全球智库信息集成服务系统(G2TT): Are all types of capital flows driven by the same factors?Evidence from Mexico.

G2TT

来源类型	Other
	Are all types of capital flows driven by the same factors?Evidence from Mexico.
	Raul IR; Téllez-León E
发表日期	2017
出处	Banco de Mexico , Mexico.
出版年	2017
语种	英语
摘要	In this paper we analyze 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, particularly in Mexican public sector securities. 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) ; Risk, Policy and Vulnerability (RPV)
关键词	Capital Flows Push Factors Pull Factors Vector Autoregression
URL	http://pure.iiasa.ac.at/id/eprint/14982/
来源智库	International Institute for Applied Systems Analysis (Austria)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/135771
推荐引用方式 GB/T 7714	Raul IR,Téllez-León E. Are all types of capital flows driven by the same factors?Evidence from Mexico.. 2017.

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