Arbeitspapier

What types of capital flows help improve international risk sharing?

Cross-border capital flows are expected to lead to increased international risk sharing by facilitating borrowing and lending in global financial markets. This paper examines risk-sharing outcomes of various types of capital flows (foreign direct investment, portfolio equity, debt, remittance, and aid flows) in a large sample of emerging market and developing economies. The results suggest that remittances and aid flows are associated with increased international risk sharing. Other types of capital flows are not consistently correlated with better risk-sharing outcomes. These findings are robust to the use of different econometric specifications, country-specific characteristics, and other controls.

Sprache
Englisch

Erschienen in
Series: Working Paper ; No. 2122

Klassifikation
Wirtschaft
International Economic Order and Integration
Financial Crises
Thema
capital flows
remittances
aid flows
international risk sharing

Ereignis
Geistige Schöpfung
(wer)
Islamaj, Ergys
Kose, M. Ayhan
Ereignis
Veröffentlichung
(wer)
Koç University-TÜSIAD Economic Research Forum (ERF)
(wo)
Istanbul
(wann)
2021

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Islamaj, Ergys
  • Kose, M. Ayhan
  • Koç University-TÜSIAD Economic Research Forum (ERF)

Entstanden

  • 2021

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