TY  - BOOK
AU  - Pagliari,Maria Sole
AU  - Hannan,Swarnali Ahmed
TI  - The volatility of capital flows in emerging markets: measures and determinants 
T2  - IMF Working Paper
SN  - 1475585306
AV  - HG3891 
U1  - 332.042 23
PY  - 2017///
CY  - [Washington, District of Columbia]
PB  - International Monetary Fund
KW  - Capital movements
KW  - Mouvements de capitaux
KW  - BUSINESS & ECONOMICS / Finance
KW  - bisacsh
KW  - fast
KW  - Electronic books
N2  - Capital flow volatility is a concern for macroeconomic and financial stability. Nonetheless, literature is scarce in this topic. Our paper sheds light on this issue in two dimensions. First, using quarterly data for 65 countries over the period 1970Q1-2016Q1, we construct three measures of volatility, for total capital flows and key instruments. Second, we perform panel regressions to understand the determinants of volatility. The measures show that the volatility of all instruments is prone to bouts, rising sharply during global shocks like the taper tantrum episode. Capital flow volatility thus remains a challenge for policy makers. The regression results suggest that push factors can be more important than pull factors in explaining volatility, illustrating that the characteristics of volatility can be different from those of the flows levels
UR  - https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1496844
ER  -