Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/298102 
Year of Publication: 
2022
Series/Report no.: 
Discussion Paper No. 269
Publisher: 
Institute for Applied Economic Research (ipea), Brasília
Abstract: 
This paper examines the potential impact of US monetary policy normalization on portfolio capital flows to Emerging Markets Economies (EME) explicitly taking into account the unconventional US monetary policy. We build an econometric model of the drivers of capital flows to EMEs and the results suggest that Brazil maybe less vulnerable than EMEs to changes in US monetary policy.
Subjects: 
capital flows
emerging market economies
unconventional US
monetary policy
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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