Determinants of Private Capital Flows in a Number of East Asian Countries with Special Reference to Exchange Rate

Farhan, Dr. Sadoon

doi:10.33899/tanra.2010.161904

	Determinants of Private Capital Flows in a Number of East Asian Countries with Special Reference to Exchange Rate
TANMIYAT AL-RAFIDAIN
Article 1, Volume 32, Issue 97, 2010, Pages 9-21 PDF (182.74 K)
Document Type: Research Paper
DOI: 10.33899/tanra.2010.161904
Author
Dr. Sadoon Farhan
Abstract
Abstract This research discusses one of the most important subjects of international finance, the determinants of private capital flows in a number of East Asian Countries. The research aimed at studying and discussing the determinants of the Private Capital's Flows through focusing on the variations of Exchange Rate in several East Asian Countries for the period (1980 - 2005). It is hypothesized that there are many factors affecting the capital flows, and the changes of Exchanges Rate are the most important among them. The research used the theoretical analysis started by the main concepts and ended with the analysis of the theoretical relationship between the determinant factors of the capital flows. The research is enhanced by using a set of instantaneous equations, (2SLS) method is selected to estimate the models of the research. The sample of this research involved three countries (South Korea, Indonesia and Malaysia). The research concluded some results; the most important is that the low variation in Exchanges rate is the main variable which determines the capital flows in the economies of these countries, while it is not seem that there is a significant relationship between Capital's Flow and the other determinants. .
Keywords
Determinants of Private; Capital Flows

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