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In this paper I review the use of precautionary measures aimed at mitigating emerging markets exposure to fragility associated with financial integration. The discussion draws possible lessons from the ongoing global liquidity crisis. The fear of losing international reserves (IR) constrained...
Persistent link: https://www.econbiz.de/10009363868
The comparison of the key features of trade integration processes and the economic outcomes in China and India reveals … China. More generally the extent of liberalisation achieved so far in India and the outcomes it brought about suggest that … manufacturing trade, have gone further and that this is likely one of the key determinants of better economic performance of China …
Persistent link: https://www.econbiz.de/10009365111
intra-industry trade pattern in ChinaJapan trade through which China imports accessories from Japan, processes them and …'s market-oriented investment in China since 2000 has changed the structure of the trade between two countries. We conclude that …
Persistent link: https://www.econbiz.de/10009365153
Japanese foreign direct investment (FDI) into China is analysed using an FDI model that accounts for different modes of … with an increase in FDI by reducing uncertainty in the investment environment. The performance of Japanese FDI into China …
Persistent link: https://www.econbiz.de/10009365420
Since the 1980s, emerging countries have been urged to welcome foreign capital inflows. The result has often been a pattern of surges, where excessive inflows were followed by damaging “sudden stops†and reversals. This was dramatically evident in the Asian crisis of...
Persistent link: https://www.econbiz.de/10011278030
Since the 1980s, emerging countries have been urged to welcome foreign capital inflows. The result has often been a pattern of surges, where excessive inflows were followed by damaging “sudden stops†and reversals. This was dramatically evident in the Asian crisis of...
Persistent link: https://www.econbiz.de/10011278125
The Impossible Trinity doctrine still holds a powerful sway over policymakers, advisors (particularly the International Monetary Fund [IMF]) and academia. In East Asia over the past decade, however, most countries have been able to maintain open capital markets, monetary policy...
Persistent link: https://www.econbiz.de/10009652202
The Impossible Trinity doctrine still holds a powerful sway over policymakers, advisors (particularly the International Monetary Fund [IMF]) and academia. In East Asia over the past decade, however, most countries have been able to maintain open capital markets, monetary policy...
Persistent link: https://www.econbiz.de/10009652207
Since the early 1990s, there is an upsurge in foreign capital flows to developing economies, particularly into emerging markets. One view argues that capital inflows do help to increase efficiency, a better allocation of capital and to fill up the investment-saving gap. Adherents to that view...
Persistent link: https://www.econbiz.de/10009363920
Recently, a dramatic accumulation in foreign exchange reserves has been widely observed in developing countries. This paper explores the possible long-run impacts of this trend on macroeconomic variables in developing countries. We analyze a simple open economy model where increased foreign...
Persistent link: https://www.econbiz.de/10009364008