{"id":"https://openalex.org/W4392882227","doi":"https://doi.org/10.1016/j.intfin.2024.101980","title":"Capital flow dynamics and the synchronization of financial cycles and business cycles in emerging market economies","display_name":"Capital flow dynamics and the synchronization of financial cycles and business cycles in emerging market economies","publication_year":2024,"publication_date":"2024-03-16","ids":{"openalex":"https://openalex.org/W4392882227","doi":"https://doi.org/10.1016/j.intfin.2024.101980"},"language":"en","primary_location":{"id":"doi:10.1016/j.intfin.2024.101980","doi":"https://doi.org/10.1016/j.intfin.2024.101980","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.intfin.2024.101980","pdf_url":null,"source":{"id":"https://openalex.org/S82743730","display_name":"Journal of International Financial Markets Institutions and Money","issn_l":"1042-4431","issn":["1042-4431","1873-0612"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-3","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of International Financial Markets, Institutions and Money","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://doi.org/10.1016/j.intfin.2024.101980","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5024961292","display_name":"Solikin M. Juhro","orcid":"https://orcid.org/0000-0002-9405-8371","observed_orcids":["https://orcid.org/0000-0002-9405-8371"]},"institutions":[{"id":"https://openalex.org/I202899961","display_name":"Bank Indonesia","ror":"https://ror.org/049krfp54","country_code":"ID","type":"other","lineage":["https://openalex.org/I202899961"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Solikin M. Juhro","raw_affiliation_strings":["Bank Indonesia Institute, Bank Indonesia, Indonesia"],"raw_orcid":"https://orcid.org/0000-0002-9405-8371","affiliations":[{"raw_affiliation_string":"Bank Indonesia Institute, Bank Indonesia, Indonesia","institution_ids":["https://openalex.org/I202899961"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5019955517","display_name":"Bernard Njindan Iyke","orcid":"https://orcid.org/0000-0002-9217-1856","observed_orcids":["https://orcid.org/0000-0002-9217-1856"]},"institutions":[{"id":"https://openalex.org/I196829312","display_name":"La Trobe University","ror":"https://ror.org/01rxfrp27","country_code":"AU","type":"education","lineage":["https://openalex.org/I196829312"]}],"countries":["AU"],"is_corresponding":true,"raw_author_name":"Bernard Njindan Iyke","raw_affiliation_strings":["La Trobe Business School, La Trobe University, Melbourne, Australia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"La Trobe Business School, La Trobe University, Melbourne, Australia","institution_ids":["https://openalex.org/I196829312"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5030330197","display_name":"Paresh Kumar Narayan","orcid":"https://orcid.org/0000-0001-7934-8146","observed_orcids":["https://orcid.org/0000-0001-7934-8146","https://orcid.org/0000-0002-9429-0031"]},"institutions":[{"id":"https://openalex.org/I56590836","display_name":"Monash University","ror":"https://ror.org/02bfwt286","country_code":"AU","type":"education","lineage":["https://openalex.org/I56590836"]}],"countries":["AU"],"is_corresponding":false,"raw_author_name":"Paresh Kumar Narayan","raw_affiliation_strings":["Monash Business School, Monash University, Melbourne, Australia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Monash Business School, Monash University, Melbourne, Australia","institution_ids":["https://openalex.org/I56590836"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5019955517"],"corresponding_institution_ids":["https://openalex.org/I196829312"],"apc_list":{"value":2840,"currency":"USD","value_usd":2840},"apc_paid":{"value":2840,"currency":"USD","value_usd":2840},"fwci":7.5043,"has_fulltext":true,"cited_by_count":23,"citation_normalized_percentile":{"value":0.97300439,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":99},"biblio":{"volume":"92","issue":null,"first_page":"101980","last_page":"101980"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.9955999851226807,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.9955999851226807,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.003700000001117587,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/capital-flow-volatility","display_name":"capital flow volatility","score":0.7620000243186951},{"id":"https://openalex.org/keywords/financial-cycles","display_name":"financial cycles","score":0.9139999747276306},{"id":"https://openalex.org/keywords/business-cycles","display_name":"business cycles","score":0.996999979019165},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"emerging markets","score":0.9430000185966492},{"id":"https://openalex.org/keywords/cycle-synchronization","display_name":"cycle