Journal of Applied Finance & Banking

International Portfolio Movements: Panel Data Analysis

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  • Abstract

    In this study, the effects of GDP per capita growth rates, real exchange rates, Standard and Poorís (S&P) sovereign ratings, the difference between Transition Economiesí (TE) interest rates and USAís interest rates on TEsí net portfolio inflows were analyzed. The results showed that GDP per capita growth rates and S&Pís sovereign ratings have positive effects on TEsí net portfolio inflows. Negative relationship between real exchange rates and TEsí net portfolio inflows was found. And it was also found that when the positive difference between TEsí and US interest rates getting increase, net portfolio inflows increase to.