This paper assesses empirically the key drivers of private capital flows to a large sample of emerging market economies in the last decade. It analyzes the effe
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
Has the unprecedented financial globalization of recent years changed the behavior of capital flows across countries? Using a newly constructed database of gros
Capital flow volatility is a concern for macroeconomic and financial stability. Nonetheless, literature is scarce in this topic. Our paper sheds light on this i
Using a sample of 34 emerging markets and developing economies over the period 2009Q3-2015Q4, the paper employs a panel framework to study the determinants of c