Growth from International Capital Flows: The Role of Volatility Regimes

2011 ◽  
Author(s):  
Ashoka Mody ◽  
Antu Panini Murshid
Keyword(s):  
Capital Flows ◽  
International Capital Flows ◽  
International Capital ◽  
Volatility Regimes

scholarly journals Growth From International Capital Flows: The Role of Volatility Regimes

2011 ◽  
Vol 11 (90) ◽  
pp. 1 ◽  
Author(s):  
Antu Panini Murshid ◽  
Ashoka Mody ◽  
◽  
Keyword(s):  
Capital Flows ◽  
International Capital Flows ◽  
International Capital ◽  
Volatility Regimes

scholarly journals Conceptualising the Role of International Capital Flows for Housing Markets

2016 ◽  
Vol 51 (3) ◽  
pp. 146-154
Author(s):  
Michael Richter ◽  
Johannes-Gabriel Werner
Keyword(s):  
Capital Flows ◽  
Housing Markets ◽  
International Capital Flows ◽  
International Capital

THE CHANGING ROLE OF INTERNATIONAL CAPITAL FLOWS*

1963 ◽  
Vol 18 (2) ◽  
pp. 187-210
Author(s):  
Poul Høt-Madsen
Keyword(s):  
Capital Flows ◽  
International Capital Flows ◽  
International Capital ◽  
Changing Role

International capital flows with safe assets accumulation

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ly Dai Hung
Keyword(s):  
Economic Growth ◽  
Open Economy ◽  
Capital Flows ◽  
International Capital Flows ◽  
International Capital ◽  
Productivity Level ◽  
Content Type ◽  
Total Capital ◽  
The Impact

PurposeThe author studies the role of safe assets accumulation in shaping the pattern of international capital flows.Design/methodology/approachThe author combines a theoretical model and the empirical analysis. The model is a two-country open economy, while the evidence is based on a fixed-effect regression on a panel of 19 countries of the eurozone.FindingsIn an open two-country economy, a positive productivity shock raises both mean and variance of wealth accumulation rate, then, leading to a greater holding of safe assets for risk-sharing motivation. Upon financial integration, the shock can induce the outflows of net total capital. The evidence of 19 eurozone countries confirms the theory and also uncovers that the safe assets (bonds) are the dominant driver of cross-border capital flows within the eurozone.Research limitations/implicationsThe model can be extended to account for the impact of safe assets on the economic growth, then, analyzes the role of safe assets within financial globalization. Taking into account the impact of safe assets on the open-economy economic growth can be the next step to approach the issue.Practical implicationsThe paper also provides important policy implication. Since a higher productivity level can raise the outflows of net total capital through the accumulation of foreign safe assets, an economy needs to increase its supply of safe asset along with upgrading its domestic productivity level. This combination is important for the long-run capital accumulation and economic growth of an economy with an increasing path of the productivity level.Originality/valueThe paper seeks a balance between theory and evidence on international capital flows. Moreover, the paper bridges the gap between the literature on international capital flows and the literature on safe assets. And the paper also focuses on the economies of the eurozone.

The Changing Role of International Capital Flows

1963 ◽  
Vol 18 (2) ◽  
pp. 187
Author(s):  
Poul Host-Madsen
Keyword(s):  
Capital Flows ◽  
International Capital Flows ◽  
International Capital ◽  
Changing Role

The role of information for international capital flows: new evidence from the SDDS

2016 ◽  
Vol 152 (3) ◽  
pp. 529-557 ◽  
Author(s):  
Yuko Hashimoto ◽  
K. M. Wacker
Keyword(s):  
Capital Flows ◽  
International Capital Flows ◽  
International Capital ◽  
New Evidence ◽  
Role Of Information
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