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The Dynamics of International Capital Flows: Results from a Dynamic Hierarchical Factor Model
The present paper examines the degree of comovement of gross capital inflows, which is a highly sensitive issue for policy makers. We estimate a dynamic hierarchical factor model that is able to decompose inflows in a sample of 47 economies into (i) a global factor common to all types of flows a...
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| Gepubliceerd in: | MAGKS - Joint Discussion Paper Series in Economics (Band 21-2012) |
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| Hoofdauteurs: | , , |
| Formaat: | Arbeit |
| Taal: | Engels |
| Gepubliceerd in: |
Philipps-Universität Marburg
2012
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| Onderwerpen: | |
| Online toegang: | PDF Full text |
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