IMF Working Papers

Revisiting the Determinants of Capital Flows to Emerging Markets--A Survey of the Evolving Literature

By Swarnali A Hannan

September 28, 2018

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Swarnali A Hannan. Revisiting the Determinants of Capital Flows to Emerging Markets--A Survey of the Evolving Literature, (USA: International Monetary Fund, 2018) accessed November 21, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

This paper documents the evolution of gross and net capital flows to emerging market economies and surveys the large literature on the potential drivers. While the capital flow landscape has been shaped by the evolution of both global and country-specific factors, the relative importance of these factors has varied over time and differs depending on the type of capital flows. The findings from the survey of the literature thus underscores the importance of policies in both source and recipient countries in shaping capital flows.

Subject: Balance of payments, Capital controls, Capital flows, Capital inflows, Economic sectors, Emerging and frontier financial markets, Financial crises, Financial markets, Global financial crisis of 2008-2009

Keywords: Capital allocation, Capital controls, Capital flows, Capital inflows, Capital openness, Differential vis-à-vis, Emerging and frontier financial markets, Emerging markets, Evolving capital flow landscape, Global, Global financial crisis of 2008-2009, Gross capital flow, High frequency portfolio-capital dataset, Interest rate differential vis-à-vis, Literature survey, Novel high frequency portfolio-capital dataset, Push and pull factors, Push factor, Understanding capital control

Publication Details

  • Pages:

    22

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2018/214

  • Stock No:

    WPIEA2018214

  • ISBN:

    9781484378281

  • ISSN:

    1018-5941

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