By Linda Goldberg, February 2019
Linda Goldberg of the Federal Reserve of New York talks about her work with Signe Krogstrup on a combined exchange market pressure index, which they use to look at the importance of the global factor in international flows. The currency-depreciation effects for emerging markets of an occurrance led money flow can be five times larger than comparable consequences for advanced economies.
Link: https://voxeu.org/content/international-capital-flow-pressures