Goldbach, Stefan ; Nitsch, Volker (2021):
Covid-19 and Capital Flows:
The Responses of Investors to the Responses of Governments. (Publisher's Version)
In: Darmstadt Discussion Papers in Economics, 242, Darmstadt, ISSN 1438-2733,
DOI: 10.26083/tuprints-00019880,
[Report]
|
Text
ddpie_242.pdf Copyright Information: In Copyright. Download (322kB) | Preview |
| Item Type: | Report |
|---|---|
| Status: | Publisher's Version |
| Title: | Covid-19 and Capital Flows: The Responses of Investors to the Responses of Governments |
| Language: | English |
| Abstract: | This paper examines the effect of national government response measures to Covid-19 on German international capital flows. Analyzing highly disaggregated monthly data from the German balance of payments statistics over the period from January 2019 through January 2021, we find that bilateral financial interactions are negatively affected by stricter containment and closure policies as well as health system policies of a partner country, while German capital flows benefit from a partner’s economic support policies. Moreover, to the extent that public interventions to fight the pandemic affect financial interactions, the adjustment mainly takes place along the intensive margin. |
| Series: | Darmstadt Discussion Papers in Economics |
| Series Volume: | 242 |
| Place of Publication: | Darmstadt |
| Collation: | 30 Seiten |
| Classification DDC: | 300 Sozialwissenschaften > 330 Wirtschaft |
| Divisions: | 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete > International Economics |
| Date Deposited: | 15 Nov 2021 08:19 |
| Last Modified: | 15 Nov 2021 08:19 |
| DOI: | 10.26083/tuprints-00019880 |
| URN: | urn:nbn:de:tuda-tuprints-198809 |
| Additional Information: | JEL Code: F36; F60; I18 |
| URI: | https://tuprints.ulb.tu-darmstadt.de/id/eprint/19880 |
| PPN: | |
| Export: |
 |
View Item |
Drucken
Impressum