| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18329 |
| 来源ID | Working Paper 18329 |
| Debt- and Equity-Led Capital Flow Episodes | |
| Kristin J. Forbes; Francis E. Warnock | |
| 发表日期 | 2012-08-17 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | Forbes and Warnock (2012) identify episodes of extreme capital flow movements--surges, stops, flight, and retrenchment--and find that global factors, especially global risk, are significantly associated with extreme capital flow episodes whereas domestic macroeconomic characteristics and capital controls are less important. That analysis leads naturally to the question of which types of capital flows are driving the episodes and if debt- and equity-led episodes differ in material ways. After identifying debt- and equity-led episodes, we find that most episodes of extreme capital flow movements around the world are debt-led and the factors associated with debt-led episodes are similar to the factors behind episodes identified with aggregate capital flow data. In contrast, equity-led episodes are less frequent, more idiosyncratic, and differ in nature from other episodes. |
| 主题 | International Economics ; International Finance ; Financial Economics |
| URL | https://www.nber.org/papers/w18329 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 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/576002 |
| 推荐引用方式 GB/T 7714 | Kristin J. Forbes,Francis E. Warnock. Debt- and Equity-Led Capital Flow Episodes. 2012. |
| 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 | ||
| w18329.pdf（318KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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