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In recent decades, the foreign assets and liabilities of advanced economies have grown rapidly relative to GDP, with the increase in gross cross-holdings far exceeding changes in the size of net positions. Moreover, the portfolio equity and FDI categories have grown in importance relative to...
Persistent link: https://www.econbiz.de/10005768766
This paper analyzes various indicators of the U.S. international investment position from a portfolio perspective. The 1990s saw a decline in home bias, which, coupled with rapid financial deepening, led to a large increase in gross international investment holdings. The home bias of non-U.S....
Persistent link: https://www.econbiz.de/10005769170
This paper highlights the increased dispersion in net external positions in recent years, particularly among industrial countries. It provides a simple accounting framework that disentangles the factors driving the accumulation of external assets and liabilities (such as trade imbalances,...
Persistent link: https://www.econbiz.de/10005605075
lower investment and exports compared with other small island states, but greater political stability, catch-up effects from …
Persistent link: https://www.econbiz.de/10011242206
We use a heterogeneous panel VAR model identified through factor analysis to study the dynamic response of exports …, imports, and per capita GDP growth to a “global” aid shock. We find that a global aid shock can affect exports, imports, and … ambiguous results in the existing literature. For most countries in the sample, when aid reduces exports and imports, it also …
Persistent link: https://www.econbiz.de/10011242264
fast-growing, export-oriented economies. To boost exports and growth, CAPDR should implement policies to facilitate …This paper studies the potential for the export sector to play a more important role in promoting growth in Central … finds that their exports remain below the norm for countries of their size. Several indexes of outward orientation are …
Persistent link: https://www.econbiz.de/10011242361
understanding of European exports: where exports values are created, the role of vertical supply links in export growth, what is …One of the most important recent developments in international trade is the increasing interconnectedness of export … analysis finds strong role of supply links in cross-country export performance in Europe, where these links between countries …
Persistent link: https://www.econbiz.de/10011242362
crisis revolve around two main factors: deteriorating export performance or demand driven booms. We add that there were … important movements in transfers and net income balances. While export performance remained relatively stable in most countries …
Persistent link: https://www.econbiz.de/10011242364
countries, the South, driven by the process of globalization?the phenomenon of rising international trade and financial flows … economic activity on the Emerging South has declined during the globalization period (1986-2005). In contrast, the growth …
Persistent link: https://www.econbiz.de/10005769105
Bank borrowers' currency mismatches often result from unhedged foreign currency borrowing in economies where there is significant dollarization, exposing the financial sector to disguised credit risk. In the absence of standard tools or guidelines to counteract this risk, countries have resorted...
Persistent link: https://www.econbiz.de/10005248175