skip to content
Capital flows to emerging markets : liberalization, overshooting, and volatility Preview this item
ClosePreview this item
Checking...

Capital flows to emerging markets : liberalization, overshooting, and volatility

Author: Philippe Bacchetta; Eric Van Wincoop; National Bureau of Economic Research.
Publisher: Cambridge, MA : National Bureau of Economic Research, ©1998.
Series: Working paper series (National Bureau of Economic Research), working paper no. 6530.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
Abstract: The paper analyzes the impact of financial liberalizations and reforms in emerging markets on the dynamics of capital flows to these markets, using a simple model of international investors' behavior. We first show that the gradual nature of liberalizations, combined with the cost of absorbing large inflows in emerging economies, leads to rich dynamics of capital flows and often implies an initial period  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

 

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Additional Physical Format: Print version:
Bacchetta, Philippe.
Capital flows to emerging markets.
Cambridge, MA : National Bureau of Economic Research, ©1998
(OCoLC)39277221
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Philippe Bacchetta; Eric Van Wincoop; National Bureau of Economic Research.
OCLC Number: 648555958
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (31, [12] pages) : illustrations.
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: Working paper series (National Bureau of Economic Research), working paper no. 6530.
Responsibility: Philippe Bacchetta, Eric van Wincoop.

Abstract:

Abstract: The paper analyzes the impact of financial liberalizations and reforms in emerging markets on the dynamics of capital flows to these markets, using a simple model of international investors' behavior. We first show that the gradual nature of liberalizations, combined with the cost of absorbing large inflows in emerging economies, leads to rich dynamics of capital flows and often implies an initial period of overshooting as portfolios adjust. Asset prices will overshoot as well. Second, we show that if investors have incomplete information about new emerging markets, and learn over time, there can be high volatility of capital flows as well as contagion. Finally, we provide numerical estimates of long run capital inflows to emerging market economies and compare them to actual inflows. This gives a good indicator of upcoming crisis situations.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/648555958> # Capital flows to emerging markets : liberalization, overshooting, and volatility
    a schema:MediaObject, schema:CreativeWork, schema:Book ;
    library:oclcnum "648555958" ;
    library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/42148526#Place/cambridge_ma> ; # Cambridge, MA
    library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
    schema:about <http://experiment.worldcat.org/entity/work/data/42148526#Topic/investments_foreign_mathematical_models> ; # Investments, Foreign--Mathematical models
    schema:about <http://experiment.worldcat.org/entity/work/data/42148526#Topic/mouvements_de_capitaux_pays_en_voie_de_developpement_modeles_mathematiques> ; # Mouvements de capitaux--Pays en voie de développement--Modèles mathématiques
    schema:about <http://experiment.worldcat.org/entity/work/data/42148526#Topic/capital_movements_developing_countries_mathematical_models> ; # Capital movements--Developing countries--Mathematical models
    schema:about <http://experiment.worldcat.org/entity/work/data/42148526#Topic/investments_foreign_developing_countries_mathematical_models> ; # Investments, Foreign--Developing countries--Mathematical models
    schema:about <http://experiment.worldcat.org/entity/work/data/42148526#Topic/investissements_etrangers_pays_en_voie_de_developpement_modeles_mathematiques> ; # Investissements étrangers--Pays en voie de développement--Modèles mathématiques
    schema:about <http://experiment.worldcat.org/entity/work/data/42148526#Topic/capital_movements_mathematical_models> ; # Capital movements--Mathematical models
    schema:about <http://id.worldcat.org/fast/1242969> ; # Developing countries.
    schema:bookFormat schema:EBook ;
    schema:contributor <http://experiment.worldcat.org/entity/work/data/42148526#Organization/national_bureau_of_economic_research> ; # National Bureau of Economic Research.
    schema:contributor <http://viaf.org/viaf/67390271> ; # Eric Van Wincoop
    schema:copyrightYear "1998" ;
    schema:creator <http://experiment.worldcat.org/entity/work/data/42148526#Person/bacchetta_philippe> ; # Philippe Bacchetta
    schema:datePublished "1998" ;
    schema:description "Abstract: The paper analyzes the impact of financial liberalizations and reforms in emerging markets on the dynamics of capital flows to these markets, using a simple model of international investors' behavior. We first show that the gradual nature of liberalizations, combined with the cost of absorbing large inflows in emerging economies, leads to rich dynamics of capital flows and often implies an initial period of overshooting as portfolios adjust. Asset prices will overshoot as well. Second, we show that if investors have incomplete information about new emerging markets, and learn over time, there can be high volatility of capital flows as well as contagion. Finally, we provide numerical estimates of long run capital inflows to emerging market economies and compare them to actual inflows. This gives a good indicator of upcoming crisis situations."@en ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/42148526> ;
    schema:inLanguage "en" ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/42148526#Series/nber_working_paper_series> ; # NBER working paper series ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/42148526#Series/working_paper_series_national_bureau_of_economic_research> ; # Working paper series (National Bureau of Economic Research) ;
    schema:isSimilarTo <http://www.worldcat.org/oclc/39277221> ;
    schema:name "Capital flows to emerging markets : liberalization, overshooting, and volatility"@en ;
    schema:productID "648555958" ;
    schema:publication <http://www.worldcat.org/title/-/oclc/648555958#PublicationEvent/cambridge_ma_national_bureau_of_economic_research_1998> ;
    schema:publisher <http://experiment.worldcat.org/entity/work/data/42148526#Agent/national_bureau_of_economic_research> ; # National Bureau of Economic Research
    schema:url <http://papers.nber.org/papers/w6530> ;
    schema:url <http://papers.nber.org/> ;
    schema:url <http://catalog.hathitrust.org/api/volumes/oclc/39277221.html> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/648555958> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/42148526#Agent/national_bureau_of_economic_research> # National Bureau of Economic Research
    a bgn:Agent ;
    schema:name "National Bureau of Economic Research" ;
    .

