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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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| Publicado no: | MAGKS - Joint Discussion Paper Series in Economics (Band 21-2012) |
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| Principais autores: | , , |
| Formato: | Arbeit |
| Idioma: | inglês |
| Publicado em: |
Philipps-Universität Marburg
2012
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| Assuntos: | |
| Acesso em linha: | Texto Completo em Formato PDF |
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