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Capital flows to the nonindustrial countries share three striking characteristics. First, the bulk, of these flows was in the form of debt, not equity; second, the loans were mostly to, or guaranteed by, debtor governments; and third, these debts were largely bank loans, not bonds. This paper...
Persistent link: https://www.econbiz.de/10014396446
This paper demonstrates that instability associated with investment risk is critical in explaining the level of foreign direct investment for the Middle East and North Africa (MENA) countries, which generally have higher investment risk than developed countries. The empirical results support...
Persistent link: https://www.econbiz.de/10014401431
This paper summarizes the theory and empirical evidence on the determinants of foreign direct investment. These determinants include expected relative rates of return, risk diversification, market size, technological advantage, market failure, oligopolistic rivalry, liquidity, currency strength,...
Persistent link: https://www.econbiz.de/10014396385
This paper examines the behavior of business fixed investment in the United States in the 1980s. A background discussion of the long-term behavior of the components of business fixed investment is provided, setting the context for the empirical analysis. A standard neoclassical model of business...
Persistent link: https://www.econbiz.de/10014396320
, Ireland, and Portugal, and appreciated the accompanying statement by the Managing Director. They agreed that the report …
Persistent link: https://www.econbiz.de/10014408604
Greece, Ireland, and Portugal as part of the Management and staff follow-up to an IEO evaluation. The implementation plan …
Persistent link: https://www.econbiz.de/10014408692
Ireland’s major property bubble burst at the same time as the global financial crisis erupted, plunging the country … access to market financing at manageable interest rates, and Ireland entered into a three-year program supported by €67 ….5 billion of financial assistance from the European Union (EU) and IMF in late 2010. Ireland’s program therefore had three main …
Persistent link: https://www.econbiz.de/10014412438
Irish policymakers have gained significant credibility, through assertive steps, to deal with the most potent sources of vulnerability. A continuation of vigorous policy efforts is required with an emphasis on risk management. Much progress has been made on the financial stability agenda, but a...
Persistent link: https://www.econbiz.de/10014403718
This 1999 Article IV Consultation highlights that the Danish economy continued to perform well in 1997–98. Real GDP growth of about 3 percent remained above potential and unemployment fell to 6 percent, less than half its level only five years earlier. Consumer price inflation remained subdued...
Persistent link: https://www.econbiz.de/10014396527
The staff report for Ireland’s fifth review under the Extended Arrangement states that financial sector reforms …
Persistent link: https://www.econbiz.de/10014396997