01736cas a2200253 a 4500 AALejournalIMF000303 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451924947 1018-5941 BD-DhAAL BD-DhAAL Chen, Zhaohui. Patterns of Capital Flows to Emerging Markets : A Theoretical Perspective / Zhaohui Chen, Mohsin Khan. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews some of the basic patterns of international capital flows to emerging markets in recent years, including the composition of capital flows, intraregional flow patterns, and the geographical distribution of the flows. A theoretical model that sheds new light on these observed patterns is developed. This model focuses on the cost of financing aspect of capital flows, and shows that the patterns of capital flows are influenced by the combined effects of financial market development and growth potential in the recipient countries. The theoretical predictions of the model are shown to be consistent with the stylized facts. Mode of access: Internet Khan, Mohsin. IMF Working Papers; Working Paper ; No. 1997/013 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/013/001.1997.issue-013-en.xml IMF e-Library