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Of Openess and Distance; Trade Developments in the Commonwealth of Independent States, 1993-2002

Elborgh-Woytek, Katrin - International Monetary Fund (IMF) - 2003

This paper analyzes developments in the structure of trade in the Commonwealth of Independent States (CIS) during the transition decade, and finds that it changed less than in other transition economies. Trade openness of the CIS increased between 1993 and 1997, but has fallen to a lower-level...

Persistent link: https://www.econbiz.de/10005604992

China'S Integration Into the World Economy; Implications for Developing Countries

Yang, Yongzheng - International Monetary Fund (IMF) - 2003

Although the rest of the world had waited a long time for China to open up, feelings were mixed when it actually did and began to integrate rapidly with the world economy. With the country’s recent accession to the World Trade Organization (WTO), many of its trading partners are increasingly...

Persistent link: https://www.econbiz.de/10005605423

Emergence of the Gulf of Guinea in the Global Economy; Prospects and Challenges

Mañe, Damian Ondo - International Monetary Fund (IMF) - 2005

The Gulf of Guinea's tremendous potential is creating investment opportunities for the region. Some of its resources, such as oil, minerals, and forests, continue to attract significant investments whereas others, like natural gas, could be exploited to their full potential if necessary...

Persistent link: https://www.econbiz.de/10005605427

Public Investment in Resource-Abundant Developing Countries

Berg, Andrew; Portillo, Rafael; Yang, Shu-Chun S.; … - International Monetary Fund (IMF) - 2012

Natural resource revenues provide a valuable source to finance public investment in developing countries, which frequently face borrowing constraints and tax revenue mobilization problems. This paper develops a dynamic stochastic small open economy model to analyze the macroeconomic effects of...

Persistent link: https://www.econbiz.de/10010790256

Searching for the Finance-Growth Nexus in Libya

Cevik, Serhan; Rahmati, Mohammad - International Monetary Fund (IMF) - 2013

This paper investigates the causal relationship between financial development and economic growth in Libya during the … financial development has a statistically significant negative effect on real nonhydrocarbon GDP per capita growth. However, the …

Persistent link: https://www.econbiz.de/10010790327

Does Openness Matter for Financial Development in Africa?

David, Antonio; Mlachila, Montfort; Moheeput, Ashwin - International Monetary Fund (IMF) - 2014

This paper analyzes the links between financial and trade openness and financial development in Sub-Saharan African … a general direct robust link between trade and capital account openness and financial development in SSA, once we … important for financial development in countries with better institutional quality. The findings might be due to a number of …

Persistent link: https://www.econbiz.de/10010790350

Mother, Can I Trust the Government? Sustained Financial Deepening; A Political Institutionsview

Quintyn, Marc; Verdier, Geneviève - International Monetary Fund (IMF) - 2010

order to create trust. This paper identifies over 200 post-1960 episodes of accelerations in financial development in a … large cross-section of countries. We find that the likelihood of an acceleration leading to sustained financial development …

Persistent link: https://www.econbiz.de/10008671297

International Capital Flows and Development; Financial Openness Matters

Ricci, Luca Antonio; Tressel, Thierry; Reinhardt, … - International Monetary Fund (IMF) - 2010

restrictions in shaping capital flows at various stages of economic development. We find that, when accounting for the degree of …

Persistent link: https://www.econbiz.de/10008680270

Financial Frictions, Investment, and Institutions

Yafeh, Yishay; Ueda, Kenichi; Claessens, Stijn - International Monetary Fund (IMF) - 2010

Financial frictions have been identified as key factors affecting economic fluctuations and growth. But, can institutional reforms reduce financial frictions? Based on a canonical investment model, we consider two potential channels: (i) financial transaction costs at the firm level; and (ii)...

Persistent link: https://www.econbiz.de/10008680276

Classifications of Countries Basedon their Level of Development; How it is Done and How it Could Be Done

Nielsen, Lynge - International Monetary Fund (IMF) - 2011

The paper analyzes how the UNDP, the World Bank, and the IMF classify countries based on their level of development … alternative methodology is developed and used to construct classification systems using a variety of proxies for development …

Persistent link: https://www.econbiz.de/10008839348