Financial flows, global interest rates, and political integration

研究成果: Article査読

2 被引用数 (Scopus)

抄録

This paper empirically analyzes international financial flows using data from 2000 to 2016. Using a factor model to calculate a proxy for global interest rates, we confirm that national real interest rates include global elements, particularly those of advanced countries. Thus, interest rate differentials have no significant influence on the financial flows of advanced countries. On the other hand, we find that exchange rates and political integration more consistently influence investment decisions on forming financial portfolios than interest rates.

本文言語English
ページ(範囲)313-320
ページ数8
ジャーナルFinance Research Letters
31
DOI
出版ステータスPublished - 2019 12

ASJC Scopus subject areas

  • 財務

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