Global Financial Shocks and Foreign Asset Repatriation : Do Local Investors Play a Stabilizing Role? »
Series: IMF Working Papers
Author(s): Gustavo Adler , Marie-Louise Djigbenou , and Sebastian Sosa
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 April 2014
Keywords: gross capital flows, foreign assets, global financial shocks, capital inflows, net capital, net capital flows, capital outflows, General, Open Economy Macroeconomics,
We study the dynamic response of gross capital flows in emerging market economies to different global financial shocks, using a panel vector-autoregressive (PVAR) setting. Our focus lies primarily on the potentiall...