How Important is the Global Financial Cycle? Evidence from Capital Flows photograph

How Important Is The Global Financial Cycle? Evidence From Capital Flows

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Originally published September 2017
Authors Andrew Rose
Stijn Claessens
Mr. Eugenio M Cerutti
Date of Reg.
Date of Upd.
ID2180302
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About How Important Is The Global Financial Cycle? Evidence From Capital Flows


This study quantifies the importance of a Global Financial Cycle (GFCy) for capital flows. We use capital flow data dis-aggregated by direction and type between 1990Q1 and 2015Q5 for 85 countries, and conventional techniques, models and metrics. . . .

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