The Complexity of Global Capital Flows: Evidence from G20 Countries

With the high volatility of capital flow and the imbalance of capital flow between emerging and advanced economies, the complexity of capital flow management is always attractive to researchers and policymakers. This study explores how capital flows in G20 countries are significantly impacted by pul...

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Autores principales:	Xiaochen Ding, Lu Sui
Formato:	article
Lenguaje:	EN
Publicado:	Hindawi Limited 2021
Materias:	Mathematics QA1-939
Acceso en línea:	https://doaj.org/article/533dee7254b94b2f9793e311b8a71e9b
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spelling	oai:doaj.org-article:533dee7254b94b2f9793e311b8a71e9b2021-11-29T00:55:26ZThe Complexity of Global Capital Flows: Evidence from G20 Countries1607-887X10.1155/2021/1162155https://doaj.org/article/533dee7254b94b2f9793e311b8a71e9b2021-01-01T00:00:00Zhttp://dx.doi.org/10.1155/2021/1162155https://doaj.org/toc/1607-887XWith the high volatility of capital flow and the imbalance of capital flow between emerging and advanced economies, the complexity of capital flow management is always attractive to researchers and policymakers. This study explores how capital flows in G20 countries are significantly impacted by pull and push factors by using regressions, dynamic system GMM, and Panel-VAR models. The results show that international capital flows are significantly associated with domestic financial development, which is measured by stock-market liquidity and domestic credit. Moreover, international capital flows are affected by push factors, such as the growth of the world economy and fluctuations of the crude oil price. This study controls for real interest rate, foreign currency, and capital restriction because the government and macroprudential policies are critical influences on stabilizing capital flows.Xiaochen DingLu SuiHindawi LimitedarticleMathematicsQA1-939ENDiscrete Dynamics in Nature and Society, Vol 2021 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Mathematics QA1-939
spellingShingle	Mathematics QA1-939 Xiaochen Ding Lu Sui The Complexity of Global Capital Flows: Evidence from G20 Countries
description	With the high volatility of capital flow and the imbalance of capital flow between emerging and advanced economies, the complexity of capital flow management is always attractive to researchers and policymakers. This study explores how capital flows in G20 countries are significantly impacted by pull and push factors by using regressions, dynamic system GMM, and Panel-VAR models. The results show that international capital flows are significantly associated with domestic financial development, which is measured by stock-market liquidity and domestic credit. Moreover, international capital flows are affected by push factors, such as the growth of the world economy and fluctuations of the crude oil price. This study controls for real interest rate, foreign currency, and capital restriction because the government and macroprudential policies are critical influences on stabilizing capital flows.
format	article
author	Xiaochen Ding Lu Sui
author_facet	Xiaochen Ding Lu Sui
author_sort	Xiaochen Ding
title	The Complexity of Global Capital Flows: Evidence from G20 Countries
title_short	The Complexity of Global Capital Flows: Evidence from G20 Countries
title_full	The Complexity of Global Capital Flows: Evidence from G20 Countries
title_fullStr	The Complexity of Global Capital Flows: Evidence from G20 Countries
title_full_unstemmed	The Complexity of Global Capital Flows: Evidence from G20 Countries
title_sort	complexity of global capital flows: evidence from g20 countries
publisher	Hindawi Limited
publishDate	2021
url	https://doaj.org/article/533dee7254b94b2f9793e311b8a71e9b
work_keys_str_mv	AT xiaochending thecomplexityofglobalcapitalflowsevidencefromg20countries AT lusui thecomplexityofglobalcapitalflowsevidencefromg20countries AT xiaochending complexityofglobalcapitalflowsevidencefromg20countries AT lusui complexityofglobalcapitalflowsevidencefromg20countries
_version_	1718407767853629440

The Complexity of Global Capital Flows: Evidence from G20 Countries

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