Capital Flow Data – A Guide for Empirical Analysis and Real-time Tracking

Robin Koepke and Simon Paetzold

No 2020/171, IMF Working Papers from International Monetary Fund

Abstract: This paper provides an analytical overview of the most widely used capital flow datasets. The paper is written as a guide for academics who embark on empirical research projects and for policymakers who need timely information on capital flow developments to inform their decisions. We address common misconceptions about capital flow data and discuss differences between high-frequency proxies for portfolio flows. In a nowcasting “horse race” we show that high-frequency proxies have significant predictive content for portfolio flows from the balance of payments (BoP). We also construct a new dataset for academic use, consisting of monthly portfolio flows broadly consistent with BoP data.

Keywords: WP; flow data; portfolio flow; debt flow; flow proxy; IMF balance of payments statistic; portfolio flows; fund flows; balance of payments; coincident indicators; IIF data; IMF balance of payments data; Capital flows; Stocks; Balance of payments statistics; Flow of funds; Emerging and frontier financial markets; Africa; Global (search for similar items in EconPapers)
Pages: 47
Date: 2020-08-21
New Economics Papers: this item is included in nep-cwa
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Citations: View citations in EconPapers (21)

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