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Liquidity, Institutional Quality and the Composition of International Equity Flows

Goldstein, Itay - 2010

FDI investors control the management of the firms, whereas FPI investors delegate decisions to managers. Therefore, direct investors are more informed than portfolio investors about the prospects of projects. This information enables them to manage their projects more efficiently. However, if...

Persistent link: https://www.econbiz.de/10012462924

Evaluation of Exchange-Rate, Capital Market, and Dollarization Regimes in the Presence of Sudden Stops

Razin, Assaf - 2005

The literature has not being able to identify clear-cut real effects of exchange-rate regimes on output growth. Similarly, no definitive view emerges from the literature in regard to the effects of open capital markets on macroeconomic performance. The paper attributes the failure of the...

Persistent link: https://www.econbiz.de/10012467554

Sharp Reductions in Current Account Deficits : An Empirical Analyis

Milesi-Ferrett, Gian Maria - 1997

We study determinants and consequences of sharp reductions in current account" imbalances (reversals) in low- and middle-income countries. We try to answer two questions:" first, what triggers reversals? Second, what factors explain how costly reversals are? We find" that both domestic...

Persistent link: https://www.econbiz.de/10012472503

Determinants of External Imbalances : The Role Taxes, Government Spending and Productivity

Leiderman, Leonardo - 1991

This paper develops and estimates a dynamic optimizing model of the current account. The model focuses, on real factors that determine the evolution of saving and investment, and hence the external balance. Three types of shocks are at the center of the analysis: productivity shocks, shocks to...

Persistent link: https://www.econbiz.de/10012475267

An Information-Based Model of Foreign Direct Investment : The Gains from Trade Revisited

Razin, Assaf - 1999

into the country even though the autarkic marginal productivity of capital in the domestic economy falls short of the world …

Persistent link: https://www.econbiz.de/10012471927

Three Branches of Theories of Financial Crises

Goldstein, Itay - 2013

the world economy around the East Asian Crises and in the last few years. We discuss the relation of the models to the …

Persistent link: https://www.econbiz.de/10012459991

The International Transmission and Effects of Fiscal Policies

Frenkel, Jacob A. - 1986

In recent years the world economy has been subject to large and unsyncronized changes in fiscal policies, high and … builds on a two-country model of the world economy which is applied to the analysis of the transmission and effects of …

Persistent link: https://www.econbiz.de/10012477278

Budget Deficits and Rates of Interest in the World Economy

Frenkel, Jacob A. - 1984

This paper deals with the international transmission of the effects of budget deficits on world rates of interest and … spending. The model assumes a two-country world within which capital markets are integrated, individuals behave rationally, and … horizon was finite. This formulation generates asimple pattern of aggregate behavior of the two-country world, and it assures …

Persistent link: https://www.econbiz.de/10012477738

Factor Mobility and Income Growth : Two Convergence Hypotheses

Razin, Assaf - 1995

While technologies and policy fundamentals are presumably different internationally, inducing differences in growth rates, capital mobility is shown to be a powerful force in achieving complete growth rate equalization across countries. We provide evidence in support of this effect, showing that...

Persistent link: https://www.econbiz.de/10012473751

International Migration and International Trade

Razin, Assaf - 1992

This paper surveys key developments in the theory of international migration and international trade, and provides a few stylized facts. International migration, in many important cases, such as cross-country differences in productivity, can be a complement to international flows of commodities....

Persistent link: https://www.econbiz.de/10012474733