Assaf Razin

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Composition of International Capital Flows: A Survey

Staff Working Paper 2010-33 Koralai Kirabaeva, Assaf Razin
We survey several key mechanisms that explain the composition of international capital flows: foreign direct investment, foreign portfolio investment and debt flows (bank loans and bonds). In particular, we focus on the following market frictions: asymmetric information in capital markets and exposure to liquidity shocks.
Content Type(s): Staff Research, Staff Working Papers Topic(s): International topics JEL Code(s): D, D8, D82, F, F2, F21, F3, F34

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