IMF paper investigates capital inflows relationships with other factors


A working paper released by the International Monetary Fund in May examines determinants of, and interactions between, capital inflows, financial development and domestic investment in developing countries during 2001–07.

Described as "a period of surging global liquidity and low interest rates", the authors, Oana Luca and Nikola Spatafora, find that reductions in the global price of risk and in domestic borrowing costs were the main contributors to the increase over time in net capital inflows

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