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Capital flows, exchange rates and financial conditions in EMEs in an evolving international monetary system

In: Capital flows, exchange rates and financial conditions in EMEs in an evolving international monetary system

Author

Listed:
  • Paolo Cavallino
  • Torsten Ehlers
  • Fredy Gamboa
  • Rafael Guerra
  • Berenice Martinez
  • Ilhyock Shim

Abstract

No abstract is available for this item.

Suggested Citation

  • Paolo Cavallino & Torsten Ehlers & Fredy Gamboa & Rafael Guerra & Berenice Martinez & Ilhyock Shim, 2026. "Capital flows, exchange rates and financial conditions in EMEs in an evolving international monetary system," BIS Papers chapters, in: Bank for International Settlements (ed.), Capital flows, exchange rates and financial conditions in EMEs in an evolving international monetary system, volume 127, pages 6-62, Bank for International Settlements.
    • Handle: RePEc:bis:bisbpc:171-01
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    References listed on IDEAS

    as
    1. Mr. Serkan Arslanalp & Mr. Takahiro Tsuda, 2014. "Tracking Global Demand for Emerging Market Sovereign Debt," IMF Working Papers 2014/039, International Monetary Fund.
    2. Sebnem Kalemli-Ozcan & Xiaoxi Liu & Ilhyock Shim, 2021. "Exchange Rate Fluctuations and Firm Leverage," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 69(1), pages 90-121, March.
    3. Boris Hofmann & Ilhyock Shim & Hyun Song Shin, 2020. "Bond Risk Premia and The Exchange Rate," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(S2), pages 497-520, December.
    4. Matteo Maggiori & Brent Neiman & Jesse Schreger, 2020. "International Currencies and Capital Allocation," Journal of Political Economy, University of Chicago Press, vol. 128(6), pages 2019-2066.
    5. Ryan Niladri Banerjee & Boris Hofmann & Ding Xuan Ng & Gabor Pinter, 2025. "The rise of non-bank financial institutions: implications for monetary policy," BIS Bulletins 116, Bank for International Settlements.
    6. Harald Hau & Helene Rey, 2008. "Home Bias at the Fund Level," American Economic Review, American Economic Association, vol. 98(2), pages 333-338, May.
    7. Timmer, Yannick, 2018. "Cyclical investment behavior across financial institutions," Journal of Financial Economics, Elsevier, vol. 129(2), pages 268-286.
    8. Hyun Song Shin & Philip Wooldridge & Dora Xia, 2025. "US dollar's slide in April 2025: the role of FX hedging," BIS Bulletins 105, Bank for International Settlements.
    9. Carol Bertaut & Valentina Bruno & Hyun Song Shin, 2023. "Original sin redux: role of duration risk," BIS Working Papers 1109, Bank for International Settlements.
    10. Mr. Nicolas Arregui & Mr. Selim A Elekdag & Mr. Gaston Gelos & Romain Lafarguette & Dulani Seneviratne, 2018. "Can Countries Manage Their Financial Conditions Amid Globalization?," IMF Working Papers 2018/015, International Monetary Fund.
    11. Valentina Bruno & Ilhyock Shim & Hyun Song Shin, 2022. "Dollar beta and stock returns," Oxford Open Economics, Oxford University Press, vol. 1, pages 1-10.
    12. Burger, John D. & Warnock, Francis E. & Warnock, Veronica Cacdac, 2018. "Currency matters: Analyzing international bond portfolios," Journal of International Economics, Elsevier, vol. 114(C), pages 376-388.
    13. Gustavo Adler & Kyun Suk Chang & Rui C. Mano & Yuting Shao, 2025. "Foreign Exchange Intervention: A Data Set of Official Data and Estimates," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(5), pages 1241-1273, August.
    14. Raphael Auer & Ulf Lewrick & Jan Paulick, 2025. "DeFiying gravity? An empirical analysis of cross-border Bitcoin, Ether and stablecoin flows," BIS Working Papers 1265, Bank for International Settlements.
    15. Patrick McGuire & Ilhyock Shim & Hyun Song Shin & Vladyslav Sushko, 2021. "Outward portfolio investment and dollar funding in emerging Asia," BIS Quarterly Review, Bank for International Settlements, December.
    16. Ilhyock Shim & Torsten Ehlers & Fredy Gamboa & Han Qiu, 2025. "Regional integration amid global fragmentation," BIS Bulletins 102, Bank for International Settlements.
    17. Brandao-Marques, Luis & Gelos, Gaston & Ichiue, Hibiki & Oura, Hiroko, 2022. "Changes in the global investor base and the stability of portfolio flows to emerging markets," Journal of Banking & Finance, Elsevier, vol. 144(C).
    18. Ryan, Ellen, 2024. "Are fund managers rewarded for taking cyclical risks?," Journal of Financial Markets, Elsevier, vol. 68(C).
    19. Valentina Bruno & Hyun Song, 2023. "Dollar and Exports," The Review of Financial Studies, Society for Financial Studies, vol. 36(8), pages 2963-2996.
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