This paper analyzes the joint behavior of international capital flows by foreign and domestic agents -- gross capital flows -- over the business cycle and during financial crises. The authors show that gross capital flows are very large and volatile, especially relative to net capital flows. When foreigners invest in a country, domestic agents tend to invest abroad, and vice versa. Gross capital flows are also pro-cyclical, with foreigners investing...
Подробнее
ПОДРОБНАЯ ИНФОРМАЦИЯ
-
2011/08/01
-
Рабочий документ в рамках исследования вопросов политики
-
WPS5768
-
1
-
1
-
2011/08/01
-
Disclosed
-
Gross capital flows : dynamics and crises
-
net capital flow
ФАЙЛЫ ДЛЯ СКАЧИВАНИЯ
ПОЛНЫЙ ОТЧЕТ
Официальная версия документа (может содержать подписи, и т.д.)