Sectoral Capital Flows: Covariates, Co-movements, and Controls

Etienne Lepers and Rogelio Mercado

Working Papers from South East Asian Central Banks (SEACEN) Research and Training Centre

Abstract: This paper assembles a comprehensive sectoral capital flows dataset for 64 advanced and emerging economies from 2000-18, 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 on BKs, NFCs, and OFCs in lowering gross inflows to these sectors.

Keywords: sectoral capital flows; capital flows correlations; capital controls (search for similar items in EconPapers)
Pages: pages
Date: 2020-05, Revised 2020-12
New Economics Papers: this item is included in nep-fdg, nep-ifn and nep-isf
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Citations: View citations in EconPapers (1)

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https://www.seacen.org/publications/RePEc/702001-100471-PDF.pdf

Related works:
Journal Article: Sectoral capital flows: Covariates, co-movements, and controls (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:sea:wpaper:wp42

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