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International financial flows in the new normal: Key patterns (and why we should care)

Matthieu Bussiere, Julia Schmidt () and Natacha Valla

No 2016/02, EIB Working Papers from European Investment Bank (EIB)

Abstract: This paper documents recent trends in international financial flows, based on a newly assembled dataset covering 40 advanced and emerging countries. It highlights four stylized facts: first, the "Great Retrenchment" that took place during the crisis has proved very persistent; second, this fall can predominantly be related to advanced economies, especially in Western Europe; third, net flows have fallen substantially relative to the years preceding the crisis; and fourth, profound changes have occurred in the composition of international financial flows in ways which should help to strengthen resilience and deliver genuine cross-border risk-sharing. This paper then turns to possible explanations for and likely implications of these changes, with regard to international financial stability issues.

Date: 2016
New Economics Papers: this item is included in nep-eec and nep-ifn
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (64)

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https://www.econstor.eu/bitstream/10419/144175/1/863303153.pdf (application/pdf)

Related works:
Chapter: International Financial Flows in the New Normal: Key Patterns (and Why We Should Care) (2018)
Working Paper: International Financial Flows in the New Normal: Key Patterns (and Why We Should Care) (2016) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:eibwps:201602

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