The role of risk and information for international capital flows: new evidence from the SDDS
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, DC
International Monetary Fund
2012
|
| Schriftenreihe: | IMF working paper
no. 12/242 |
| Schlagworte: | |
| Online-Zugang: | FAW01 FAW02 FLA01 |
| Beschreibung: | "October 2012." Includes bibliographical references In this paper we investigate whether better information about the macroeconomic environment of an economy has a positive impact on its capital inflows, namely portfolio and foreign direct investment (FDI). The purpose of our study is to explicitly quantify information asymmetries by compliance with the IMF's Special Data Dissemination Standard (SDDS). For FDI, we find statistically significant and robust support for this hypothesis: SDDS subscription increased inflows by an economically relevant magnitude of about 60 percent. We also find evidence of aversion against political and macroeconomic risk as determinants of portfolio and FDI flows anduse a non-parametric test for spatial correlation in the residual of capital flows |
| Beschreibung: | 43 pages |
| ISBN: | 9781475512656 1475512651 9781475511925 9781475512625 |
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| 100 | 1 | |a Hashimoto, Yuko |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a The role of risk and information for international capital flows |b new evidence from the SDDS |c prepared by Yuko Hashimoto and Konstantin M. Wacker |
| 264 | 1 | |a Washington, DC |b International Monetary Fund |c 2012 | |
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| 490 | 0 | |a IMF working paper |v no. 12/242 | |
| 500 | |a "October 2012." | ||
| 500 | |a Includes bibliographical references | ||
| 500 | |a In this paper we investigate whether better information about the macroeconomic environment of an economy has a positive impact on its capital inflows, namely portfolio and foreign direct investment (FDI). The purpose of our study is to explicitly quantify information asymmetries by compliance with the IMF's Special Data Dissemination Standard (SDDS). For FDI, we find statistically significant and robust support for this hypothesis: SDDS subscription increased inflows by an economically relevant magnitude of about 60 percent. We also find evidence of aversion against political and macroeconomic risk as determinants of portfolio and FDI flows anduse a non-parametric test for spatial correlation in the residual of capital flows | ||
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| 650 | 4 | |a Capital movements | |
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| author | Hashimoto, Yuko |
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| dewey-full | 332.042 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.042 |
| dewey-search | 332.042 |
| dewey-sort | 3332.042 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| id | DE-604.BV043787066 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:35:07Z |
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| isbn | 9781475512656 1475512651 9781475511925 9781475512625 |
| language | English |
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| spelling | Hashimoto, Yuko Verfasser aut The role of risk and information for international capital flows new evidence from the SDDS prepared by Yuko Hashimoto and Konstantin M. Wacker Washington, DC International Monetary Fund 2012 43 pages txt rdacontent c rdamedia cr rdacarrier IMF working paper no. 12/242 "October 2012." Includes bibliographical references In this paper we investigate whether better information about the macroeconomic environment of an economy has a positive impact on its capital inflows, namely portfolio and foreign direct investment (FDI). The purpose of our study is to explicitly quantify information asymmetries by compliance with the IMF's Special Data Dissemination Standard (SDDS). For FDI, we find statistically significant and robust support for this hypothesis: SDDS subscription increased inflows by an economically relevant magnitude of about 60 percent. We also find evidence of aversion against political and macroeconomic risk as determinants of portfolio and FDI flows anduse a non-parametric test for spatial correlation in the residual of capital flows Capital movements fast Macroeconomics fast BUSINESS & ECONOMICS / Finance bisacsh Wirtschaft Capital movements Macroeconomics Wacker, Konstantin M. Sonstige oth |
| spellingShingle | Hashimoto, Yuko The role of risk and information for international capital flows new evidence from the SDDS Capital movements fast Macroeconomics fast BUSINESS & ECONOMICS / Finance bisacsh Wirtschaft Capital movements Macroeconomics |
| title | The role of risk and information for international capital flows new evidence from the SDDS |
| title_auth | The role of risk and information for international capital flows new evidence from the SDDS |
| title_exact_search | The role of risk and information for international capital flows new evidence from the SDDS |
| title_full | The role of risk and information for international capital flows new evidence from the SDDS prepared by Yuko Hashimoto and Konstantin M. Wacker |
| title_fullStr | The role of risk and information for international capital flows new evidence from the SDDS prepared by Yuko Hashimoto and Konstantin M. Wacker |
| title_full_unstemmed | The role of risk and information for international capital flows new evidence from the SDDS prepared by Yuko Hashimoto and Konstantin M. Wacker |
| title_short | The role of risk and information for international capital flows |
| title_sort | the role of risk and information for international capital flows new evidence from the sdds |
| title_sub | new evidence from the SDDS |
| topic | Capital movements fast Macroeconomics fast BUSINESS & ECONOMICS / Finance bisacsh Wirtschaft Capital movements Macroeconomics |
| topic_facet | Capital movements Macroeconomics BUSINESS & ECONOMICS / Finance Wirtschaft |
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