The Effect of Capital Flows Composition on Output Volatility

A large literature has argued that different types of capital flows have different consequences for macroeconomic stability. By distinguishing between foreign direct investment and portfolio and other investments, this paper studies the effects of...

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Bibliographic Details
Main Authors:	Federico, Pablo, Vegh, Carlos A., Vuletin, Guillermo
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	ADVANCED ECONOMIES AFFILIATED ORGANIZATIONS AMERICAN DEVELOPMENT BANK BENCHMARK BOND BUDGET CONSTRAINTS CAPITAL ACCOUNT CAPITAL CONTROLS CAPITAL FLOWS CAPITAL INFLOWS CAPITAL STOCK COMMODITY COMMODITY PRICES COST OF CAPITAL COUNTRY RISK CURRENCY DATA AVAILABILITY DEBT DERIVATIVE DERIVATIVES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DISCOUNTED VALUE DIVIDENDS DOMESTIC SAVING DUMMY VARIABLE ECONOMIC GROWTH ECONOMIC INSTABILITY ECONOMIC OUTLOOK ECONOMIC RESEARCH EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET ECONOMIES EMERGING MARKETS EMPIRICAL GROWTH LITERATURE EQUAL SHARE EXPECTED VALUE EXTERNAL FUNDING EXTERNAL SHOCKS FINANCIAL DEREGULATION FISCAL POLICY FOREIGN ASSETS FOREIGN DIRECT INVESTMENT FOREIGN DIRECT INVESTORS FOREIGN INVESTORS FOREIGN OWNERSHIP FORMAL ANALYSIS GOVERNMENT SPENDING HIGHER VOLATILITY HOLDING INCOME INDUSTRIAL COUNTRIES INDUSTRIAL ECONOMIES INSTRUMENT INSTRUMENTAL VARIABLES INSURANCE INTERACTION TERMS INTEREST RATES INTERNATIONAL BANK INTERNATIONAL CAPITAL INTERNATIONAL COUNTRY RISK GUIDE INTERNATIONAL ECONOMICS INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL INVESTORS INTERNATIONAL SETTLEMENTS INVESTMENT RISK LENDERS LOAN LONG-TERM INTEREST LONG-TERM INTEREST RATES MACROECONOMIC POLICIES MACROECONOMIC STABILITY MACROECONOMIC VARIABLES MACROECONOMICS MARGINAL PRODUCTIVITY NATIONAL BANK NET FOREIGN ASSETS OPEN ECONOMY OUTPUT OUTPUT VOLATILITY OVERALL VOLATILITY POLICY RESPONSE PORTFOLIO PORTFOLIO CAPITAL PORTFOLIO DEBT PORTFOLIO INVESTMENT PORTFOLIO THEORY PRIVATE CAPITAL PRIVATE CAPITAL FLOWS PRODUCTION FUNCTION REAL GDP REPAYMENT REPAYMENT OF PRINCIPAL REVIEW OF ECONOMICS RISK SHARING SAVINGS SHORT-TERM BORROWING STANDARD DEVIATION STANDARD ERRORS TRADE CREDITS VOLATILE ECONOMIES VOLATILITIES VOLATILITY VOLATILITY MEASURES WEALTH WORLD MARKET WORLD MARKET INTEGRATION
Online Access:	http://documents.worldbank.org/curated/en/2013/03/17458211/effect-capital-flows-composition-output-volatility http://hdl.handle.net/10986/13184

Internet

http://documents.worldbank.org/curated/en/2013/03/17458211/effect-capital-flows-composition-output-volatility
http://hdl.handle.net/10986/13184

The Effect of Capital Flows Composition on Output Volatility

Internet

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