Exchange rate regimes as thresholds: The main determinants of capital inflows in emerging market economies

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dc.authoridTasdemir, Fatma/0000-0001-8706-7942
dc.authoridOzmen, Erdal/0000-0002-9333-8339
dc.contributor.authorOzmen, Erdal
dc.contributor.authorTasdemir, Fatma
dc.date.accessioned2025-03-23T19:41:56Z
dc.date.available2025-03-23T19:41:56Z
dc.date.issued2023
dc.departmentSinop Üniversitesi
dc.description.abstractWe investigate whether the impacts of the main push (global financial conditions, GFC) and pull (growth) factors on capital inflows are invariant to endogenously estimated thresholds for exchange rate regimes (ERRs) in emerging market economies. The impact of GFC is higher under more flexible ERRs for aggregate capital and portfolio inflows. FDI inflows are determined by growth. The sensitivity of aggregate and other investment inflows to growth is higher under more rigid ERRs. Our results also suggest that managed ERRs encourage capital inflows by allowing countries to import the monetary policy credibility of the anchored country and to provide an exchange rate guarantee. Copyright (c) 2023 Borsa Istanbul Anonim S,irketi. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
dc.identifier.doi10.1016/j.bir.2023.08.003
dc.identifier.endpage1288
dc.identifier.issn2214-8450
dc.identifier.issn2214-8469
dc.identifier.issue6
dc.identifier.scopus2-s2.0-85168746193
dc.identifier.scopusqualityQ1
dc.identifier.startpage1282
dc.identifier.urihttps://doi.org/10.1016/j.bir.2023.08.003
dc.identifier.urihttps://hdl.handle.net/11486/6684
dc.identifier.volume23
dc.identifier.wosWOS:001140011700001
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherElsevier
dc.relation.ispartofBorsa Istanbul Review
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WOS_20250323
dc.subjectCapital inflows
dc.subjectEmerging market economies
dc.subjectExchange rate regimes
dc.subjectGlobal financial conditions
dc.subjectPanel threshold model
dc.titleExchange rate regimes as thresholds: The main determinants of capital inflows in emerging market economies
dc.typeArticle

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