Table 3.
Open in new tab

The effect of listing on IMF portfolio inflows and outflows

Dependent variable:
IMF inflowsIMF outflowsIMF inflowsIMF outflowsIMF inflowsIMF outflows
(1)(2)(3)(4)(5)(6)
Listing−0.0190.386−0.064−0.417**−0.113−0.532***
(0.045)(0.414)(0.113)(0.172)(0.131)(0.196)
Inflation−0.005*−0.188***−0.018*−0.093***
(0.003)(0.025)(0.010)(0.015)
GDP growth (percent change)0.020***−0.214***0.005−0.061***
(0.006)(0.059)(0.013)(0.019)
Real exchange rate−0.000***0.001***−0.0000.000***
(0.000)(0.000)(0.000)(0.000)
Credit-to-GDP ratio0.005***0.0030.0060.000
(0.002)(0.016)(0.004)(0.007)
Debt-to-GDP ratio0.007**−0.001−0.0010.001
(0.003)(0.026)(0.001)(0.002)
Money supply0.001−0.0090.007*−0.012**
(0.001)(0.012)(0.003)(0.005)
Interest rate spread0.028***−0.029−0.0120.044***
(0.006)(0.058)(0.009)(0.014)
Observations4884882,2442,2442,0402,040
Country-fixed effects√√√√√√
Time-fixed effects√√√√√√
Multiple imputation√√
Dependent variable:
IMF inflowsIMF outflowsIMF inflowsIMF outflowsIMF inflowsIMF outflows
(1)(2)(3)(4)(5)(6)
Listing−0.0190.386−0.064−0.417**−0.113−0.532***
(0.045)(0.414)(0.113)(0.172)(0.131)(0.196)
Inflation−0.005*−0.188***−0.018*−0.093***
(0.003)(0.025)(0.010)(0.015)
GDP growth (percent change)0.020***−0.214***0.005−0.061***
(0.006)(0.059)(0.013)(0.019)
Real exchange rate−0.000***0.001***−0.0000.000***
(0.000)(0.000)(0.000)(0.000)
Credit-to-GDP ratio0.005***0.0030.0060.000
(0.002)(0.016)(0.004)(0.007)
Debt-to-GDP ratio0.007**−0.001−0.0010.001
(0.003)(0.026)(0.001)(0.002)
Money supply0.001−0.0090.007*−0.012**
(0.001)(0.012)(0.003)(0.005)
Interest rate spread0.028***−0.029−0.0120.044***
(0.006)(0.058)(0.009)(0.014)
Observations4884882,2442,2442,0402,040
Country-fixed effects√√√√√√
Time-fixed effects√√√√√√
Multiple imputation√√

Note: *p < 0.1; **p < 0.05; ***p < 0.01.

Table 3.
Open in new tab

The effect of listing on IMF portfolio inflows and outflows

Dependent variable:
IMF inflowsIMF outflowsIMF inflowsIMF outflowsIMF inflowsIMF outflows
(1)(2)(3)(4)(5)(6)
Listing−0.0190.386−0.064−0.417**−0.113−0.532***
(0.045)(0.414)(0.113)(0.172)(0.131)(0.196)
Inflation−0.005*−0.188***−0.018*−0.093***
(0.003)(0.025)(0.010)(0.015)
GDP growth (percent change)0.020***−0.214***0.005−0.061***
(0.006)(0.059)(0.013)(0.019)
Real exchange rate−0.000***0.001***−0.0000.000***
(0.000)(0.000)(0.000)(0.000)
Credit-to-GDP ratio0.005***0.0030.0060.000
(0.002)(0.016)(0.004)(0.007)
Debt-to-GDP ratio0.007**−0.001−0.0010.001
(0.003)(0.026)(0.001)(0.002)
Money supply0.001−0.0090.007*−0.012**
(0.001)(0.012)(0.003)(0.005)
Interest rate spread0.028***−0.029−0.0120.044***
(0.006)(0.058)(0.009)(0.014)
Observations4884882,2442,2442,0402,040
Country-fixed effects√√√√√√
Time-fixed effects√√√√√√
Multiple imputation√√
Dependent variable:
IMF inflowsIMF outflowsIMF inflowsIMF outflowsIMF inflowsIMF outflows
(1)(2)(3)(4)(5)(6)
Listing−0.0190.386−0.064−0.417**−0.113−0.532***
(0.045)(0.414)(0.113)(0.172)(0.131)(0.196)
Inflation−0.005*−0.188***−0.018*−0.093***
(0.003)(0.025)(0.010)(0.015)
GDP growth (percent change)0.020***−0.214***0.005−0.061***
(0.006)(0.059)(0.013)(0.019)
Real exchange rate−0.000***0.001***−0.0000.000***
(0.000)(0.000)(0.000)(0.000)
Credit-to-GDP ratio0.005***0.0030.0060.000
(0.002)(0.016)(0.004)(0.007)
Debt-to-GDP ratio0.007**−0.001−0.0010.001
(0.003)(0.026)(0.001)(0.002)
Money supply0.001−0.0090.007*−0.012**
(0.001)(0.012)(0.003)(0.005)
Interest rate spread0.028***−0.029−0.0120.044***
(0.006)(0.058)(0.009)(0.014)
Observations4884882,2442,2442,0402,040
Country-fixed effects√√√√√√
Time-fixed effects√√√√√√
Multiple imputation√√

Note: *p < 0.1; **p < 0.05; ***p < 0.01.

Close
This Feature Is Available To Subscribers Only

Sign In or Create an Account

Close

This PDF is available to Subscribers Only

View Article Abstract & Purchase Options

For full access to this pdf, sign in to an existing account, or purchase an annual subscription.

Close