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International Monetary Fund (IMF); International … - 2006

This Selected Issues paper for Algeria analyzes the potential economic impact of Algeriaâ€™s Association Agreement with the European Union (AAEU). The paper lays out the major elements of Algeriaâ€™s AAEU and makes a comparison with other AAEUs. It discusses the potential economic...

Persistent link: https://www.econbiz.de/10011244528

Financial Globalization and the Governance of Domestic Financial Intermediaries

Tressel, Thierry; Verdier, Thierry - International Monetary Fund (IMF) - 2007

We model an economy in which domestic banks and firms face incentive constraints, as in Holmstrom and Tirole (1997). Firms borrow from banks and uninformed investors, and can collude with banks to reduce the intensity of monitoring. We study the general equilibrium effects of capital flows...

Persistent link: https://www.econbiz.de/10005248244

Foreign Direct Investment in Africa; Some Case Studies

Basu, Anupam; Srinivasan, Krishna - International Monetary Fund (IMF) - 2002

This paper reviews the experiences of a few countries in Sub-Saharan Africa that have succeeded in attracting fairly large amounts of foreign investment. The review indicates that sustained efforts to promote political and macroeconomic stability and implement essential structural reforms have...

Persistent link: https://www.econbiz.de/10005248318

FDI and the Investment Climate in the CIS Countries

Shiells, Clinton R. - International Monetary Fund (IMF) - 2003

In view of disappointing levels of inward foreign direct investment (FDI), this paper examines capital flows into the Commonwealth of Independent States (CIS) countries and investigates the main impediments to a more favorable investment climate. Direct investment inflows have generally been...

Persistent link: https://www.econbiz.de/10005248333

Lao People's Democratic Republic; Recent Economic Developments

International Monetary Fund (IMF); International … - 2000

This report discusses major developments in the Lao Peopleâ€™s Democratic Republic (PDR), and updates the statistical tables on recent economic developments and provides an overview of the real sector. Factors that have limited revenue collections and developments in the monetary and...

Persistent link: https://www.econbiz.de/10005252622

Multinational Affiliates and Local Financial Markets

Sayek, Selin; Lehmann, Alexander; Kang, Hyoung Goo - International Monetary Fund (IMF) - 2004

We use data on the sources of debt finance of U.S. majority-owned foreign affiliates in 53 countries over the period 1983 to 2001 to examine the role of financial market development, and exposure to host country-specific risk on the financing choices of these affiliates. We find that total...

Persistent link: https://www.econbiz.de/10005263683

Multinational Enterprises, International Trade, and Productivity Growth; Firm-Level Evidence From the United States

Yeaple, Stephen R.; Keller, Wolfgang - International Monetary Fund (IMF) - 2003

We estimate international technology spillovers to U.S. manufacturing firms via imports and foreign direct investment (FDI) between 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to substantial productivity gains for domestic firms. The size of FDI spillovers is...

Persistent link: https://www.econbiz.de/10005263684

Why Does Fdi Go Where it Goes? New Evidence From the Transition Economies

Kinoshita, Yuko; Campos, Nauro F. - International Monetary Fund (IMF) - 2003

This paper examines the importance of agglomeration economies and institutions vis-a-vis initial conditions and factor endowments in explaining the locational choice of foreign investors. Using a unique panel data set for 25 transition economies between 1990 and 1998, we find that the main...

Persistent link: https://www.econbiz.de/10005263716

Do Macroeconomic Effects of Capital Controls Vary by their Type? Evidence From Malaysia

Tamirisa, Natalia T. - International Monetary Fund (IMF) - 2004

This paper examines how the macroeconomic effects of capital controls vary depending on which type of international financial transaction they cover. Drawing on Malaysia's experiences in regulating the capital account during the 1990s, it finds, in an error-correction model, that capital...

Persistent link: https://www.econbiz.de/10005263719

The Chinese Approach to Capital Inflows; Patterns and Possible Explanations

Wei, Shang-Jin; Prasad, Eswar - International Monetary Fund (IMF) - 2005

In this paper, we adopt a cross-country perspective to examine the evolution of capital flows into China, both in terms … of volumes and composition. China's inflows have generally been dominated by foreign direct investment (FDI), a pattern … globalization. We provide a detailed documentation of the evolution of China's capital controls, a proximate determinant of the …

Persistent link: https://www.econbiz.de/10005263846