Joining the Club? Procyclicality of Private Capital Inflows in Low Income Developing Countries:
Using a newly developed dataset this paper examines the cyclicality of private capital inflows to low-income developing countries (LIDCs) over the period 1990-2012. The empirical analysis shows that capital inflows to LIDCs are procyclical, yet considerably less procyclical than flows to more advanc...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2015
|
| Schriftenreihe: | IMF Working Papers: Working Paper No. 15 / 163
|
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
| Zusammenfassung: | Using a newly developed dataset this paper examines the cyclicality of private capital inflows to low-income developing countries (LIDCs) over the period 1990-2012. The empirical analysis shows that capital inflows to LIDCs are procyclical, yet considerably less procyclical than flows to more advanced economies. The analysis also suggests that flows to LIDCs are more persistent than flows to emerging markets (EMs). There is also evidence that changes in risk aversion are a significant correlate of private capital inflows with the expected sign, but LIDCs seem to be less sensitive to changes in global risk aversion than EMs. A host of robustness checks to alternative estimation methods, samples, and control variables confirm the baseline results. In terms of policy implications, these findings suggest that private capital inflows are likely to become more procyclical as LIDCs move along the development path, which could in turn raise several associated policy challenges, not the least concerning the reform of traditional monetary policy frameworks |
| Beschreibung: | 1 Online-Ressource (42 p) |
| ISBN: | 1513508148 9781513508146 |
Internformat
MARC
| LEADER | 00000nmm a2200000 cb4500 | ||
|---|---|---|---|
| 001 | BV048355733 | ||
| 003 | DE-604 | ||
| 005 | 00000000000000.0 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 220713s2015 |||| o||u| ||||||eng d | ||
| 020 | |a 1513508148 |c 18.00 USD |9 1-513-50814-8 | ||
| 020 | |a 9781513508146 |c 18.00 USD |9 978-1-513-50814-6 | ||
| 035 | |a (ZDB-1-IMF)845961055 | ||
| 035 | |a (OCoLC)1337140320 | ||
| 035 | |a (DE-599)BVBBV048355733 | ||
| 040 | |a DE-604 |b ger | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-20 |a DE-824 |a DE-70 |a DE-155 |a DE-29 |a DE-22 |a DE-473 |a DE-1102 |a DE-703 |a DE-859 |a DE-706 |a DE-384 |a DE-860 |a DE-19 |a DE-739 |a DE-355 |a DE-Aug4 |a DE-1049 |a DE-12 |a DE-91 | ||
| 100 | 1 | |a Araujo, Juliana Dutra |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Joining the Club? Procyclicality of Private Capital Inflows in Low Income Developing Countries |c Araujo, Juliana Dutra |
| 264 | 1 | |a Washington, D.C |b International Monetary Fund |c 2015 | |
| 300 | |a 1 Online-Ressource (42 p) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a IMF Working Papers: Working Paper No. 15 / 163 | |
| 520 | 3 | |a Using a newly developed dataset this paper examines the cyclicality of private capital inflows to low-income developing countries (LIDCs) over the period 1990-2012. The empirical analysis shows that capital inflows to LIDCs are procyclical, yet considerably less procyclical than flows to more advanced economies. The analysis also suggests that flows to LIDCs are more persistent than flows to emerging markets (EMs). There is also evidence that changes in risk aversion are a significant correlate of private capital inflows with the expected sign, but LIDCs seem to be less sensitive to changes in global risk aversion than EMs. A host of robustness checks to alternative estimation methods, samples, and control variables confirm the baseline results. In terms of policy implications, these findings suggest that private capital inflows are likely to become more procyclical as LIDCs move along the development path, which could in turn raise several associated policy challenges, not the least concerning the reform of traditional monetary policy frameworks | |
| 533 | |a Online-Ausg | ||
| 700 | 1 | |a David, Antonio |e Sonstige |4 oth | |
| 700 | 1 | |a Papageorgiou, Chris |e Sonstige |4 oth | |
| 700 | 1 | |a van Hombeeck, Carlos |e Sonstige |4 oth | |
| 856 | 4 | 0 | |u http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml |x Verlag |z URL des Erstveröffentlichers |3 Volltext |
| 912 | |a ZDB-1-IMF | ||
| 999 | |a oai:aleph.bib-bvb.de:BVB01-033735000 | ||
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml |l UBW01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml |l UEI01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml |l LCO01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml |l SBR01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml |l UER01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml |l SBG01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml |l UBG01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml |l FAN01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml |l UBT01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml |l FKE01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml |l UBY01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml |l UBA01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml |l FLA01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml |l UBM01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml |l UPA01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml |l UBR01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml |l FHA01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml |l FNU01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml |l BSB01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml |l TUM01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
