Sectoral capital flows: Covariates, co-movements, and controls

Etienne Lepers and Rogelio Mercado

Journal of International Financial Markets, Institutions and Money, 2021, vol. 75, issue C

Abstract: This paper assembles a comprehensive sectoral capital flows dataset for 64 advanced and emerging economies from 2000 to 18, including direct, portfolio, and other investment to and from central banks (CB), general government (GG), banks (BKs), non-financial corporates (NFCs) and other financial corporates (OFCs) and a corresponding dataset on capital controls imposed on these sectors. Using these datasets, this paper illustrates the usefulness of a sectoral approach in assessing capital flow covariates, co-movements, and the effectiveness of capital controls. The findings underscore the sensitivity and cyclicality of OFC flows; and offer new evidence on the impact of sectoral controls particularly for BK and OFC sectors in lowering gross inflows to these sectors.

Keywords: Sectoral capital flows; Capital flows correlations; Capital controls (search for similar items in EconPapers)
JEL-codes: F21 F38 F41 G20 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1042443121001293
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Sectoral Capital Flows: Covariates, Co-movements, and Controls (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:intfin:v:75:y:2021:i:c:s1042443121001293

DOI: 10.1016/j.intfin.2021.101413

Access Statistics for this article

Journal of International Financial Markets, Institutions and Money is currently edited by I. Mathur and C. J. Neely

More articles in Journal of International Financial Markets, Institutions and Money from Elsevier
Bibliographic data for series maintained by Catherine Liu ().