Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109216
Authors: 
Mina, Wasseem
Year of Publication: 
2015
Series/Report no.: 
Economics Discussion Papers 2015-24
Abstract: 
This paper examines the influence of political risk guarantees of bilateral investment treaties on debt and equity flows using panel data on middle income countries for the period 1984-2011. Adopting system GMM methodology, the paper empirically finds that ratified bilateral investment treaties with OECD countries have a combined positive influence on non-guaranteed debt flows and a direct positive influence on portfolio equity flows. The results highlight the importance of considering political risk guarantees in financial integration, regulation of financial markets and institutions, and capital liberalization.
Subjects: 
political risk guarantees
bilateral investment treaties
capital flows
debt flows
equity flows
JEL: 
F21
F34
G15
G18
K33
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/
Document Type: 
Working Paper

Files in This Item:
File
Size
734.17 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.