Private portfolio flows to a country tend to rise in response to an increase in the current account deficit, a rise in foreign direct investment flows, higher p

This book analyzes the process of international financial integration and the structural forces driving private capital to developing countries. Against this ba

Recent changes in technology, along with the opening up of many regions previously closed to investment, have led to explosive growth in the international movem

This paper documents the evolution of gross and net capital flows to emerging market economies and surveys the large literature on the potential drivers. While