Composition of capital flows
a survey
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Author
Contributions
- Razin, Assaf - Contributor
- National Bureau of Economic Research - Contributor
Publication
2010 - National Bureau of Economic Research, Cambridge, MA, Massachusetts
Language
English
Word Count
0 words, Guess
Page Count
0 pages
Physical Format
Electronic resource
Identifiers
- Library of Congress Control Number2011655688
- Open LibraryOL30655211M
Classifications
- LCCHB1
Description
"We survey several mechanisms that explain the composition of international capital flows: foreign direct investment, foreign portfolio investment and debt flows (bank loans and bonds). We focus on information frictions such as adverse selection and moral hazard, and exposure to liquidity shocks, and discuss the following implications for composition of capital flows: 1. home court information advantage; 2. panic-based capital-flow reversals; 3. information-liquidity trade-off in the presence of source and host country liquidity shocks; 4. moral hazard in international debt contracts; and 5. risk sharing role of domestic bonds in the presence of home bias in goods and equity"--National Bureau of Economic Research web site.
Subjects
Series Statement
- NBER working paper series -- working paper 16492
- Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16492.
Links
Other Editions
- Composition of capital flows: a survey
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