Datensatz im Suchindex
| _version_ | 1804184214570008576 |
|---|---|
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Araujo, Juliana Dutra |
| author_facet | Araujo, Juliana Dutra |
| author_role | aut |
| author_sort | Araujo, Juliana Dutra |
| author_variant | j d a jd jda |
| building | Verbundindex |
| bvnumber | BV048355733 |
| collection | ZDB-1-IMF |
| ctrlnum | (ZDB-1-IMF)845961055 (OCoLC)1337140320 (DE-599)BVBBV048355733 |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>05695nmm a2200613 cb4500</leader><controlfield tag="001">BV048355733</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">220713s2015 |||| o||u| ||||||eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1513508148</subfield><subfield code="c">18.00 USD</subfield><subfield code="9">1-513-50814-8</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781513508146</subfield><subfield code="c">18.00 USD</subfield><subfield code="9">978-1-513-50814-6</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-IMF)845961055</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1337140320</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV048355733</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-20</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-70</subfield><subfield code="a">DE-155</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-22</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-1102</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-859</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-384</subfield><subfield code="a">DE-860</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-Aug4</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-12</subfield><subfield code="a">DE-91</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Araujo, Juliana Dutra</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Joining the Club? Procyclicality of Private Capital Inflows in Low Income Developing Countries</subfield><subfield code="c">Araujo, Juliana Dutra</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">International Monetary Fund</subfield><subfield code="c">2015</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (42 p)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">IMF Working Papers: Working Paper No. 15 / 163</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">Using a newly developed dataset this paper examines the cyclicality of private capital inflows to low-income developing countries (LIDCs) over the period 1990-2012. The empirical analysis shows that capital inflows to LIDCs are procyclical, yet considerably less procyclical than flows to more advanced economies. The analysis also suggests that flows to LIDCs are more persistent than flows to emerging markets (EMs). There is also evidence that changes in risk aversion are a significant correlate of private capital inflows with the expected sign, but LIDCs seem to be less sensitive to changes in global risk aversion than EMs. A host of robustness checks to alternative estimation methods, samples, and control variables confirm the baseline results. In terms of policy implications, these findings suggest that private capital inflows are likely to become more procyclical as LIDCs move along the development path, which could in turn raise several associated policy challenges, not the least concerning the reform of traditional monetary policy frameworks</subfield></datafield><datafield tag="533" ind1=" " ind2=" "><subfield code="a">Online-Ausg</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">David, Antonio</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Papageorgiou, Chris</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">van Hombeeck, Carlos</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml</subfield><subfield code="x">Verlag</subfield><subfield code="z">URL des Erstveröffentlichers</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-IMF</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033735000</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml</subfield><subfield code="l">UBW01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml</subfield><subfield code="l">UEI01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml</subfield><subfield code="l">LCO01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml</subfield><subfield code="l">SBR01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml</subfield><subfield code="l">UER01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml</subfield><subfield code="l">SBG01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml</subfield><subfield