Revisiting the Determinants of Capital Flows to Emerging Markets--A Survey of the Evolving Literature

23 Pages Posted: 16 Oct 2018

Date Written: September 2018

Abstract

This paper documents the evolution of gross and net capital flows to emerging market economies and surveys the large literature on the potential drivers. While the capital flow landscape has been shaped by the evolution of both global and country-specific factors, the relative importance of these factors has varied over time and differs depending on the type of capital flows. The findings from the survey of the literature thus underscores the importance of policies in both source and recipient countries in shaping capital flows.

Keywords: Emerging markets, Capital flows, push and pull factors, literature survey, Capital flows, General

JEL Classification: F30, F21, F3

Suggested Citation

Ahmed Hannan, Swarnali, Revisiting the Determinants of Capital Flows to Emerging Markets--A Survey of the Evolving Literature (September 2018). IMF Working Paper No. 18/214, Available at SSRN: https://ssrn.com/abstract=3267238

Swarnali Ahmed Hannan (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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