Exchange rate regimes as thresholds: The main determinants of capital inflows in emerging market economies
Yazarlar (2)
Prof. Dr. Erdal Özmen Orta Doğu Teknik Üniversitesi, Türkiye
Doç. Dr. Fatma TAŞDEMİR Sinop Üniversitesi, Türkiye
| Makale Türü |
Özgün Makale
(SSCI, AHCI, SCI, SCI-Exp dergilerinde yayınlanan tam makale)
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| Dergi Adı | Borsa Istanbul Review (Q1) | ||
| Dergi ISSN | 2214-8450 Dergi Bilgileri (2023) | ||
| Dergi Tarandığı Indeksler | SSCI | ||
| Makale Dili | Ingilizce | Basım Tarihi | 08-2023 |
| Cilt / Sayı / Sayfa | 23 / 6 / 1282–1288 | DOI | 10.1016/j.bir.2023.08.003 |
| Makale Linki | http://dx.doi.org/10.1016/j.bir.2023.08.003 | ||
| UAK Araştırma Alanları |
Dışa Açık Makro İktisat
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| Özet |
| We investigate whether the impacts of the main push (global financial conditions, GFC) and pull (growth) factors on capital inflows are invariant to endogenously estimated thresholds for exchange rate regimes (ERRs) in emerging market economies. The impact of GFC is higher under more flexible ERRs for aggregate capital and portfolio inflows. FDI inflows are determined by growth. The sensitivity of aggregate and other investment inflows to growth is higher under more rigid ERRs. Our results also suggest that managed ERRs encourage capital inflows by allowing countries to import the monetary policy credibility of the anchored country and to provide an exchange rate guarantee. |
| Anahtar Kelimeler |
| Capital inflows | Emerging market economies | Exchange rate regimes | Global financial conditions | Panel threshold model |
Science Direct
Exchange rate regimes as thresholds: The main determinants of capital inflows in emerging market economies
BM Sürdürülebilir Kalkınma Amaçları
| Atıf Sayıları | |
| Web of Science | 2 |
| Scopus | 3 |
| Google Scholar | 7 |