| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23671 |
| 来源ID | Working Paper 23671 |
| Globalization and the Increasing Correlation between Capital Inflows and Outflows | |
| J. Scott Davis; Eric van Wincoop | |
| 发表日期 | 2017-08-14 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We document that the correlation between capital inflows and outflows has increased substantially over time in a sample of 128 advanced and developing countries. We provide evidence that this is a result of an increase in financial globalization (stock of external assets and liabilities). This dominates the effect of an increase in trade globalization (exports plus imports), which reduces the correlation between capital inflows and outflows. In the context of a two-country model with 14 shocks we show that the theoretical impact of financial and trade globalization on the correlation between capital inflows and outflows is consistent with the data. |
| 主题 | International Economics ; International Finance ; International Macroeconomics |
| URL | https://www.nber.org/papers/w23671 |
| 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/581345 |
| 推荐引用方式 GB/T 7714 | J. Scott Davis,Eric van Wincoop. Globalization and the Increasing Correlation between Capital Inflows and Outflows. 2017. |
| 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 | ||
| w23671.pdf（1255KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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