| 来源类型 | Article |
| 规范类型 | 其他 |
| DOI | 10.1007/s00181-019-01624-5 |
| Are all types of capital flows driven by the same factors? Evidence from Mexico. | |
| Ibarra R; Téllez-León Elizabeth | |
| 发表日期 | 2019 |
| 出处 | Empirical Economics |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | In this paper, we analyse the impact and persistence of shocks to global (push) and domestic (pull) factors on each component of the financial account for the Mexican Balance of Payments, at the highest degree of disaggregation, including investment by foreign residents in Mexican public and private sector securities, as well as investment by domestic residents in foreign securities. To this end, we estimate impulse response functions from vector autoregressive models for the period 1995–2015. We find that an increase in the foreign interest rate leads to lower portfolio investment. An increase in global risk generates lower portfolio investment, particularly in private sector securities. Foreign investors respond to a higher extent to foreign interest rate and liquidity shocks compared to domestic investors. |
| 主题 | Advanced Systems Analysis (ASA) ; Evolution and Ecology (EEP) ; Risk & ; Resilience (RISK) |
| 关键词 | Capital flows, Push factors, Pull factors, Vector autoregression |
| URL | http://pure.iiasa.ac.at/id/eprint/15686/ |
| 来源智库 | International Institute for Applied Systems Analysis (Austria) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/131642 |
| 推荐引用方式 GB/T 7714 | Ibarra R,Téllez-León Elizabeth. Are all types of capital flows driven by the same factors? Evidence from Mexico.. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| Tellez-Leon-Ibarra20（921KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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