3.1075 ◽

2018 ◽

Vol 3 (2) ◽

Author(s):

Yan He

Keyword(s):

International Comparison ◽

Early Warning ◽

Currency Crises ◽

Empirical Test ◽

Influence Factors ◽

Capital Flow ◽

Measurement Methods ◽

International Capital ◽

International Capital Flow

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The Calculation of Chinese Short-Term International Capital Flow: Based on BOP

International Journal of Economics and Finance ◽

10.5539/ijef.v6n8p103 ◽

2014 ◽

Vol 6 (8) ◽

Cited By ~ 1

Author(s):

Gang Shi

Keyword(s):

Capital Flow ◽

International Capital ◽

Short Term ◽

International Capital Flow

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International Capital Flow Contractions, Economic Development Situation and Foreign Economic Policy

2009 International Conference on Computational Intelligence and Software Engineering ◽

10.1109/cise.2009.5363531 ◽

2009 ◽

Author(s):

Yuming Yin ◽

Keqin Ni

Keyword(s):

Economic Policy ◽

Economic Development ◽

Capital Flow ◽

International Capital ◽

Foreign Economic Policy ◽

International Capital Flow

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RE-MEASUREMENT OF SHORT-TERM INTERNATIONAL CAPITAL FLOWS AND ITS APPLICATION: EVIDENCE FROM CHINA

The Singapore Economic Review ◽

10.1142/s0217590818500157 ◽

2018 ◽

pp. 1-21

Author(s):

JUNYI SHI

Keyword(s):

Capital Flows ◽

Direct Method ◽

Capital Flow ◽

International Capital Flows ◽

International Capital ◽

Short Term ◽

Residual Method ◽

Leading Indicator ◽

Cross Correlation Analysis ◽

International Capital Flow

In this paper, we use the improved direct method and improved residual method to re-measure the annual scale and to measure the quarterly scale of the short-term international capital flows based on the Chinese Balance of Payment table. At the same time, we use the residual method to estimate the monthly scale of the Chinese short-term international capital flows as well. Then we explain and test these calculated results. Next we apply the results to the lead–lag analysis of macro-economy. To judge whether the short-term international capital flow is a leading indicator, we apply the Kullback–Leibler information method and cross-correlation analysis method to analyze the lead–lag relationship between the short-term international capital flows and macro-economy by selecting some representative macroeconomic indicators as a reference. Our empirical analysis shows that in China, the short-term international capital flow is a leading indicator to macro-economy and a coincident indicator to Purchasing Managers’ Index. In the end, we give some conclusions and policy proposals.

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