| Record ID | marc_loc_2016/BooksAll.2016.part39.utf8:145375245:1808 |
| Source | Library of Congress |
| Download Link | /show-records/marc_loc_2016/BooksAll.2016.part39.utf8:145375245:1808?format=raw |
LEADER: 01808cam a22002897a 4500
001 2011655737
003 DLC
005 20110112084759.0
007 cr |||||||||||
008 110111s2010 mau sb 000 0 eng
010 $a 2011655737
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aKirabaeva, Koralai.
245 10 $aComposition of capital flows$h[electronic resource] :$ba survey /$cKoralai Kirabaeva, Assaf Razin.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2010.
490 1 $aNBER working paper series ;$vworking paper 16492
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 1/11/2011.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"We survey several mechanisms that explain the composition of international capital flows: foreign direct investment, foreign portfolio investment and debt flows (bank loans and bonds). We focus on information frictions such as adverse selection and moral hazard, and exposure to liquidity shocks, and discuss the following implications for composition of capital flows: 1. home court information advantage; 2. panic-based capital-flow reversals; 3. information-liquidity trade-off in the presence of source and host country liquidity shocks; 4. moral hazard in international debt contracts; and 5. risk sharing role of domestic bonds in the presence of home bias in goods and equity"--National Bureau of Economic Research web site.
700 1 $aRazin, Assaf.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 16492.
856 40 $uhttp://www.nber.org/papers/w16492