Showing 1 - 10 of 280
We analyze the capital controls imposed in Malaysia in September 1998. In macroeconomic terms, these controls neither yielded major benefits nor were costly. At the same time, the stock market interpreted the capital controls (and associated events) as favoring firms with stronger political...
Persistent link: https://www.econbiz.de/10005263746
. While some countries need to raise consumption, several need to raise investment or reorient it from tradable to nontradable … sectors. These changes in investment could be facilitated by financial reforms that enhance domestically oriented firmsâ … uncertainty, and by improvements in infrastructure that raise the returns to private investment. …
Persistent link: https://www.econbiz.de/10008839325
This paper shows that aggregate investment expenditure shares on tradable and nontradable goods are very similar across … nontradable goods in investment can be modeled using the Cobb-Douglas aggregator. …
Persistent link: https://www.econbiz.de/10005248190
The prolonged investment decline in post-Asian crisis emerging Asia, in contrast to the swift recovery of economic … growth, has remained a puzzle. This paper shows that the post-crisis investment recession has been mainly concentrated in the …
Persistent link: https://www.econbiz.de/10011142140
Now close to 50 percent of GDP, this paper assesses the appropriateness of China’s current investment levels. It … stand out, partly due to a surge in investment over the last decade. Moreover, its investment is significantly higher than …. However, because its investment is predominantly financed by domestic savings, a crisis appears unlikely when assessed against …
Persistent link: https://www.econbiz.de/10011142176
We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regressionbased forecasting models for GDP growth, inflation, S&P500 stock price index, and fuel prices. Our results indicate that...
Persistent link: https://www.econbiz.de/10011123865
This paper studies the linkage between structural coherence and economic growth. Structural coherence is defined as the degree that a country's industrial structure optimally reflects its factor endowment fundamentals. The paper found that at least for the overall capital, the shares of capital...
Persistent link: https://www.econbiz.de/10010878416
financial health—and investment in Israel, using dynamic panel data techniques. The results suggest that weak balance sheets … may well have contributed to the investment decline of recent years. The impact of financial variables on investment is … corporate investment increases during real downturns or following an equity market bust. …
Persistent link: https://www.econbiz.de/10011245486
The causes of the global financial crisis were multi-faceted but revealed still unresolved weaknesses in national and international financial oversight and resolution frameworks. In particular, many governments in the crisis-hit countries had to provide unprecedented levels of support to contain...
Persistent link: https://www.econbiz.de/10011245888
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...
Persistent link: https://www.econbiz.de/10011245898