Net Equity and Debt Flows to Emerging Market and Developing Economies in the Post-Crisis Era
DC Field | Value | Language |
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dc.contributor.author | Pyun, Ju Hyun | - |
dc.date.accessioned | 2021-09-04T05:04:25Z | - |
dc.date.available | 2021-09-04T05:04:25Z | - |
dc.date.created | 2021-06-18 | - |
dc.date.issued | 2016 | - |
dc.identifier.issn | 1540-496X | - |
dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/90175 | - |
dc.description.abstract | We investigate the determinants of net equity and debt flows into 60 emerging and developing countries during 1986-2012, with a special focus on the period following the onset of the global financial crisis (GFC). Our results controlling for endogeneity show that net equity flows to emerging markets were mostly influenced by global risk factors, while net debt flows were affected by country-specific factors. We further distinguish the factors that were more pronounced in determining net portfolio flows to emerging markets since the GFC. The US real interest rate had significant spillover effects on net equity flows after the GFC. An increase in country's domestic credit attracted net debt inflows before the GFC, while it was associated with net equity outflows after the GFC. We also find that capital controls moderated net debt flows since the GFC. | - |
dc.language | English | - |
dc.language.iso | en | - |
dc.publisher | ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD | - |
dc.subject | GLOBAL FINANCIAL CRISIS | - |
dc.subject | CAPITAL FLOWS | - |
dc.subject | DEVELOPING-COUNTRIES | - |
dc.subject | LATIN-AMERICA | - |
dc.subject | INFLOWS | - |
dc.subject | INTEGRATION | - |
dc.subject | SURGES | - |
dc.subject | PULL | - |
dc.subject | PUSH | - |
dc.title | Net Equity and Debt Flows to Emerging Market and Developing Economies in the Post-Crisis Era | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Pyun, Ju Hyun | - |
dc.identifier.doi | 10.1080/1540496X.2016.1162150 | - |
dc.identifier.scopusid | 2-s2.0-84994383193 | - |
dc.identifier.wosid | 000387917000003 | - |
dc.identifier.bibliographicCitation | EMERGING MARKETS FINANCE AND TRADE, v.52, no.11, pp.2473 - 2494 | - |
dc.relation.isPartOf | EMERGING MARKETS FINANCE AND TRADE | - |
dc.citation.title | EMERGING MARKETS FINANCE AND TRADE | - |
dc.citation.volume | 52 | - |
dc.citation.number | 11 | - |
dc.citation.startPage | 2473 | - |
dc.citation.endPage | 2494 | - |
dc.type.rims | ART | - |
dc.type.docType | Article; Proceedings Paper | - |
dc.description.journalClass | 1 | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalResearchArea | International Relations | - |
dc.relation.journalWebOfScienceCategory | Business | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.relation.journalWebOfScienceCategory | International Relations | - |
dc.subject.keywordPlus | GLOBAL FINANCIAL CRISIS | - |
dc.subject.keywordPlus | CAPITAL FLOWS | - |
dc.subject.keywordPlus | DEVELOPING-COUNTRIES | - |
dc.subject.keywordPlus | LATIN-AMERICA | - |
dc.subject.keywordPlus | INFLOWS | - |
dc.subject.keywordPlus | INTEGRATION | - |
dc.subject.keywordPlus | SURGES | - |
dc.subject.keywordPlus | PULL | - |
dc.subject.keywordPlus | PUSH | - |
dc.subject.keywordAuthor | Capital controls | - |
dc.subject.keywordAuthor | emerging markets | - |
dc.subject.keywordAuthor | equity and debt | - |
dc.subject.keywordAuthor | international portfolio flows | - |
dc.subject.keywordAuthor | private domestic credit | - |
dc.subject.keywordAuthor | three-stage least squares | - |
dc.subject.keywordAuthor | US monetary policy | - |
dc.subject.keywordAuthor | F21 | - |
dc.subject.keywordAuthor | F32 | - |
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