Please use this identifier to cite or link to this item: https://hdl.handle.net/11147/11853
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dc.contributor.authorDuran, Hasan Enginen_US
dc.contributor.authorFerreira-Lopes, Alexandraen_US
dc.date.accessioned2021-12-13T08:35:33Z-
dc.date.available2021-12-13T08:35:33Z-
dc.date.issued2022-04en_US
dc.identifier.urihttps://hdl.handle.net/11147/11853-
dc.description.abstractThis study investigates the recent trend of the Feldstein-Horioka puzzle and the underlying reasons for moderation in capital flows. This issue is analysed quite inadequately for the period after the Global Financial Crisis, which represents a crucial turning point for economic climate and policies. The Feldstein-Horioka Puzzle is estimated using the World's 13 largest economies, with panel GMM regression, between 1996 and 2016. We uncover that the Global Financial Crisis had a persistent detrimental effect on capital liberalization, after which the Feldstein-Horioka puzzle has revived and capital mobility has decreased. We suggest two possible explanations for such moderation in capital flows: the increasing risk perception and risk aversion behaviour of fund supplying countries, which increases the home bias, and capital controls against free flow of capital that have been applied after the Global Financial Crisis of 2008/2009.en_US
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.relation.ispartofResearch in International Business and Financeen_US
dc.rightsinfo:eu-repo/semantics/embargoedAccessen_US
dc.subjectCapital Mobilityen_US
dc.subjectFeldstein-Horioka Puzzleen_US
dc.subjectPanel GMMen_US
dc.titleThe revival of the Feldstein-Horioka puzzle and moderation of capital flows after the global financial crisisen_US
dc.typeArticleen_US
dc.authorid0000-0002-0743-9943en_US
dc.institutionauthorDuran, Hasan Enginen_US
dc.departmentİzmir Institute of Technology. City and Regional Planningen_US
dc.identifier.wosWOS:000768006000001en_US
dc.identifier.scopus2-s2.0-85120322416en_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.relation.publicationasen_US
dc.identifier.doi10.1016/j.ribaf.2021.101580-
dc.contributor.affiliationIzmir Institute of Technologyen_US
dc.contributor.affiliationInstituto Universitário de Lisboaen_US
dc.relation.issn0275-5319en_US
dc.description.volume40en_US
dc.identifier.scopusqualityQ1-
item.openairetypeArticle-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.fulltextWith Fulltext-
item.languageiso639-1en-
item.cerifentitytypePublications-
item.grantfulltextopen-
crisitem.author.dept02.03. Department of City and Regional Planning-
Appears in Collections:City and Regional Planning / Şehir ve Bölge Planlama
Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection
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