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How Should We Bank With Foreigners? An Empirical Assessment of Lending Behaviour of International Banks to Six East Asian Countries
Pontines, Victor; Siregar, Reza - Crawford School of Public Policy, Australian National … - 2012
The possible crucial role of international bank lending in the transmission of adverse economic disturbance from advanced economies to emerging economies in the recent global financial crisis has once again placed this type of capital flows into sharper scrutiny both in academic and policy...
Persistent link: https://www.econbiz.de/10011201588
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Differential Impacts of Foreign Capital and Remittance Inflows on Domestic Savings in the Developing Countries: A Dynamic Heterogeneous Panel Analysis
Hossain, Delwar - Crawford School of Public Policy, Australian National … - 2014
The study examines the role of foreign capital and remittance inflows in the domestic savings of 63 developing countries for 1971-2010, paying attention to likely differential effects of FDI, portfolio investment, foreign aid and remittance. The conventional homogeneous panel estimates suggest...
Persistent link: https://www.econbiz.de/10010762633
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Economic Vulnerability and Poverty in Tajikistan
Jha, Raghbendra; Dang, Tu; Tashrifov, Yusuf - Crawford School of Public Policy, Australian National … - 2008
We examine the profile of poverty and vulnerability in Tajikistan using household level panel data for 2004 and 2005. The drop in poverty was largely due to increase in remittances from workers working overseas. People are more likely to be poor if they live in a) rural areas, b) large...
Persistent link: https://www.econbiz.de/10005106859
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Currency Intervention: A Case Study of an Emerging Market
Fry-McKibbin, Renee; Wanaguru, Sumila - Crawford School of Public Policy, Australian National … - 2012
bank to contain excessive exchange rate volatility and to accumulate foreign reserves respectively. In the low volatility … appreciate, accumulating international reserves. The same model estimated for the global volatility period in the second part of … the sample shows the central bank intervening to mitigate excessive exchange rate volatility in line with the short …
Persistent link: https://www.econbiz.de/10011201587
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Risk Sharing in the Middle East and North Africa: The Role of Remittances and Factor Incomes
Balli, Faruk; Basherz, Syed Abul; Louis, Rosmy Jean - Crawford School of Public Policy, Australian National … - 2012
This paper investigates welfare gains and channels of risk sharing among 14 Middle Eastern and North African (MENA) countries, including the oil-rich Gulf region and the resource scarce economies such as Egypt, Morocco and Tunisia. The results show that, for the 1992-2009 period, the overall...
Persistent link: https://www.econbiz.de/10011201645
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Global Banks, Financial Shocks And International Business Cycles: Evidence From An Estimated Model
Kollmann, Robert - Crawford School of Public Policy, Australian National … - 2013
This paper estimates a two-country model with a global bank, using US and Euro Area (EA) data, and Bayesian methods. The estimated model matches key US and EA business cycle statistics. Empirically, a model version with a bank capital requirement outperforms a structure without such a...
Persistent link: https://www.econbiz.de/10011186025
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International Income Risk-Sharing and the Global Financial Crisis of 2008- 2009
Balli, Faruk; Basher, Syed Abul; Balli, Hatice Ozer - Crawford School of Public Policy, Australian National … - 2013
We examine the impact of the global financial crisis on the degree of international income and consumption risk-sharing among industrial economies using returns on cross-border portfolio holdings (e.g., debt, equity, FDI). We split the returns from the net foreign holdings as receipts (inflows)...
Persistent link: https://www.econbiz.de/10011186028
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The determinants of the volatility of returns on cross-border asset holdings
Balli, Faruk; Basher, Syed Abul; Rana, Faisal - Crawford School of Public Policy, Australian National … - 2014
number of findings regarding the determinants of the volatility of returns on cross-border asset holdings (i.e., equity and … volatility, whereas more financial integration and a greater share held in Organization for Economic Cooperation and Development … countries and by the household sector cause a reduction in the return volatility. Larger asset holdings by offshore financial …
Persistent link: https://www.econbiz.de/10010860345
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Financial Contagion and the Real Economy
Baur, Dirk G. - Crawford School of Public Policy, Australian National … - 2010
The global financial crisis of 2008 was a crisis affecting both the financial sector and the “real economy”. This paper analyzes the transmission of unexpected shocks from the financial sector in the US to other countries and sectors. We test the hypothesis that the financial crisis spread...
Persistent link: https://www.econbiz.de/10010860358
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AN UNOBSERVED COMPONENTS COMMON CYCLE FOR AUSTRALIA? IMPLICATIONS FOR A COMMON CURRENCY
Hall, Viv; McDermott, John - Crawford School of Public Policy, Australian National … - 2008
An important requirement, prior to countries’ adopting a common currency or maintaining an independent monetary policy, is establishing the extent to which they share a common economic cycle and how susceptible they are to region-specific shocks. For example, Kouparitsas (2001) has examined...
Persistent link: https://www.econbiz.de/10010860359