THE DETERMINANTS OF PRIVATE CAPITAL FLOWS IN EMERGING ECONOMIES: THE ROLE OF THE FED'S UNCONVENTIONAL MONETARY POLICY | Zendy

GamboaEstrada Fredy | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Premium

THE DETERMINANTS OF PRIVATE CAPITAL FLOWS IN EMERGING ECONOMIES: THE ROLE OF THE FED'S UNCONVENTIONAL MONETARY POLICY

Author(s) -

GamboaEstrada Fredy

Publication year - 2020

Publication title -

contemporary economic policy

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.454

H-Index - 49

eISSN - 1465-7287

pISSN - 1074-3529

DOI - 10.1111/coep.12474

Subject(s) - economics , monetary policy , monetary economics , capital flows , capital (architecture) , emerging markets , capital outflow , capital formation , financial capital , international economics , macroeconomics , market economy , human capital , liberalization , archaeology , history

Previous studies on the effect of the Fed's Unconventional Monetary Policy on capital flows in Emerging Economies have not been conclusive. I analyze if the effect of these policies on capital flows is heterogeneous between countries. This approach could be the smoking gun in this debate as I attempt to find evidence of a specific mechanism by which Unconventional Monetary Policy could affect the pattern of capital flows in Emerging Economies. The results suggest that Unconventional Monetary Policy has a significant effect on capital flows which depends on the type of measure adopted and the degree of financial exposure of each country to the United States. ( JEL C23, E52, E58, F21, F32)

This content is not available in your region!

Continue researching here.

Having issues? You can contact us here

Accelerating Research