Narrow search
Showing 1 - 10 of 175
Cover Image
A Pragmatic Approach to Capital Account Liberalization
Prasad, Eswar; Rajan, Raghuram G. - Institute for the Study of Labor (IZA) - 2008
Cross-country regressions suggest little connection from foreign capital inflows to more rapid economic growth for developing countries and emerging markets. This suggests that the lack of domestic savings is not the primary constraint on growth in these economies, as implicitly assumed in the...
Persistent link: https://www.econbiz.de/10005703740
Cover Image
The Renminbi's Role in the Global Monetary System
Prasad, Eswar; Ye, Lei - Institute for the Study of Labor (IZA) - 2012
changes for the balance and sustainability of China's own economic development as well as the associated implications for the … global monetary system. While China is actively promoting the internationalization of its currency, it is a long way from … attaining full convertibility or meeting other prerequisites for achieving reserve currency status. Ultimately, China will …
Persistent link: https://www.econbiz.de/10009646302
Cover Image
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
Economic theory has identified a number of channels through which openness to international financial flows could raise productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output growth, far less attention has been paid to its...
Persistent link: https://www.econbiz.de/10005822435
Cover Image
Is the Chinese Growth Miracle Built to Last?
Prasad, Eswar - Institute for the Study of Labor (IZA) - 2007
, especially those related to having an open capital account, do not loom large in the case of China. In the process of securing …
Persistent link: https://www.econbiz.de/10005822458
Cover Image
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
Cover Image
Thresholds in the Process of International Financial Integration
Kose, M. Ayhan; Prasad, Eswar; Taylor, Ashley D. - Institute for the Study of Labor (IZA) - 2009
The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....
Persistent link: https://www.econbiz.de/10005070416
Cover Image
India's Approach to Capital Account Liberalization
Prasad, Eswar - Institute for the Study of Labor (IZA) - 2009
In this paper, I analyze India's approach to capital account liberalization through the lens of the new literature on financial globalization. India's authorities have taken a cautious and calibrated path to capital account opening, which has served the economy well in terms of reducing its...
Persistent link: https://www.econbiz.de/10005703471
Cover Image
Fiscal Competition for Imperfectly-Mobile Labor and Capital: A Comparative Dynamic Analysis
Wildasin, David - Institute for the Study of Labor (IZA) - 2009
Interjurisdictional flows of imperfectly-mobile migrants, investment, and other productive resources result in the costly dynamic adjustment of resource stocks. This paper investigates the comparative dynamics of adjustment to changes in local fiscal policy with two imperfectly mobile productive...
Persistent link: https://www.econbiz.de/10008506887
Cover Image
The Impact of Labor Market Reforms on Capital Flows, Wages and Unemployment
Beissinger, Thomas - Institute for the Study of Labor (IZA) - 2001
The paper contributes to the globalization debate by scrutinizing the international spillover effects which are provoked if a single country reduces the generosity of the unemployment compensation system or weakens labor union power. For this purpose a two-country model with imperfect...
Persistent link: https://www.econbiz.de/10005566676
Cover Image
International Capital Market Integration, Educational Choice and Economic Growth
Egger, Hartmut; Egger, Peter; Falkinger, Josef; … - Institute for the Study of Labor (IZA) - 2005
This paper examines the impact of capital market integration (CMI) on higher education and economic growth. We take into account that participation in higher education is noncompulsory and depends on individual choice. Integration increases (decreases) the incentives to participate in higher...
Persistent link: https://www.econbiz.de/10005761742