…portfolio flows have been important. Eugenio Cerutti, Stijn Claessens, and Lev Ratnovski of the IMF examined the determinants of global liquidity using data on cross-border bank flows for 77 countries…

…year.   The decline in FDI will be significant for these economies. FDI flows are usually more stable than other forms of capital flows, but even FDI collapses when it…

…less the reverse). “You can only buy stuff with #3 and #4 money. That’s my definition of money. So by (my) definition, #2 money isn’t money.” But in practice, in…

…sold at major retailers today, such as legendary Half of Fame MLB pitcher Nolan Ryan’s private label beef that is carried exclusively at Kroger stores, or at his private label…

…became a matter of policy in the Rubin/Summers Treasury Department. Although the danger of destabilizing “hot money” inflows has been well recognized since the Asian crisis of 1997, the thrust…

…all international flows. It’s now heavily dependent on portfolio flows – the green bars in the chart above – given the persistently negative foreign direct investment flows. Better put: the…

…two actions balance each other in international flows. Norway became a net debtor nation. It is important to realize that as Norway borrowed so much money from abroad, their Current…

…While their posts are very worth reading, I want to add more. Vinik mostly and correctly says we can’t yet determine the effect of briefer unemployment insurance on flows from…

…would happen if the extended unemployment insurance program ended. Then I glanced at the data on flows from unemployment to employment and noted that there was no anomaly January 2014…

…flows to emerging markets was studied by Eugenio Cerutti, Stijn Claessens and Damien Puy of the IMF. They looked at capital flows to 34 emerging markets during the period of…