The Coming Wave

HKIMR Working Paper No.08/2013

15 Pages Posted: 4 Jul 2013  

George Andrew Karolyi

Cornell University - Johnson Graduate School of Management

David T. Ng

Cornell University

Eswar S. Prasad

Cornell University - Dyson School of Applied Economics and Management; Cornell University - Department of Economics; Brookings Institution; NBER; IZA Institute of Labor Economics

Date Written: June 2013

Abstract

Private investors from emerging market economies are increasingly putting their funds in overseas assets. Understanding the volumes and patterns of the various outflows — sovereign and private — and analyzing what influences them will help shed light on how the landscape of international capital flows is likely to change as emerging market economies become more integrated into global financial markets. We look at the types of capital outflows from emerging markets and describe some preliminary results.

Suggested Citation

Karolyi, George Andrew and Ng, David T. and Prasad, Eswar S., The Coming Wave (June 2013). HKIMR Working Paper No.08/2013. Available at SSRN: https://ssrn.com/abstract=2289579 or http://dx.doi.org/10.2139/ssrn.2289579

George Andrew Karolyi

Cornell University - Johnson Graduate School of Management ( email )

Ithaca, NY 14853
United States

David T. Ng (Contact Author)

Cornell University ( email )

Ithaca, NY 14853
United States

Eswar S. Prasad

Cornell University - Dyson School of Applied Economics and Management ( email )

440 Warren Hall
Ithaca, NY 14853
United States

HOME PAGE: http://prasad.aem.cornell.edu

Cornell University - Department of Economics ( email )

414 Uris Hall
Ithaca, NY 14853-7601
United States

Brookings Institution ( email )

1775 Massachusetts Ave, NW
Washington, DC 20036
United States

NBER ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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