synchronization","score":0.7670000195503235},{"id":"https://openalex.org/keywords/international-financial-linkages","display_name":"international financial linkages","score":0.6340000033378601}],"concepts":[{"id":"https://openalex.org/C2991741723","wikidata":"https://www.wikidata.org/wiki/Q8137","display_name":"Capital flows","level":3,"score":0.7148042321205139},{"id":"https://openalex.org/C83873408","wikidata":"https://www.wikidata.org/wiki/Q192311","display_name":"Business cycle","level":2,"score":0.5831597447395325},{"id":"https://openalex.org/C2778562939","wikidata":"https://www.wikidata.org/wiki/Q1298791","display_name":"Synchronization (alternating current)","level":3,"score":0.5701607465744019},{"id":"https://openalex.org/C121087249","wikidata":"https://www.wikidata.org/wiki/Q546395","display_name":"Emerging markets","level":2,"score":0.5164487361907959},{"id":"https://openalex.org/C38349280","wikidata":"https://www.wikidata.org/wiki/Q1434290","display_name":"Flow (mathematics)","level":2,"score":0.5122739672660828},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4986746311187744},{"id":"https://openalex.org/C145912823","wikidata":"https://www.wikidata.org/wiki/Q113558","display_name":"Dynamics (music)","level":2,"score":0.4938707947731018},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.42346641421318054},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.4129786193370819},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.39378565549850464},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.37531331181526184},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3434206545352936},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3133303225040436},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.27509623765945435},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.2598135471343994},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.11881163716316223},{"id":"https://openalex.org/C57879066","wikidata":"https://www.wikidata.org/wiki/Q41217","display_name":"Mechanics","level":1,"score":0.09377488493919373},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.07931742072105408},{"id":"https://openalex.org/C24890656","wikidata":"https://www.wikidata.org/wiki/Q82811","display_name":"Acoustics","level":1,"score":0.0},{"id":"https://openalex.org/C127162648","wikidata":"https://www.wikidata.org/wiki/Q16858953","display_name":"Channel (broadcasting)","level":2,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C58823610","wikidata":"https://www.wikidata.org/wiki/Q746418","display_name":"Liberalization","level":2,"score":0.0},{"id":"https://openalex.org/C31258907","wikidata":"https://www.wikidata.org/wiki/Q1301371","display_name":"Computer network","level":1,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1016/j.intfin.2024.101980","doi":"https://doi.org/10.1016/j.intfin.2024.101980","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.intfin.2024.101980","pdf_url":null,"source":{"id":"https://openalex.org/S82743730","display_name":"Journal of International Financial Markets Institutions and Money","issn_l":"1042-4431","issn":["1042-4431","1873-0612"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-3","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of International Financial Markets, Institutions and Money","raw_type":"journal-article"},{"id":"pmh:oai:monash.edu:openaire/72b775c0-4f61-4810-bce4-ac3f52f60714","doi":null,"is_oa":true,"landing_page_url":"https://researchmgt.monash.edu/ws/files/604701016/602407506_oa.pdf","pdf_url":"https://researchmgt.monash.edu/ws/files/604701016/602407506_oa.pdf","source":{"id":"https://openalex.org/S4306402625","display_name":"Monash University Research Portal (Monash University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I56590836","host_organization_name":"Monash University","host_organization_lineage":["https://openalex.org/I56590836"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Juhro, S M, Iyke, B N & Narayan, P K 2024, 'Capital flow dynamics and the synchronization of financial cycles and business cycles in emerging market economies', Journal of International Financial Markets, Institutions and Money, vol. 92, 101980. https://doi.org/10.1016/j.intfin.2024.101980","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:RePEc:idn:wpaper:wp022021","doi":null,"is_oa":false,"landing_page_url":"http://publication-bi.org/repec/idn/wpaper/WP022021.pdf","pdf_url":"http://publication-bi.org/repec/idn/wpaper/WP022021.