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Portfolio Inflows and Real Effective Exchange Rates : does the sectorization matter? /
It has been well-established in the literature that portfolio inflows appreciate the real effective exchange rate. However, the literature lacks a systematic empirical analysis of the impact of portfolio inflows by institutional sector or borrower type. This paper fills this gap by exploring the imp...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2017.
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| Colección: | IMF working paper ;
WP/17/121. |
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover; Contents; Abstract; I. Introduction; II. Brief Review of Literature and the Sectorization of Portfolio Inflows; A. Brief Review of Literature; B. Why the Sectorization Matters?; Government; Banks; Corporates; III. Data, Stylized Facts and Methodology; A. Data; B. Stylized facts; C. Methodology; IV. Results; V. Robustness Checks; A. Additional Variables; B. Using De-trended REER Series; C. Alternative Econometric Method; D. Alternative Trade Coverage: Separating Imports and Exports; VI. Conclusion; Table; Table 1: Baseline Results; Table 2: Baseline Results, by Income Groups.
- Table 3: Disaggregation by Instruments and Institutional SectorsTable 4: Robustness Check: Additional Variables; Table 5: Robustness Check: De-trending REER Series; Table 6: Robustness Check: Alternative Econometric Method; Table 7: Robustness Check: Alternative Trade Coverage: Separating Imports and Exports; Table A 1. Sample; Table A 2. Summary Statistics; Table A 3. Results for First Stage Estimates; Figure; Figure 1: Portfolio Inflows and Real Exchange Rate; Figure 2: Share of Portfolio Inflows by Sector and in Percentage of GDP.