G2TT
来源类型Discussion paper
规范类型论文
来源IDDP16749
DP16749 What Types of Capital Flows Help Improve International Risk Sharing?
Ergys Islamaj; M. Ayhan Kose
发表日期2021-11-22
出版年2021
语种英语
摘要Cross-border capital flows are expected to lead to increased international risk sharing by facilitating borrowing and lending in global financial markets. This paper examines risk-sharing outcomes of various types of capital flows (foreign direct investment, portfolio equity, debt, remittance, and aid flows) in a large sample of emerging market and developing economies. The results suggest that remittances and aid flows are associated with increased international risk sharing. Other types of capital flows are not consistently correlated with better risk-sharing outcomes. These findings are robust to the use of different econometric specifications, country-specific characteristics, and other controls.
主题International Macroeconomics and Finance
关键词Capital flows Remittances Aid flows international risk sharing
URLhttps://cepr.org/publications/dp16749
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/545683
推荐引用方式
GB/T 7714
Ergys Islamaj,M. Ayhan Kose. DP16749 What Types of Capital Flows Help Improve International Risk Sharing?. 2021.
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