We decompose capital flows -- both debt and equity -- into public and private components and study their relationship with productivity growth. This exercise re

"Gross stocks of foreign assets have increased rapidly relative to national outputs since 1990, and the short-run capital gains and losses on those assets can a

This study provides a candid, systematic, and critical review of recent evidence on this complex subject. Based on a review of the literature and some new empir

This paper assesses the role of bank and nonbank financial institutions’ balance sheet foreign exposures and risk management practices in driving capital flow