Abstract
The previous chapter describes shifts in exports, capital flows and stocks of international debt and significant changes in the world economy. It shows that factors of origin and destination seem to matter and that patterns of trade and finance are clearly biased. A next question is how to distinguish the relevant policy aspects, i.e. the aspects that policy-makers may be able to influence as opposed to aspects that are beyond their control. A suitable method to study this question is constant market share (CMS) analysis. This method has proven useful for the analysis of exports, but is new in the analysis of financial variables.KeywordsCapital FlowCompetition EffectCapital InflowComposition EffectMarket EffectThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call