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A Model of Fickle Capital Flows and Retrenchment
Language: en
Pages: 73
Authors: Ricardo J. Caballero
Categories: Capital movements
Type: BOOK - Published: 2016 - Publisher:

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Abstract: Gross capital flows are very large and highly cyclical. They are a central aspect of global liquidity creation and destruction. They also exhibit rich
Capital Flows at Risk: Taming the Ebbs and Flows
Language: en
Pages: 44
Authors: Mr.R. G Gelos
Categories: Business & Economics
Type: BOOK - Published: 2019-12-20 - Publisher: International Monetary Fund

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The volatility of capital flows to emerging markets continues to pose challenges to policymakers. In this paper, we propose a new framework to answer critical p
Liquidity Trap and Excessive Leverage
Language: en
Pages: 49
Authors: Mr.Anton Korinek
Categories: Business & Economics
Type: BOOK - Published: 2014-07-21 - Publisher: International Monetary Fund

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We investigate the role of macroprudential policies in mitigating liquidity traps driven by deleveraging, using a simple Keynesian model. When constrained agent
G7 Current Account Imbalances
Language: en
Pages: 518
Authors: Richard H. Clarida
Categories: Business & Economics
Type: BOOK - Published: 2007-11-01 - Publisher: University of Chicago Press

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The current account deficit of the United States is more than six percent of its gross domestic product—an all-time high. And the rest of the world, including
Portfolio Inflows Eclipsing Banking Inflows: Alternative Facts?
Language: en
Pages: 36
Authors: Mr.Eugenio M Cerutti
Categories: Business & Economics
Type: BOOK - Published: 2018-02-16 - Publisher: International Monetary Fund

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Superficial examination of aggregate gross cross-border capital inflow data suggests that there was no substitution between portfolio inflows and bank loans in