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Interest Rates, Credit Rationing, and Investment in Developing Countries
Nkusu, Mwanza - International Monetary Fund (IMF) - 2003
This paper examines the impact of interest rates and inflation on bank loans and investment within a framework that … treating the lending and deposit rates of interest as distinct parameters in investment equations. The spread between the two …
Persistent link: https://www.econbiz.de/10005605233
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The Impact of Capital and Foreign Exchange Flowson the Competitiveness of Developing Countries
Kamar, Bassem; Bakardzhieva, Damyana; Naceur, Samy Ben; … - International Monetary Fund (IMF) - 2010
Attracting capital and foreign exchange flows is crucial for developing countries. Yet, these flows could lead to real exchange rate appreciation and may thus have detrimental effects on competitiveness, jeopardizing exports and growth. This paper investigates this dilemma by comparing the...
Persistent link: https://www.econbiz.de/10008560428
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Real Exchange Rates in Developing Countries; Are Balassa-Samuelson Effects Present?
Khan, Mohsin S.; Choudhri, Ehsan U. - International Monetary Fund (IMF) - 2004
developing countries. The paper finds that the traded-nontraded productivity differential is a significant determinant of the …
Persistent link: https://www.econbiz.de/10005826100
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ICT Equipment Investment and Growth in Low- and Lower-Middle-Income Countries
Haacker, Markus - International Monetary Fund (IMF) - 2010
While production of ICT equipment plays a subordinate role for economic growth in most of these countries, they do benefit from capital deepening arising from falling prices of ICT equipment. Adapting established growth accounting approaches to the data environment of low-income countries, we...
Persistent link: https://www.econbiz.de/10008470403
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The Elusive Gains From International Financial Integration
Gourinchas, Pierre-Olivier; Jeanne, Olivier - International Monetary Fund (IMF) - 2004
from a take-off in domestic productivity of the magnitude observed in some of these countries. …
Persistent link: https://www.econbiz.de/10005605034
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Emerging Markets in Transition: Growth Prospects and Challenges
Cubeddu, Luis M.; Culiuc, Alexander; Fayad, Ghada; Gao, Yuan - International Monetary Fund (IMF) - 2014
After a short-lived slowdown in the immediate aftermath of the global financial crisis and a swift rebound, emerging markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the post-crisis peak of 2010-11, as well as the rates seen in the decade before the...
Persistent link: https://www.econbiz.de/10010878427
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Debt Sustainability, Public Investment, and Natural Resources in Developing Countries: the DIGNAR Model
Melina, Giovanni; Yang, Shu-Chun S.; Zanna, Luis-Felipe - International Monetary Fund (IMF) - 2014
This paper presents the DIGNAR (Debt, Investment, Growth, and Natural Resources) model, which can be used to analyze … the debt sustainability and macroeconomic effects of public investment plans in resource-abundant developing countries … capital enters production technologies, while public investment is subject to inefficiencies and absorptive capacity …
Persistent link: https://www.econbiz.de/10011123850
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On the First-Round Effects of International Food Price Shocks: the Role of the Asset Market Structure
Portillo, Rafael; Zanna, Luis-Felipe - International Monetary Fund (IMF) - 2015
We develop a tractable small open-economy model to study the first-round effects of international food price shocks in developing countries. We define first-round effects as changes in headline inflation that, holding core inflation constant, help implement relative price adjustments. The model...
Persistent link: https://www.econbiz.de/10011242189
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Financial Decisions and Investment Outcomes in Developing Countries: The Role of Institutions
Turk, Rima - International Monetary Fund (IMF) - 2015
institutions as well as deepening capital markets in developing countries to improve financing conditions and investment outcomes. …
Persistent link: https://www.econbiz.de/10011242231
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Iceland: Selected Issues Paper
International Monetary Fund (IMF); International … - 2015
This Selected Issues paper examines implications of capital account liberalization in Iceland. Capital controls were critical in 2008 to avoid a more severe collapse of the Icelandic economy. Six years later, capital inflows have been liberalized, but most outflows remain restricted. Iceland has...
Persistent link: https://www.econbiz.de/10011244178