| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27927 |
| 来源ID | Working Paper 27927 |
| Capital Flows in Risky Times: Risk-on\/Risk-off and Emerging Market Tail Risk | |
| Anusha Chari; Karlye Dilts Stedman; Christian Lundblad | |
| 发表日期 | 2020-10-12 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | This paper characterizes the implications of risk-on/risk-off shocks for emerging market capital flows and returns. We document that these shocks have important implications not only for the median of emerging markets flows and returns but also for the left tail. Further, while there are some differences in the effects across bond vs. equity markets and flows vs. asset returns, the effects associated with the worst realizations are generally larger than that on the median realization. We apply our methodology to the COVID-19 shock to examine the pattern of flow and return realizations: the sizable risk-off nature of this shock engenders reactions that reside deep in the left tail of most relevant emerging market quantities. |
| 主题 | International Economics ; International Factor Mobility ; International Finance ; Financial Economics ; Financial Markets ; COVID-19 |
| URL | https://www.nber.org/papers/w27927 |
| 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/585601 |
| 推荐引用方式 GB/T 7714 | Anusha Chari,Karlye Dilts Stedman,Christian Lundblad. Capital Flows in Risky Times: Risk-on\/Risk-off and Emerging Market Tail Risk. 2020. |
| 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 | ||
| w27927.pdf（2531KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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