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International Financial Flows and Macro-Financial Risk in SSA

International Financial Flows and Macro-Financial Risk in SSA AbstractWe examine international financial flows to SSA, with a particular focus on the implications for macro-financial risk exposures. While gross and net international financial inflows have increased in recent years, these patterns should be understood in the context of a more robust international balance sheet and a shift in the risk composition of inflows. Over 2001–13, we do not find any evidence of a correlation between international financial inflows and some primary macro-financial risk proxies. Still, the growth in inflows raises the importance of designing and implementing a robust macro-financial stability policy framework. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of African Economies Oxford University Press

International Financial Flows and Macro-Financial Risk in SSA

Journal of African Economies , Volume 25 (4) – Aug 1, 2016

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References (50)

Publisher
Oxford University Press
Copyright
© The Author 2016. Published by Oxford University Press on behalf of the Centre for the Study of African Economies. All rights reserved. For permissions, please email: journals. permissions@oup.com
ISSN
0963-8024
eISSN
1464-3723
DOI
10.1093/jae/ejw008
Publisher site
See Article on Publisher Site

Abstract

AbstractWe examine international financial flows to SSA, with a particular focus on the implications for macro-financial risk exposures. While gross and net international financial inflows have increased in recent years, these patterns should be understood in the context of a more robust international balance sheet and a shift in the risk composition of inflows. Over 2001–13, we do not find any evidence of a correlation between international financial inflows and some primary macro-financial risk proxies. Still, the growth in inflows raises the importance of designing and implementing a robust macro-financial stability policy framework.

Journal

Journal of African EconomiesOxford University Press

Published: Aug 1, 2016

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