Description |
1 online resource (43 pages) : illustrations. |
Physical Medium |
polychrome |
Description |
text file |
Series |
IMF working paper ; WP/12/242.
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IMF working paper ; no. 12/242.
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Bibliography |
Includes bibliographical references. |
Summary |
In this paper we investigate whether better information about the macroeconomic environment of an economy has a positive impact on its capital inflows, namely portfolio and foreign direct investment (FDI). The purpose of our study is to explicitly quantify information asymmetries by compliance with the IMF's Special Data Dissemination Standard (SDDS). For FDI, we find statistically significant and robust support for this hypothesis: SDDS subscription increased inflows by an economically relevant magnitude of about 60 percent. We also find evidence of aversion against political and macroeconomic risk as determinants of portfolio and FDI flows anduse a non-parametric test for spatial correlation in the residual of capital flows. |
Note |
"October 2012." |
Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
Subject |
Capital movements.
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Capital movements. |
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Macroeconomics.
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Macroeconomics. |
Genre/Form |
Electronic books.
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Added Author |
Wacker, Konstantin M.
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ISBN |
9781475512656 electronic book |
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1475512651 electronic book |
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9781475511925 |
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9781475512625 |
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