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:RePEc:eee:intfin:v:92:y:2024:i:c:s1042443124000465","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S1042443124000465","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.1016/j.intfin.2024.101980","doi":"https://doi.org/10.1016/j.intfin.2024.101980","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.intfin.2024.101980","pdf_url":null,"source":{"id":"https://openalex.org/S82743730","display_name":"Journal of International Financial Markets Institutions and Money","issn_l":"1042-4431","issn":["1042-4431","1873-0612"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-3","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of International Financial Markets, Institutions and Money","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Decent work and economic growth","score":0.48510000109672546,"id":"https://metadata.un.org/sdg/8"}],"sustainable_development_goals_aurora":[{"display_name":"Decent work and economic growth","score":0.5,"id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":56,"referenced_works":["https://openalex.org/W1856881570","https://openalex.org/W1952652126","https://openalex.org/W1982305615","https://openalex.org/W1985753678","https://openalex.org/W1992715701","https://openalex.org/W2012871608","https://openalex.org/W2017692451","https://openalex.org/W2035777923","https://openalex.org/W2049634712","https://openalex.org/W2056629439","https://openalex.org/W2066356831","https://openalex.org/W2168876779","https://openalex.org/W2171826116","https://openalex.org/W2188343548","https://openalex.org/W2190999966","https://openalex.org/W2341785811","https://openalex.org/W2436615995","https://openalex.org/W2462560862","https://openalex.org/W2502426785","https://openalex.org/W2523647280","https://openalex.org/W2530825979","https://openalex.org/W2531204024","https://openalex.org/W2555656805","https://openalex.org/W2576268389","https://openalex.org/W2756586516","https://openalex.org/W2789367413","https://openalex.org/W2908035210","https://openalex.org/W2922305630","https://openalex.org/W2941533374","https://openalex.org/W2942697651","https://openalex.org/W2944915591","https://openalex.org/W2949201886","https://openalex.org/W2970391960","https://openalex.org/W2972350309","https://openalex.org/W3008528551","https://openalex.org/W3016156866","https://openalex.org/W3021095747","https://openalex.org/W3032415168","https://openalex.org/W3044119150","https://openalex.org/W3092047945","https://openalex.org/W3115461321","https://openalex.org/W3121758494","https://openalex.org/W3121830457","https://openalex.org/W3122037906","https://openalex.org/W3122106638","https://openalex.org/W3122219577","https://openalex.org/W3122505188","https://openalex.org/W3122665146","https://openalex.org/W3123490078","https://openalex.org/W3123499721","https://openalex.org/W3124750975","https://openalex.org/W3125408281","https://openalex.org/W3125927983","https://openalex.org/W3159826121","https://openalex.org/W3161607215","https://openalex.org/W4280542850"],"related_works":["https://openalex.org/W3083972898","https://openalex.org/W6930470901","https://openalex.org/W7110595851","https://openalex.org/W7110937095","https://openalex.org/W2802751752","https://openalex.org/W7135584993","https://openalex.org/W7112006677","https://openalex.org/W2993174199","https://openalex.org/W3159710567","https://openalex.org/W2483209752"],"abstract_inverted_index":{"This":[0],"study":[1],"assesses":[2],"the":[3,41,69,92,118],"dynamics":[4,42],"of":[5,43,58,94],"capital":[6,22,76,103],"flow,":[7],"financial":[8,31,48,82],"cycles,":[9,34],"and":[10,32,49,67,74,83,106,127],"business":[11,33,50,84,107],"cycles":[12,24,45,51,66,71,78],"in":[13,40,56,100,117],"Emerging":[14],"Market":[15],"Economies":[16],"(EMEs).":[17],"We":[18],"show":[19],"that:":[20],"(a)":[21],"flow":[23,77],"tend":[25,52,79],"to":[26,53,80,102,123],"be":[27,54],"more":[28],"volatile":[29],"than":[30],"(b)":[35],"although":[36],"significant":[37,61],"heterogeneities":[38],"exist":[39],"these":[44],"across":[46,72],"EMEs,":[47,116],"similar":[55],"terms":[57],"amplitudes,":[59],"(c)":[60],"concordance":[62],"exists":[63],"between":[64,68,115],"different":[65],"same":[70],"countries,":[73],"(d)":[75],"lead":[81],"cycles.":[85,108],"These":[86],"findings":[87],"provide":[88],"clear":[89],"guidance":[90],"on":[91],"use":[93],"central":[95],"bank":[96],"policy":[97],"mix":[98],"strategy":[99],"response":[101],"flows,":[104],"financial,":[105],"Our":[109],"results":[110],"also":[111],"imply":[112],"strong":[113],"interconnection":[114],"sense":[119],"that":[120],"they":[121],"appear":[122],"simultaneously":[124],"experience":[125],"expansions":[126],"recessions.":[128]},"counts_by_year":[{"year":2026,"cited_by_count":6},{"year":2025,"cited_by_count":10},{"year":2024,"cited_by_count":5},{"year":2023,"cited_by_count":2}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2024-03-17T00:00:00"}