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International Debts Flows

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  • Ly Dai Hung

    (Vietnam Institute of Economics, Hanoi, Vietnam)

  • Hai Anh Bui Thi
  • Thanh Vo Tri

Abstract

We characterize the determinants of the pattern of cross-border debts flows, using a cross-section regression over a sample of 149 economies over 1990-2019. The net debts inflows is associated with a higher sovereign debts rating, a lower fiscal balance or a higher productivity growth. Thus, the flows of debts are underlined by the store of wealth accumulation across economies. Moreover, in comparison with the prediction by the empirical model, the case studies uncover that Vietnam receives more net debts inflows while Thailand and Japan receives less net debts inflows.

Suggested Citation

  • Ly Dai Hung & Hai Anh Bui Thi & Thanh Vo Tri, 2021. "International Debts Flows," Working Papers hal-03129122, HAL.
    • Handle: RePEc:hal:wpaper:hal-03129122
    Note: View the original document on HAL open archive server: https://hal.science/hal-03129122
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    References listed on IDEAS

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    More about this item

    Keywords

    Net Debts Inflows; Safe Assets; Productivity Growth;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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