International financial flows in low income countries

Analysis of the behaviour of these flows during the 2003–2007 global boom, the 2008–2009 crisis and the 2010–2012 recovery phase

Abstract

This paper is part of a research project on macroeconomic policy in low‐income countries supported by the UK’s Department for International Development (DFID).

For a sample of low‐income countries, the authors analyse the behaviour of international financial flows during 3 periods: (i) the 2003–2007 global boom; (ii) the 2008–2009 crisis; and (iii) the 2010–2012 recovery phase. In particular, they examine aid‐adjusted net financial inflows, debt inflows, foreign direct investment inflows and official reserve outflows. They highlight the role of country characteristics in explaining the cross‐country variation in international financial flows during these different phases.

Citation

Lane, P. R. (2015), International financial flows in low income countries. Pacific Economic Review, 20: 49-72. doi:10.1111/1468-0106.12094

International financial flows in low income countries

Published 20 February 2015