ARTÍCULO
TITULO

Volatility of Capital Flows to Emerging Economies

Katia Rocha    
Ajax Moreira    

Resumen

The paper proposes a panel model to the determinants of capital flow volatility to a group of 18 emerging market economies (EME) in the period of 2000 to 2011. It studies the robustness of the model regarding different volatility measures; analyses several types of gross capital inflow; focusing the role of government institutional quality and the development of domestic financial system (banks, insurance companies, and capital markets ? stocks, bonds and derivatives). The EME analyzed represented roughly 95% of the Emerging Markets Bond Index Global ? EMBIG in January 2013, being the biggest destination to international capital flow to EME according to the report of the Bank for International Settlements - BIS (2009). The main conclusion suggests that a reduction of capital flow volatility can be achieved by the adoption of policies that improve government institutional quality and promote development, stability and efficiency of the domestic financial system.

 Artículos similares

       
 
Athanasios Tsagkanos, Konstantinos Gkillas, Christoforos Konstantatos and Christos Floros    
The present research investigates the impact of trading volume on stock return volatility using data from the Greek banking system. For our analysis, the empirical study uses daily measures of volatility constructed from intraday data for the period 5 Ja... ver más

 
Francesco Carlier     Pág. 88 - 91
This paper is devoted to research the validity of options strategies with a particular emphasis on weekly options. The author proves that options, when traded successfully, could be a better substitute than buying or selling the underlying and that optio... ver más

 
Kuziva Mamvura,Mabutho Sibanda    
AbstractOrientation: This study examined the main predictors of net foreign portfolio investment volatility in low-income Southern African Development Community (SADC) countries. Based on the World Bank data (July 2014), the selected countries are Zimbab... ver más

 
Abdu Mohammed Assfaw     Pág. 108 - 124
A wrong capital structure decision causes business frailer. However, still, what determinants optimal capital structure decision of companies remain the puzzles of many research scholars. This study is, therefore, aimed to investigate the determinants of... ver más

 
Paulo Vitor Souza de Souza,César Augusto Tibúrcio Silva     Pág. 163 - 171
In this paper, we analyzed the effects of the crisis generated by the COVID-19 pandemic on international capital markets. We used the most representative indexes belonging to the stock markets of 44 world economies in daily time series with data from 01/... ver más