Too Much for Self-Insurance? Asian Foreign Reserves
In: Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 06/2008
16 Ergebnisse
Sortierung:
In: Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 06/2008
SSRN
Working paper
In: The Annals of Japan Association for Urban Sociology, Band 2021, Heft 39, S. 6-22
ISSN: 1884-4839
In: IMF Working Paper No. 19/85
SSRN
In: IMF Working Paper No. 17/74
SSRN
Working paper
In: IMF Working Paper No. 16/11
SSRN
In: IMF Working Paper No. 14/74
SSRN
In: NBER Working Paper No. w12413
SSRN
In: NBER Working Paper No. w12682
SSRN
Working paper
In: NBER Working Paper No. w10448
SSRN
In: NBER Working Paper No. w9376
SSRN
Working paper
In this paper, we investigate whether better information about the macroeconomic environment of an economy has a positive impact on its capital inflows, namely portfolio and foreign direct investment (FDI). The purpose of our study is to explicitly quantify information asymmetries by compliance with the IMF's Special Data Dissemination Standard (SDDS). For FDI, we fi nd statistically signi cant and robust support for this hypothesis: SDDS subscription increased inflows by an economically relevant magnitude of about 60 percent. We also find evidence of aversion against political and macroeconomic risk as determinants of portfolio and FDI flows and use a non-parametric test for spatial correlation in the residuals of capital flows.
BASE
In: IMF Working Paper No. 12/242
SSRN
In: International Monetary Fund Working Paper No. 12/242
SSRN
Working paper
In: IMF Working Paper No. 20/200
SSRN
Working paper
In: Journal of international economics, Band 88, Heft 2, S. 388-406
ISSN: 0022-1996