Similar Search Results

Sinn, Stefan - Institut für Weltwirtschaft (IfW) - 1991

This paper discusses the difference between Fisherian and Ricardian trade in terms of a simple two-period model of a small open economy. Fisherian or intertemporal trade occurs when goods are traded today against the promise to deliver goods in the future. The resulting net resource transfer is...

Persistent link: https://www.econbiz.de/10009276261

Southern enlargement of the European Union and capital account liberalization: Lessons for Central and Eastern Europe

Buch, Claudia M.; Heinrich, Ralph P.; Piazolo, Daniel - Institut für Weltwirtschaft (IfW) - 1998

investment activities. Rather, domestic economic policy has to change in accordance: Liberalization matters, not only membership. …

Persistent link: https://www.econbiz.de/10009276349

Financing the transition: Risks and benefits of integrating into the international capital market

Buch, Claudia M.; Heinrich, Ralph P. - Institut für Weltwirtschaft (IfW) - 1997

for the reform states of Central and Eastern Europe. Its major findings are that domestic investment conditions matter and … controls on capital flows is highly questionable. Moreover, capital controls raise the irreversibility of investment projects … and may cause the postponement of investment decisions. The countries under review have made substantial progress towards …

Persistent link: https://www.econbiz.de/10009276090

Unit root tests of the current account balance: implications for international capital mobility

Gundlach, Erich; Sinn, Stefan - Institut für Weltwirtschaft (IfW) - 1991

This paper assesses the extent of international capital mobility in a time series context. It explores the possibility that the current account balance of different OECD-countries contains a unit root. It is shown that if the ratio of the current account balance to GDP is found to be integrated...

Persistent link: https://www.econbiz.de/10009276449

The Feldstein-Horioka paradox: A selective survey of the literature

Lapp, Susanne - Institut für Weltwirtschaft (IfW) - 1996

imperfections in causing saving-investment corrrelations has hardly been investigated so far. … between national savings and domestic investment emerges as a robust empirical regularity. If this regularity is to be …

Persistent link: https://www.econbiz.de/10009276713

The Effectiveness of Capital Controls ; The Case of Slovenia

Buch, Claudia M.; Hanschel, Elke - Institut für Weltwirtschaft (IfW) - 1999

Similar to Chile in the 1990s, Slovenia has introduced an unremunerated reserve requirement (URR) on financial credits in 1995. We find that the URR has not been effective in reducing overall inflows of foreign capital. Hence, the gain in monetary autonomy has been limited. While the overall...

Persistent link: https://www.econbiz.de/10005700584

Too Much, Too Little, or Too Volatile? International Capital Flows to Developing Countries in the 1990s

Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2001

Developing countries are constrained in financing current account deficits as real capital mobility is still far from perfect. At the same time, capital flows to these countries proved to be extremely volatile. The paper argues that the long-term problem of "too little" should not be confused...

Persistent link: https://www.econbiz.de/10005818922

Home-Product Bias, Capital Mobility, and the Effects of Monetary Policy Shocks in Open Economies

Pierdzioch, Christian - Institut für Weltwirtschaft (IfW) - 2003

This paper uses a dynamic general equilibrium two-country optimizing model to analyze the consequences of international capital mobility for the effects of monetary policy in open economies. The model shows that the difference between the short-run output effects of monetary policy shocks in a...

Persistent link: https://www.econbiz.de/10005700612

Capital Mobility, Consumption Substitutability, and the Effectiveness of Monetary Policy in Open Economies

Pierdzioch, Christian - Institut für Weltwirtschaft (IfW) - 2002

This paper uses a dynamic general equilibrium two-country optimizing model to analyze the consequences of international capital mobility for the effectiveness of monetary policy in open economies. The model shows that the substitutability of goods produced in different countries plays a central...

Persistent link: https://www.econbiz.de/10005700635

Avoiding the Trap: The Dynamic Interaction of North-South Capital Mobility and Technology Diffusion

Hübler, Michael - Institut für Weltwirtschaft (IfW) - 2009

This paper analyzes a stylized model of international capital mobility and diffusion of embodied technologies from North to South. The South can fall behind in terms of technologies or get trapped in a situation, in which it is unable to attract foreign capital and embodied technologies, if its...

Persistent link: https://www.econbiz.de/10005076090

1
2
3
4
5
6
7
8
9
10
Next
Last