NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Global Capital Flows Cycle: Impact on Gross and Net Flows

J. Scott Davis, Giorgio Valente, Eric van Wincoop

NBER Working Paper No. 25721
Issued in April 2019

---- Acknowledgments ----

We gratefully acknowledge financial support from the Bankard Fund for Political Economy and the Hong Kong Institute for Monetary Research. This paper represents the views of the authors, which are not necessarily the views of the Federal Reserve Bank of Dallas, the Federal Reserve System, the Hong Kong Monetary Authority and the Hong Kong Institute for Monetary Research or its Board of Directors, and the National Bureau of Economic Research.

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