SOVEREIGNS, UPSTREAM CAPITAL FLOWS, AND GLOBAL IMBALANCES: Sovereigns, Upstream Capital Flows, and Global Imbalances

By Laura Alfaro, Sebnem Kalemli‐ozcan, V. Volosovych. 2014

180 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/ab2de08a89560193b398e33686004bb6d6520476

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Citations in the corpus

External Liabilities and Crises (2013, background): “While the external component of the latter is contained in the external debt variable, this variable is a proximate control for the distinction between public and private external debt that has been documented as important to explain global imbalances, growth differentials, and hence (albeit indirec”
U.S. Monetary Policy and International Risk Spillovers (2019, background): “…and ran current account surpluses at the same time before the 2008 crisis reflect the fact that capital outflows from high growth Asian EMEs were driven by sovereign flows, while these countries imported private capital on net as shown by Alfaro et al. (2014) and Gourinchas and Jeanne (2013).”
Large Capital Inflows, Sectoral Allocation and Economic Performance (2015, result): “…a broad measure of capital inflows may seem at odds with recent work on the subject, which has shown important differences in the behavior of private and public flows (Alfaro et al., 2014) as well as gross and net flows (Rothenberg and Warnock, 2011; Forbes and Warnock, 2012; Broner et al., 2013).”
The Missing Wealth of Nations: Are Europe and the U.S. net Debtors or net Creditors? (2013, background): “The funds held in tax havens are large: my computations find that around 8% of households’ financial assets are held in tax havens, 6% of which 1See Bernanke (2005), Prasad et al. (2006), Dollar and Kraay (2006), the papers in Clarida (2007), Caballero et al. (2008), Mendoza et al. (2009), Carroll a”
Rethinking the Effects of Financial Globalization (2016, unknown): “This is shown by Prasad, Rajan, and Subramanian (2007), Gourinchas and Jeanne (2013), and Alfaro, Kalemli-Ozcan, and Volosovych (2014).”