Financial Flows, Financial Crises, and Global Imbalances

By M. Obstfeld. 2012

281 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/e90c8113c5215f65ec0a6c0b2119ea0e36dc792b

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In Economics and Econometrics

1. S. Hannan
2. Maria Sole Pagliari

In Finance

1. S. Hannan
2. Maria Sole Pagliari

Citations in the corpus

• Dilemma not Trilemma: The Global Financial Cycle and Monetary Policy Independence (2015, unknown): “It is therefore those gross flows that should be tracked in order to assess financial fragility and overall credit conditions, as emphasized by Borio and Disyatat (2011); Gourinchas , Truempler and Rey (2012); and Obstfeld (2012).”
• Gross Capital Flows : Dynamics and Crises (2011, unknown): “Several papers analyze long-run trends in gross capital flows showing that the large flows 2 have resulted in large gross international investment positions (Lane and Milesi-Ferretti, 2001 and 2007, Kraay et al., 2005, Devereux, 2007, Gourinchas and Rey, 2007a and 2007b, and Obstfeld, 2012).”
• Capital Flows, Cross-Border Banking and Global Liquidity (2012, unknown): “One reason for the caution is that the growth in gross capital ows was associated with increased leverage, and hence with nancial fragility (see Borio and Disyatat (2011) and Gourinchas and Obstfeld (2012)).”
• Financial Crises: Explanations, Types, and Implications (2013, unknown): “Other studies argue that the global imbalances of the 2000s and the recent crisis are intimately connected (Obstfeld and Rogoff, 2009; Obstfeld, 2012).”
• WHAT DRIVES CAPITAL FLOWS TO EMERGING MARKETS? A SURVEY OF THE EMPIRICAL LITERATURE (2018, unknown): “While in absolute terms, most capital flows are between advanced economies, their importance for financial stability is greatest for emerging markets (EMs), which are particularly exposed to swings in the availability of foreign capital (Obstfeld 2012).”
• International Capital Flows and House Prices: Theory and Evidence (2012, unknown): “Other researchers ( notably Obstfeld ( 2011 ) ) , have argued that gross ‡ows in international …nancial assets may lead to …nancial market instability .”
• Capital Flows and the Risk-Taking Channel of Monetary Policy (2015, unknown): “Our findings reinforce the argument in Borio and Disyatat (2011) and Obstfeld (2012a, 2012b) on the importance of gross capital flows between countries in determining financial conditions, rather than net flows.”
• The Volatility of Capital Flows in Emerging Markets: Measures and Determinants (2017, background): “Arezki, R., A. Mazarei, and A. Prasad (2015), 'Sovereign wealth funds in the new era of oil', VoxEU.org, 29 November.”