Gross Inflows Gone Wild : Gross Capital Inflows, Credit Booms and Crises

The main goal of the paper is to examine whether surges in private capital inflows lead to credit booms. The authors built a quarterly database on gross capital inflows, credit to the private sector, and other macro-financial indicators for a sampl...

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Bibliographic Details
Main Authors:	Calderon, Cesar, Kubota, Megumi
Format:	Policy Research Working Paper
Language:	English en_US
Published:	2013
Subjects:	ACCOUNTING ADVANCED ECONOMIES AMOUNT OF CREDIT ANNUAL GROWTH ASSET PRICE ASSET PRICE BOOMS ASSET PRICES BALANCE OF PAYMENTS BANK DEPOSITS BANK LENDING BANK LIQUIDATIONS BANK LOANS BANK RESTRUCTURING BANK RUNS BANKING CRISIS BANKING SECTOR BANKING SYSTEM BILATERAL TRADE BOARDS OF DIRECTORS BONDS BUSINESS CYCLE BUSINESS CYCLES CAPITAL FLOW CAPITAL FLOWS CAPITAL INFLOW CAPITAL INFLOWS CAPITAL MARKETS CAPITAL MOBILITY CENTRAL BANK CENTRAL BANKS CLAIM COMPETITIVENESS CONSUMER PRICE INDEX CONSUMPTION SMOOTHING CONTAINING SYSTEMIC RISKS CONTROL VARIABLES CREDIT BOOM CREDIT BOOMS CREDIT GROWTH CREDIT MARKETS CURRENCY CRISIS CURRENT ACCOUNT CURRENT ACCOUNT SURPLUSES CURRENT ACCOUNTS CURRENT PRICES DEBT DEBT CRISIS DEBT LIABILITIES DEBT RATIO DEFICITS DEFLATION DEPENDENT DEPENDENT VARIABLE DEPENDENT VARIABLES DEPOSIT DERIVATIVES DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DISTORTIONS DOMESTIC CREDIT DOMESTIC CURRENCY DOMESTIC ECONOMY DOMESTIC FINANCIAL SYSTEM DOMESTIC FINANCIAL SYSTEMS DOMESTIC INVESTORS ECONOMETRIC ANALYSIS ECONOMETRIC ESTIMATES ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC IMPLICATIONS ECONOMIC PERFORMANCE ECONOMIC SYSTEMS ECONOMIC THEORY EMERGING ECONOMIES EMERGING MARKET ECONOMIES EMERGING MARKETS EMPIRICAL ANALYSIS ERROR TERM EXCHANGE RATE ARRANGEMENT EXCHANGE RATE ARRANGEMENTS EXCHANGE RATE FLEXIBILITY EXCHANGE RATE REGIME EXPECTED RETURNS EXPLANATORY VARIABLES EXTERNAL DEMAND EXTERNAL SHOCKS FINANCIAL CORPORATIONS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL FLOWS FINANCIAL FRAGILITY FINANCIAL INDICATORS FINANCIAL INSTABILITY FINANCIAL INSTITUTIONS FINANCIAL INTEGRATION FINANCIAL INTERMEDIARIES FINANCIAL MARKETS FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FISCAL POLICIES FISCAL POSITIONS FIXED EFFECTS FLEXIBLE EXCHANGE RATE FOREIGN ASSETS FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN INTEREST RATES FOREIGN INVESTORS GDP GENERAL EQUILIBRIUM GLOBAL IMBALANCES GLOBAL LIQUIDITY GLOBALIZATION GROWTH RATE GROWTH RATES HIGH CAPITAL MOBILITY HIGH INFLATION HIGH INFLATION EPISODES HISTORY OF EXCHANGE RATE HOUSING HOUSING PRICES INCOMPLETE MARKETS INDUSTRIAL ECONOMIES INFLATION INFLATION RATE INFLEXIBLE EXCHANGE RATE REGIMES INSURANCE INSURANCE COMPANIES INTEREST RATE INTEREST RATES INTERNATIONAL CAPITAL FLOWS INTERNATIONAL COMPETITIVENESS INTERNATIONAL ECONOMICS INTERNATIONAL FINANCIAL INTEGRATION INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL MACROECONOMICS INVESTMENT INFLOW INVESTMENT INFLOWS LESS DEVELOPED COUNTRIES LEVERAGE LIABILITY LIQUIDITY LIQUIDITY SUPPORT LOAN LOAN MARKETS LOCAL CURRENCY MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMICS MARKET PARTICIPANTS MARKET RATE MISALIGNMENT MISALIGNMENTS MONETARY ANCHOR MONETARY ANCHOR COUNTRY MONETARY AUTHORITY MONETARY POLICIES MONETARY POLICY MONETARY STABILITY MONEY MARKET OVERVALUATION PENSION FUNDS PORTFOLIO PORTFOLIO THEORY PRIVATE CAPITAL PRIVATE CREDIT PRIVATE INFLOWS RANDOM VARIABLE RAPID CREDIT EXPANSION RAPID GROWTH RATE OF GROWTH RATE OF INFLATION REAL APPRECIATION REAL EXCHANGE RATE REAL EXCHANGE RATE MISALIGNMENTS REAL EXCHANGE RATE OVERVALUATION REAL GDP REAL INTEREST RATE RECESSION REGRESSION ANALYSES REGRESSION ANALYSIS REGULATORY FRAMEWORKS RESERVE ASSETS RISK AVERSION RISK PREMIUM SENSITIVITY ANALYSIS SLOWDOWN STANDARD DEVIATION SYSTEMIC BANKING CRISES SYSTEMIC BANKING CRISIS SYSTEMIC CRISIS TIME DEPOSITS TRADE CREDIT TRADE CREDITS TRADE SHOCKS TRADING TRADING PARTNERS TROUGH UNCERTAINTY VOLATILITY VULNERABILITY WEALTH WEIGHTS WORLD DEVELOPMENT INDICATORS WORLD ECONOMY WORLD INTEREST RATE WORLD INTEREST RATES
Online Access:	http://documents.worldbank.org/curated/en/2012/11/16974764/gross-inflows-gone-wild-gross-capital-inflows-credit-booms-crises http://hdl.handle.net/10986/12115

Internet

http://documents.worldbank.org/curated/en/2012/11/16974764/gross-inflows-gone-wild-gross-capital-inflows-credit-booms-crises
http://hdl.handle.net/10986/12115

Gross Inflows Gone Wild : Gross Capital Inflows, Credit Booms and Crises

Internet

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