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The Global Credit Crisis of 2008-09 has underscored the urgency of reforming the international financial architecture. While a number of short-term reforms are already in train, this paper contemplates more ambitious reforms of the international financial architecture that might be implemented...
Persistent link: https://www.econbiz.de/10008528699
The Mozambican financial system has made remarkable progress from mono-banking to a full blown, market-based, financial system. Although Mozambican banks are generally profitable and well capitalized, they are exposed to significant credit risk. A number of reforms are needed to enhance the...
Persistent link: https://www.econbiz.de/10005591469
Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of income convergence. We show in a calibrated neoclassical model that conventionally measured welfare gains from this...
Persistent link: https://www.econbiz.de/10005605034
This paper reports on progress made on Nicaragua’s National Human Development Plan as of 2010. The operational goal for Nicaragua’s National Human Development Plan is economic growth with increased employment and reduced inequality and poverty. The results for 2007–10...
Persistent link: https://www.econbiz.de/10011244377
growth in Morocco and Tunisia. For Tunisia, exports and, to a much lesser extent, tourism appear to be the major transmission … channels. In Morocco, exports, remittances and tourism play relatively equal roles. An analysis with sectoral data supports …
Persistent link: https://www.econbiz.de/10008727792
that will need to be addressed for China to maintain sustained high growth and continued global integration. …
Persistent link: https://www.econbiz.de/10005252521
Central America has received growing attention as a region that is integrating successfully into the global economy. This paper examines—among other things—the macroeconomic and fiscal implications of the Free Trade Agreement with the United States (CAFTA-DR), noting that the...
Persistent link: https://www.econbiz.de/10005252532
This report discusses major developments in the Lao People’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
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
China's increasing openness to foreign direct investment (FDI) has contributed importantly to its exceptional growth … performance. This paper examines China's experience with FDI and identifies some lessons for other countries. Most of the factors … explaining China's success have also been important in attracting FDI to other countries: market size, labor costs, quality of …
Persistent link: https://www.econbiz.de/10005264264