Composition of capital flows
Subtitle: a survey
By: Koralai Kirabaeva, Assaf Razin
Contributors: Razin, Assaf; Razin, Assaf; National Bureau of Economic Research
Series: NBER working paper series -- working paper 16492; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16492.
Publisher: National Bureau of Economic Research
Published: 2010
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] :
Description: "We survey several mechanisms that explain the composition of international capital flows: foreign direct investment, foreign portfolio investment and debt flows (bank loans and bonds).  We focus on information frictions such as adverse selection and moral hazard, and exposure to liquidity shocks, and discuss the following implications for composition of capital flows: 1.  home court information advantage; 2.  panic-based capital-flow reversals; 3.  information-liquidity trade-off in the presence of source and host country liquidity shocks; 4.  moral hazard in international debt contracts; and 5.  risk sharing role of domestic bonds in the presence of home bias in goods and equity"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 3/15/2011.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.