Official Financial Flows, Capital Mobility, and Global Imbalances / Tamim Bayoumi, Joseph Gagnon, Christian Saborowski.
We use a cross-country panel framework to analyze the effect of net official flows (chiefly foreign exchange intervention) on current accounts. We find that net official flows have a large but plausible effect on current account balances. The estimated effects are larger with instrumental variables...
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Full Text (via IMF e-Library) |
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| Main Author: | |
| Other Authors: | , |
| Format: | eBook |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2014.
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| Series: | IMF working paper ;
WP/2014/199. |
| Subjects: |