G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w24400
来源IDWorking Paper 24400
Reach for Yield and Fickle Capital Flows
Ricardo J. Caballero; Alp Simsek
发表日期2018-03-12
出版年2018
语种英语
摘要In Caballero and Simsek (2018), we develop a model of fickle capital flows and show that, when countries are similar, international flows create global liquidity and mitigate crises despite their fickleness. In this paper, we focus on the asymmetric situation of Emerging Markets (EM) exchanging flows with Developed Markets (DM) that feature lower returns but less frequent crises. Relatively high DM returns help to mitigate EM crises, by reducing fickle inflows, and by providing greater liquidity. The situation dramatically changes as the DM returns fall, as this increases the fickle inflows driven by reach for yield and exacerbates EM crises.
主题International Economics ; International Finance ; International Macroeconomics ; Financial Economics ; Financial Markets
URLhttps://www.nber.org/papers/w24400
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/582074
推荐引用方式
GB/T 7714
Ricardo J. Caballero,Alp Simsek. Reach for Yield and Fickle Capital Flows. 2018.
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
w24400.pdf(190KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Ricardo J. Caballero]的文章
[Alp Simsek]的文章
百度学术
百度学术中相似的文章
[Ricardo J. Caballero]的文章
[Alp Simsek]的文章
必应学术
必应学术中相似的文章
[Ricardo J. Caballero]的文章
[Alp Simsek]的文章
相关权益政策
暂无数据
收藏/分享
文件名: w24400.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。