Working Paper

What Types of Capital Flows Help Improve International Risk Sharing?

Show simple item record

collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Islamaj, Ergys
dc.contributor.author
Kose, M. Ayhan
dc.date.accessioned
2021-11-18T16:19:23Z
dc.date.available
2021-11-18T16:19:23Z
dc.date.issued
2021-11
dc.date.lastModified
2021-11-19T05:10:44Z
dc.description.abstract
Cross-border capital flows are expected to lead to increased international risk sharing by facilitating borrowing and lending in global financial markets. This paper examines risk-sharing outcomes of various types of capital flows (foreign direct investment, portfolio equity, debt, remittance, and aid flows) in a large sample of emerging market and developing economies. The results suggest that remittances and aid flows are associated with increased international risk sharing. Other types of capital flows are not consistently correlated with better risk-sharing outcomes. These findings are robust to the use of different econometric specifications, country-specific characteristics, and other controls.
en
dc.identifier
http://documents.worldbank.org/curated/undefined/227711636987478555/What-Types-of-Capital-Flows-Help-Improve-International-Risk-Sharing
dc.identifier.uri
http://hdl.handle.net/10986/36599
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Policy Research Working Paper;No. 9846
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
CAPITAL FLOWS
dc.subject
REMITTANCES
dc.subject
AID FLOWS
dc.subject
INTERNATIONAL RISK SHARING
dc.subject
FINANCIAL MARKETS
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
EQUITY CAPITAL
dc.subject
DEBT FLOWS
dc.subject
OFFICIAL DEVELOPMENT ASSISTANCE
dc.title
What Types of Capital Flows Help Improve International Risk Sharing?
en
dc.type
Working Paper
en
okr.date.disclosure
2021-11-15
okr.date.lastmodified
2021-11-15T00:00:00Z
en
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.docurl
http://documents.worldbank.org/curated/undefined/227711636987478555/What-Types-of-Capital-Flows-Help-Improve-International-Risk-Sharing
okr.googlescholar.linkpresent
yes
okr.guid
227711636987478555
okr.identifier.doi
10.1596/1813-9450-9846
okr.identifier.externaldocumentum
090224b088b6e7e2_1_0
okr.identifier.internaldocumentum
33613861
okr.identifier.report
WPS9846
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/227711636987478555/pdf/What-Types-of-Capital-Flows-Help-Improve-International-Risk-Sharing.pdf
en
okr.topic
Finance and Financial Sector Development :: Capital Markets and Capital Flows
okr.topic
Finance and Financial Sector Development :: Concessional Finance and Global Partnerships
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
International Economics and Trade :: Capital Flows
okr.topic
International Economics and Trade :: Foreign Direct Investment
okr.unit
Office of the Chief Economist, East Asia; and the Pacific Region and the Prospects Group (EPGDR)

Show simple item record



This item appears in the following Collection(s)