Financial Flows Centrality: Empirical Evidence using Bilateral Capital Flows

Rogelio Mercado and Shanty Noviantie

Economic Papers from Trinity College Dublin, Economics Department

Abstract: This paper uses a dataset on bilateral capital flows to construct a financial centrality measure for 64 advanced and emerging economies from 2000-16 to capture an economy s importance within the global financial flows network. The results highlight the varying significance of network systemic and idiosyncratic factors in explaining financial centrality across different types of investments and residency of investors. Most notably, the findings show that financial centres have deeper and more developed financial system, implying their importance in global financial intermediation.

Keywords: financial centrality; financial depth; network analysis (search for similar items in EconPapers)
JEL-codes: D85 F21 F36 G15 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2019-12
New Economics Papers: this item is included in nep-cwa, nep-net and nep-sea
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https://www.tcd.ie/Economics/TEP/2019/TEP1119.pdf

Related works:
Journal Article: Financial flows centrality: Empirical evidence using bilateral capital flows (2020)
Working Paper: Financial Flows Centrality: Empirical Evidence using Bilateral Capital Flows (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:tcd:tcduee:tep1119

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