What Drives International Financial Flows? Politics, Institutions and Other Determinants

By Elias Papaioannou. 2009

391 citations recorded by the source corpus.

Subfields: Finance, Information Systems, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/3ddc4d0b7f837d652d7947e1573c3dd955678c53

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Citations in the corpus

Financial Regulation, Financial Globalization and the Synchronization of Economic Activity (2009, background): “Portes and Rey (2005), Guiso, Sapienza, and Zingales (2009), Ekinci, Kalemli-Ozcan and Sørensen (2008), Giannetti and Yafeh (2008), Mian (2006), and Papaioannou (2009), among others, show that distance and cultural ties are strong correlates of international financial activities and banking in…”
•FDI from the South: The role of institutional distance and natural resources (2013, background): “Poor institutional quality of potential host countries is often cited as the leading explanation for the scarcity of capital flows to poor countries predicted by the standard neoclassical theory – the “Lucas Paradox” (Lucas, 1990; Alfaro et al., 2008; Papaioannou, 2009).”
WHAT DRIVES CAPITAL FLOWS TO EMERGING MARKETS? A SURVEY OF THE EMPIRICAL LITERATURE (2018, neutral): “For example, various studies emphasize the importance of the quality of institutions for banking flows, such as low corruption and a high-quality legal system (e.g., Papaioannou 2009) as well as a lower opacity index (Hooper and Kim 2007).”
The Geographical Composition of National External Balance Sheets: 1980-2005 (2012, neutral): “This illustrates the paradox discussed in Lucas (1990)—that capital tends to flow to rich countries even though the marginal product of capital is larger in poor countries—and is consistent with the findings in Papaioannou (2009).”
Africa's Money in Africa (2013, background): “Some studies have argued that remittance is one of the fastest growing sources of external funds for developing countries especially in Africa (Ratha, 2003; Gupta et al., 2007; Ratha et al., 2011). This argument can be “balkanised” into three aspects: funds from remittance are fungible and are spent”
What Lies Beneath the Euro's Effect on Financial Integration? Currency Risk, Legal Harmonization, or Trade? (2010, neutral): “…see: www.cepr.org/pubs/new-dps/dplist.asp?authorid=148781 Elias Papaioannou Dartmouth College Economics Department Rockefeller Hall Hanover, NH 03755 USA Email: Elias.Papaioannou@dartmouth.edu For further Discussion Papers by this author see: www.cepr.org/pubs/new-dps/dplist.asp?authorid=156542”
When the Cat's Away the Mice will Play: Does Regulation at Home Affect Bank Risk Taking Abroad? (2013, neutral): “During the initial years, most flows reflect bank-to-bank transactions and credit lines, while foreign direct investment and equity flows have become more important after the mid-1990s (Papaioannou, 2009).”
Institutional quality, political risk and tourism (2019, background): “Finally, we add controls for time and country-pair effects jointly so as to capture time-invariant factors, such as distance and common border, as well as slowly changing factors such as trust and social linkages (Papaioannou, 2009).”
The Vulnerability of Microfinance to Financial Turmoil – Evidence from the Global Financial Crisis (2013, background): “13 When confronted with negative values, we follow Papaioannou (2009) and Herrmann and Mihaljek (2010) and take the natural logarithm of the absolute value and assign it a negative sign.”