code="l">UBG01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml</subfield><subfield code="l">FAN01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml</subfield><subfield code="l">UBT01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml</subfield><subfield code="l">FKE01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml</subfield><subfield code="l">UBY01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml</subfield><subfield code="l">UBA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml</subfield><subfield code="l">FLA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml</subfield><subfield code="l">UBM01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml</subfield><subfield code="l">UPA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml</subfield><subfield code="l">UBR01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml</subfield><subfield code="l">FHA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml</subfield><subfield code="l">FNU01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml</subfield><subfield code="l">BSB01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml</subfield><subfield code="l">TUM01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield></record></collection> |
| id | DE-604.BV048355733 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:37Z |
| indexdate | 2024-07-10T09:35:47Z |
| institution | BVB |
| isbn | 1513508148 9781513508146 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033735000 |
| oclc_num | 1337140320 |
| open_access_boolean | |
| owner | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
| owner_facet | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
| physical | 1 Online-Ressource (42 p) |
| psigel | ZDB-1-IMF |
| publishDate | 2015 |
| publishDateSearch | 2015 |
| publishDateSort | 2015 |
| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF Working Papers: Working Paper No. 15 / 163 |
| spelling | Araujo, Juliana Dutra Verfasser aut Joining the Club? Procyclicality of Private Capital Inflows in Low Income Developing Countries Araujo, Juliana Dutra Washington, D.C International Monetary Fund 2015 1 Online-Ressource (42 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers: Working Paper No. 15 / 163 Using a newly developed dataset this paper examines the cyclicality of private capital inflows to low-income developing countries (LIDCs) over the period 1990-2012. The empirical analysis shows that capital inflows to LIDCs are procyclical, yet considerably less procyclical than flows to more advanced economies. The analysis also suggests that flows to LIDCs are more persistent than flows to emerging markets (EMs). There is also evidence that changes in risk aversion are a significant correlate of private capital inflows with the expected sign, but LIDCs seem to be less sensitive to changes in global risk aversion than EMs. A host of robustness checks to alternative estimation methods, samples, and control variables confirm the baseline results. In terms of policy implications, these findings suggest that private capital inflows are likely to become more procyclical as LIDCs move along the development path, which could in turn raise several associated policy challenges, not the least concerning the reform of traditional monetary policy frameworks Online-Ausg David, Antonio Sonstige oth Papageorgiou, Chris Sonstige oth van Hombeeck, Carlos Sonstige oth http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Araujo, Juliana Dutra Joining the Club? Procyclicality of Private Capital Inflows in Low Income Developing Countries |
| title | Joining the Club? Procyclicality of Private Capital Inflows in Low Income Developing Countries |
| title_auth | Joining the Club? Procyclicality of Private Capital Inflows in Low Income Developing Countries |
| title_exact_search | Joining the Club? Procyclicality of Private Capital Inflows in Low Income Developing Countries |
| title_exact_search_txtP | Joining the Club? Procyclicality of Private Capital Inflows in Low Income Developing Countries |
| title_full | Joining the Club? Procyclicality of Private Capital Inflows in Low Income Developing Countries Araujo, Juliana Dutra |
| title_fullStr | Joining the Club? Procyclicality of Private Capital Inflows in Low Income Developing Countries Araujo, Juliana Dutra |
| title_full_unstemmed | Joining the Club? Procyclicality of Private Capital Inflows in Low Income Developing Countries Araujo, Juliana Dutra |
| title_short | Joining the Club? Procyclicality of Private Capital Inflows in Low Income Developing Countries |
| title_sort | joining the club procyclicality of private capital inflows in low income developing countries |
| url | http://www.elibrary.imf.org/view/IMF001/22689-9781513508146/22689-9781513508146/22689-9781513508146.xml |
| work_keys_str_mv | AT araujojulianadutra joiningtheclubprocyclicalityofprivatecapitalinflowsinlowincomedevelopingcountries AT davidantonio joiningtheclubprocyclicalityofprivatecapitalinflowsinlowincomedevelopingcountries AT papageorgiouchris joiningtheclubprocyclicalityofprivatecapitalinflowsinlowincomedevelopingcountries AT vanhombeeckcarlos joiningtheclubprocyclicalityofprivatecapitalinflowsinlowincomedevelopingcountries |