Goldbach, Stefan ; Nitsch, Volker (2021)
Covid-19 and Capital Flows:
The Responses of Investors to the Responses of Governments.
doi: 10.26083/tuprints-00019880
Report, Erstveröffentlichung, Verlagsversion
Kurzbeschreibung (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.
| Typ des Eintrags: | Report |
|---|---|
| Erschienen: | 2021 |
| Autor(en): | Goldbach, Stefan ; Nitsch, Volker |
| Art des Eintrags: | Erstveröffentlichung |
| Titel: | Covid-19 and Capital Flows: The Responses of Investors to the Responses of Governments |
| Sprache: | Englisch |
| Publikationsjahr: | 2021 |
| Ort: | Darmstadt |
| Reihe: | Darmstadt Discussion Papers in Economics |
| Band einer Reihe: | 242 |
| Kollation: | 30 Seiten |
| DOI: | 10.26083/tuprints-00019880 |
| URL / URN: | https://tuprints.ulb.tu-darmstadt.de/19880 |
| Kurzbeschreibung (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. |
| Status: | Verlagsversion |
| URN: | urn:nbn:de:tuda-tuprints-198809 |
| Zusätzliche Informationen: | JEL Code: F36; F60; I18 |
| Sachgruppe der Dewey Dezimalklassifikatin (DDC): | 300 Sozialwissenschaften > 330 Wirtschaft |
| Fachbereich(e)/-gebiet(e): | 01 Fachbereich Rechts- und Wirtschaftswissenschaften 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete > Fachgebiet Internationale Wirtschaft |
| Hinterlegungsdatum: | 15 Nov 2021 08:19 |
| Letzte Änderung: | 16 Nov 2021 16:26 |
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