Series: IMF Working Papers
Author(s): Signe Krogstrup , and Cédric Tille
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 09 May 2018
Keywords: Capital flows, Spillovers, Currency mismatch, push factors, cross-border transmission of shocks, European bank balance sheets, International Lending and Debt Problems, Financial Aspects of Economic Integration
The literature on the drivers of capital flows stresses the prominent role of global financial factors. Recent empirical work, however, highlights how this role varies across countries and time, and this heterogene...