Abstract:

Private capital flows, Emerging markets, Procyclicality of financial system, Interest rates, Central bank policy, Econometric models, Global financial cycles, Emerging Market Economies, capital inflows, capital controls, capital markets, volatile capital flows, risk aversion, global financial crisis, stock market, exchange rates, global financial system, capital account restrictions, determinants of capital flows, real effective exchange rate, stock market capitalization, capital transactions, border capital flows, equity prices, foreign exchange, net capital, access to private capital markets, net capital flows, foreign capital, current account deficit, capital movements, foreign capital fl