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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP16749 |
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 |
URL | https://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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