## dataset overview

## Source details

**Canonical URL:** [dataset overview](https://www.imf.org/-/media/files/publications/gfsr/2017/october/chapter-1/csv-data/figure1-15.csv)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2017/october/chapter-1/csv-data/figure1-15.csv.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2017/october/chapter-1/csv-data/figure1-15.csv.json)

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### Dataset scope and structure
- Title fragments in the dataset: "Figure 1.15. Emerging Market Economy Capital Flows".
- The worksheet name: "csv".
- RowCount: 102. ColumnCount: 49.
- The dataset is organized into four main panels (as labeled in the file):
  - "1. Model Estimates: Cumulative Contributions to Emerging Market Portfolio Flows" (Billions of US dollars)
  - "2. Estimated Cumulative Montly Contributions to Emerging Market Portfolio Flows, 2017�19" (Billions of US dollars)
  - "3. Estimated Cumulative Impact of External Factors on Portfolio Flows" (Percent of GDP)
  - "4. External Financing Requirements" (Percent of GDP)

### Key variables and headings present
- Factors contributing to portfolio flows:
  - "EM domestic factors"
  - "Global risk appetite"
  - "Fed policy expectations"
  - "Portfolio balance (Fed QE)"
- Fed-related flow impacts and scales:
  - "Flows impact of Fed balance sheet reduction"
  - "Flows impact of Fed policy expectations"
  - "Fed balance sheet reduction (right scale)"
- Country-specific columns (examples listed in the header row):
  - "China", "India", "Brazil", "Indonesia", "Turkey", "Poland", "Colombia", "Malaysia", "Chile", "Mexico", "South Africa"
- External financing requirement components:
  - "Current account deficit (2018-20 average)"
  - "Short-term debt on remaining maturity basis (2018-20 average)"
  - "External financing requirement (2018-20 average)"
  - "15% external financing requirement threshold"

### Sample numeric observations (preserve exact values as in dataset sample rows)
- Time-series sample entries (first two sample rows with dates and factor contributions):
  - 1/1/2010: EM domestic factors = -2.17; Global risk appetite = 15.19; Fed policy expectations = 7.73; Portfolio balance (Fed QE) = 2.11.
  - 2/1/2010: EM domestic factors = 7.32; Global risk appetite = 14.73; Fed policy expectations = 11.2; Portfolio balance (Fed QE) = 3.08.
- Fed balance sheet reduction snapshots (date and values shown in sample rows):
  - 10/1/2017: Flows impact of Fed balance sheet reduction = 0; Flows impact of Fed policy expectations = 0; Fed balance sheet reduction (right scale) = -10.
  - 11/1/2017: Flows impact of Fed balance sheet reduction = -0.61; Flows impact of Fed policy expectations = -0.24; Fed balance sheet reduction (right scale) = -20.
  - 11/1/2017 (additional series): values = -0.0014, -0.0030, -0.0057, -0.0060, -0.0072, -0.0086, -0.0124, -0.0124, -0.0138, -0.0155, -0.0176 (presented as a sequence in the row).
- Country sample rows and external financing components:
  - Country code "MYS" row: Current account deficit (2018-20 average) = -1.97; Short-term debt on remaining maturity basis (2018-20 average) = 36.19; External financing requirement (2018-20 average) = 34.22; 15% external financing requirement threshold = 15.00.
  - Country code "TUR" row: Current account deficit (2018-20 average) = 4.39; Short-term debt on remaining maturity basis (2018-20 average) = 22.67; External financing requirement (2018-20 average) = 27.06; 15% external financing requirement threshold = 15.00.

### Analytical implications and potential uses (derived from dataset structure and variables)
- The dataset enables decomposition of emerging market portfolio flows into:
  - EM domestic factors, global risk appetite, Fed policy expectations, and portfolio-balance effects from Fed QE.
- It captures both flow impacts (billions of US dollars) and balance-sheet scale (right-scale Fed balance sheet reduction).
- The external financing requirements panel combines current account deficits and short-term rollover risk to quantify external financing needs (2018-20 averages) against a 15% threshold.
- Time-stamped entries (e.g., 1/1/2010, 10/1/2017, 11/1/2017) support event-based analysis of Fed policy announcements and balance-sheet changes on portfolio flows.

*Dataset: figure1-15.csv (worksheet "csv")*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2017/october/chapter-1/csv-data/figure1-15.csv_