KFstar and Portfolio Inflows: A Focus on Latin America /

Latin American portfolio inflows show a strong tendency to revert to a natural level, KF*, over medium-run horizons. Deviations of actual flows from KF* provide policymakers with a real-time predictor of future flows, sudden stops and vulnerability to global shocks. Analysis of short-run deviations...

Ausführliche Beschreibung

1. Verfasser:

Burger, John D.

Körperschaft:

National Bureau of Economic Research

Weitere Verfasser:

Warnock, Francis E., Warnock, Veronica Cacdac

Format:

Elektronisch E-Book

Sprache:

Englisch

Veröffentlicht:

Cambridge, Mass. National Bureau of Economic Research 2022.

Zusammenfassung:

Latin American portfolio inflows show a strong tendency to revert to a natural level, KF*, over medium-run horizons. Deviations of actual flows from KF* provide policymakers with a real-time predictor of future flows, sudden stops and vulnerability to global shocks. Analysis of short-run deviations of flows from KF* reveals heterogeneous drivers: commodity prices for Brazil, Chile, and Mexico; risk tolerance for Argentina, Costa Rica, and Peru.

Umfang:

1 online resource: illustrations (black and white);

Anmerkungen:

September 2022.

Schlagworte:

International Finance