<http://experiment.worldcat.org/entity/work/data/42148526#Organization/national_bureau_of_economic_research> # National Bureau of Economic Research.
    a schema:Organization ;
    schema:name "National Bureau of Economic Research." ;
    .

<http://experiment.worldcat.org/entity/work/data/42148526#Person/bacchetta_philippe> # Philippe Bacchetta
    a schema:Person ;
    schema:familyName "Bacchetta" ;
    schema:givenName "Philippe" ;
    schema:name "Philippe Bacchetta" ;
    .

<http://experiment.worldcat.org/entity/work/data/42148526#Place/cambridge_ma> # Cambridge, MA
    a schema:Place ;
    schema:name "Cambridge, MA" ;
    .

<http://experiment.worldcat.org/entity/work/data/42148526#Series/nber_working_paper_series> # NBER working paper series ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/648555958> ; # Capital flows to emerging markets : liberalization, overshooting, and volatility
    schema:name "NBER working paper series ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/42148526#Series/working_paper_series_national_bureau_of_economic_research> # Working paper series (National Bureau of Economic Research) ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/648555958> ; # Capital flows to emerging markets : liberalization, overshooting, and volatility
    schema:name "Working paper series (National Bureau of Economic Research) ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/42148526#Topic/capital_movements_developing_countries_mathematical_models> # Capital movements--Developing countries--Mathematical models
    a schema:Intangible ;
    schema:hasPart <http://id.loc.gov/authorities/subjects/sh2008100084> ;
    schema:name "Capital movements--Developing countries--Mathematical models"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/42148526#Topic/capital_movements_mathematical_models> # Capital movements--Mathematical models
    a schema:Intangible ;
    schema:name "Capital movements--Mathematical models"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/42148526#Topic/investissements_etrangers_pays_en_voie_de_developpement_modeles_mathematiques> # Investissements étrangers--Pays en voie de développement--Modèles mathématiques
    a schema:Intangible ;
    schema:name "Investissements étrangers--Pays en voie de développement--Modèles mathématiques"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/42148526#Topic/investments_foreign_developing_countries_mathematical_models> # Investments, Foreign--Developing countries--Mathematical models
    a schema:Intangible ;
    schema:hasPart <http://id.loc.gov/authorities/subjects/sh2008104822> ;
    schema:name "Investments, Foreign--Developing countries--Mathematical models"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/42148526#Topic/investments_foreign_mathematical_models> # Investments, Foreign--Mathematical models
    a schema:Intangible ;
    schema:name "Investments, Foreign--Mathematical models"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/42148526#Topic/mouvements_de_capitaux_pays_en_voie_de_developpement_modeles_mathematiques> # Mouvements de capitaux--Pays en voie de développement--Modèles mathématiques
    a schema:Intangible ;
    schema:name "Mouvements de capitaux--Pays en voie de développement--Modèles mathématiques"@en ;
    .

<http://id.worldcat.org/fast/1242969> # Developing countries.
    a schema:Place ;
    schema:name "Developing countries." ;
    .

<http://viaf.org/viaf/67390271> # Eric Van Wincoop
    a schema:Person ;
    schema:familyName "Van Wincoop" ;
    schema:givenName "Eric" ;
    schema:name "Eric Van Wincoop" ;
    .

<http://www.worldcat.org/oclc/39277221>
    a schema:CreativeWork ;
    rdfs:label "Capital flows to emerging markets." ;
    schema:description "Print version:" ;
    schema:isSimilarTo <http://www.worldcat.org/oclc/648555958> ; # Capital flows to emerging markets : liberalization, overshooting, and volatility
    .

<http://www.worldcat.org/title/-/oclc/648555958>
    a genont:InformationResource, genont:ContentTypeGenericResource ;
    schema:about <http://www.worldcat.org/oclc/648555958> ; # Capital flows to emerging markets : liberalization, overshooting, and volatility
    schema:dateModified "2016-07-10" ;
    void:inDataset <http://purl.oclc.org/dataset/WorldCat> ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.