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Financial Globalization and Economic Policies
Kose, M. Ayhan; Prasad, Eswar; Rogoff, Kenneth; Wei, … - Institute for the Study of Labor (IZA) - 2009
We review the large literature on various economic policies that could help developing economies effectively manage the process of financial globalization. Our central findings indicate that policies promoting financial sector development, institutional quality and trade openness appear to help...
Persistent link: https://www.econbiz.de/10005763826
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Recovery Performance of Primary Agriculture Credit Societies in India: An Assessment
Mazumder, Rabin; Chakravarty, Chandrasekhar; Bhandari, … - Institute for the Study of Labor (IZA) - 2014
Agricultural credit is one of the most crucial inputs in all agricultural development programmes. Access of rural credit has still remained scarce in India. Primary Agriculture Credit Societies (PACS) working at grass-root level, having direct contact with the rural people and meet their...
Persistent link: https://www.econbiz.de/10011100176
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Monetary Commitment and Structural Reforms: A Dynamic Panel Analysis for Transition Economies
Belke, Ansgar; Vogel, Lukas - Institute for the Study of Labor (IZA) - 2012
This paper examines the contemporaneous relationship between the exchange rate regime and structural economic reforms for a sample of CEEC/CIS transition countries. We investigate empirically whether structural reforms are complements or substitutes for monetary commitment in the attempt to...
Persistent link: https://www.econbiz.de/10010570785
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Does Openness to International Financial Flows Contribute to Productivity Growth?
Kose, M. Ayhan; Prasad, Eswar; Terrones, Marco E. - Institute for the Study of Labor (IZA) - 2008
boost TFP growth while external debt is actually negatively correlated with TFP growth. The negative relationship between … external debt liabilities and TFP growth is attenuated in economies with higher levels of financial development and better …
Persistent link: https://www.econbiz.de/10005822435
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The Role of Demographics in Precipitating Crises in Financial Institutions
Macunovich, Diane - Institute for the Study of Labor (IZA) - 2009
There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...
Persistent link: https://www.econbiz.de/10008565208
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Economic Governance of MFIs: Inside the Black Box
Arun, Thankom; Annim, Samuel Kobina - Institute for the Study of Labor (IZA) - 2010
This paper investigates a relationship between economic governance and the dual objectives of Microfinance Institutions (MFIs): poverty reduction and financial viability. Using an unbalanced panel of 531 MFIs the important role of other institutions such as country-level business registry...
Persistent link: https://www.econbiz.de/10008455552
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Distributional Effects of Macroeconomic Policy Choices in Emerging Market Economies
Prasad, Eswar - Institute for the Study of Labor (IZA) - 2013
Distributional consequences typically receive limited attention in economic models that analyze the effects of monetary and financial sector policies. These consequences deserve more attention since financial markets are incomplete, imperfect, and economic agents' access to them is often...
Persistent link: https://www.econbiz.de/10010885185
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Why Some Firms Export? An Empirical Analysis for Manufacturing Firms in the MENA Region
Fakih, Ali; Ghazalian, Pascal L. - Institute for the Study of Labor (IZA) - 2013
This paper analyzes the exporting behaviour of manufacturing firms located in the Middle East and North Africa (MENA) region using data from the World Bank's Enterprise Surveys Database. It specifically examines the factors that determine the probability of exporting and the export intensity of...
Persistent link: https://www.econbiz.de/10010959555
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Foreign Capital and Economic Growth
Prasad, Eswar; Rajan, Raghuram G.; Subramanian, Arvind - Institute for the Study of Labor (IZA) - 2007
We document the recent phenomenon of "uphill" flows of capital from nonindustrial to industrial countries and analyze whether this pattern of capital flows has hurt growth in nonindustrial economies that export capital. Surprisingly, we find that there is a positive correlation between current...
Persistent link: https://www.econbiz.de/10005233751
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Role Reversal in Global Finance
Prasad, Eswar - Institute for the Study of Labor (IZA) - 2011
dominated by foreign-currency debt and have instead shifted sharply towards direct investment and portfolio equity. Their … enormous and rising public debt burdens of reserve currency economies, this means that the long-term risk on emerging markets … distortions while facilitating a quicker adjustment of global imbalances. I also argue that emerging markets have become less …
Persistent link: https://www.econbiz.de/10009325444