What Types of Capital Flows Help Improve International Risk Sharing?

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 i...

Full description

Bibliographic Details
Main Authors:	Islamaj, Ergys, Kose, M. Ayhan
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	CAPITAL FLOWS REMITTANCES AID FLOWS INTERNATIONAL RISK SHARING FINANCIAL MARKETS FOREIGN DIRECT INVESTMENT EQUITY CAPITAL DEBT FLOWS OFFICIAL DEVELOPMENT ASSISTANCE
Online Access:	http://documents.worldbank.org/curated/undefined/227711636987478555/What-Types-of-Capital-Flows-Help-Improve-International-Risk-Sharing http://hdl.handle.net/10986/36599

id	okr-10986-36599
recordtype	oai_dc
spelling	okr-10986-365992021-11-19T05:10:44Z What Types of Capital Flows Help Improve International Risk Sharing? Islamaj, Ergys Kose, M. Ayhan CAPITAL FLOWS REMITTANCES AID FLOWS INTERNATIONAL RISK SHARING FINANCIAL MARKETS FOREIGN DIRECT INVESTMENT EQUITY CAPITAL DEBT FLOWS OFFICIAL DEVELOPMENT ASSISTANCE 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. 2021-11-18T16:19:23Z 2021-11-18T16:19:23Z 2021-11 Working Paper http://documents.worldbank.org/curated/undefined/227711636987478555/What-Types-of-Capital-Flows-Help-Improve-International-Risk-Sharing http://hdl.handle.net/10986/36599 English Policy Research Working Paper;No. 9846 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	CAPITAL FLOWS REMITTANCES AID FLOWS INTERNATIONAL RISK SHARING FINANCIAL MARKETS FOREIGN DIRECT INVESTMENT EQUITY CAPITAL DEBT FLOWS OFFICIAL DEVELOPMENT ASSISTANCE
spellingShingle	CAPITAL FLOWS REMITTANCES AID FLOWS INTERNATIONAL RISK SHARING FINANCIAL MARKETS FOREIGN DIRECT INVESTMENT EQUITY CAPITAL DEBT FLOWS OFFICIAL DEVELOPMENT ASSISTANCE Islamaj, Ergys Kose, M. Ayhan What Types of Capital Flows Help Improve International Risk Sharing?
relation	Policy Research Working Paper;No. 9846
description	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.
format	Working Paper
author	Islamaj, Ergys Kose, M. Ayhan
author_facet	Islamaj, Ergys Kose, M. Ayhan
author_sort	Islamaj, Ergys
title	What Types of Capital Flows Help Improve International Risk Sharing?
title_short	What Types of Capital Flows Help Improve International Risk Sharing?
title_full	What Types of Capital Flows Help Improve International Risk Sharing?
title_fullStr	What Types of Capital Flows Help Improve International Risk Sharing?
title_full_unstemmed	What Types of Capital Flows Help Improve International Risk Sharing?
title_sort	what types of capital flows help improve international risk sharing?
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/undefined/227711636987478555/What-Types-of-Capital-Flows-Help-Improve-International-Risk-Sharing http://hdl.handle.net/10986/36599
_version_	1764485584733077504

What Types of Capital Flows Help Improve International Risk Sharing?

Similar Items