…account. Wang and Yan’s results show that VIX and regional capital flows are highly significant for all the quantiles of gross capital inflows.  An increase in risk, as manifested in…

…money. While they couldn’t all be turned into actual “money” at one time, they constitute the pool of money held by people and businesses, which money flows into (from personal…

…on the emerging markets and not enough on the volatile capital flows that can overwhelm their financial markets. Capital outflows—particularly those large outflows known as “sudden stops”—are often attributed to…

…money-based economy coherently, or understand such an economy properly. They end up talking about things like “the demand for money” and “the market for money” (instead of “the markets for…

…The effect of U.S. interest rates on international capital flows is well-documented. Many countries are vulnerable to changes in U.S. policies that can reverse financial flows. Countries that have relied…

…policy, and unregulated capital flows. A central bank that tries to achieve all three will be frustrated by the capital flows that respond to interest rate differentials, which in turn…

…But the Trump administration is clearly looking to shrink, not expand, net immigration flows. Given this stated policy preference, we also calculate what halving net immigration flows or reducing them…

…exchange until Europeans captured that “money” system and transformed it. #2. Money is a “medium of account.” (Whatever “medium” means in that phrase…) Money was invented when some clever tally-keeper,…

…appearances fruitless) wrangling about MOE, MOA, MB, M1, divisias, etc. “dollar bills aren’t money. They’re embodiments of money” Jesus, Roth. The embodiment of money IS money. I’m not sure if…

…types of money itself.” He’s talking about bank deposits. It’s as if they can’t be, and aren’t, both: money and securities. He corrects that widespread error in the very next phrase: These money…