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What Drives Capital Flows to Emerging Markets? A Survey of the Empirical Literature
Koepke, Robin - Volkswirtschaftliche Fakultät, … - 2015
This paper reviews the rapidly growing empirical literature on the drivers of capital flows to emerging markets. The empirical evidence is structured based on the recognition that the drivers of capital flows vary over time and across different types of capital flows. The drivers are classified...
Persistent link: https://www.econbiz.de/10011266125
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Asymmetric demographic shocks and institutions: The impact on international capital flows and welfare
Arezki, Rabah - Volkswirtschaftliche Fakultät, … - 2010
This paper examines the consequences of an asymmetric negative fertility shock on capital formation, saving … domestic investor return on capital. The shock is transmitted to the small open economy depending on whether the wedge is below …¤erence in returns on capital. After the shock has occurred, capital is repatriated in order to �nance the old age consumption of …
Persistent link: https://www.econbiz.de/10008777398
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Capital Inflows and Real Exchange Rate Appreciation in Latin America
Reinhart, Carmen; Calvo, Guillermo; Leiderman, Leonardo - Volkswirtschaftliche Fakultät, … - 1992
The characteristfcs of recent capital inflows into Latin America are discussed. It is argued that these inflows are partly explained by conditions outside the region, like recession in the United States and lower international interest rates. This suggests the possibility that a reversal of...
Persistent link: https://www.econbiz.de/10005836885
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Tapering Talk: The Impact of Expectations of Reduced Federal Reserve Security Purchases on Emerging Markets
Eichengreen, Barry; Gupta, Poonam - Volkswirtschaftliche Fakultät, … - 2014
In May 2013, Federal Reserve officials first began to talk of the possibility of tapering their security purchases. This tapering talk had a sharp negative impact on emerging markets. Different countries, however, were affected differently. We use data for exchange rates, foreign reserves and...
Persistent link: https://www.econbiz.de/10011258768
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To devalue or not to devalue? How East European countries responded to the outflow of capital in 1997-99 and in 2008-09
Popov, Vladimir - Volkswirtschaftliche Fakultät, … - 2010
If there is a negative terms of trade or financial shock leading to the deterioration in the balance of payments, there …
Persistent link: https://www.econbiz.de/10008788792
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世界経済危機とグローバル・マネーの変動 ―国際経済秩序へのインプリケーションー
Shirai, Sayuri - Volkswirtschaftliche Fakultät, … - 2009
Prior to the occurrence of the global financial crisis, the world had faced the “global imbalance.” This refers to the growing US current account deficit and, in parallel, the growing current account surpluses in China, other Asian countries, and resource-rich nations. This status of...
Persistent link: https://www.econbiz.de/10008574605
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The effect of a collective exchange rate adjustment on East Asian exports
Rahman, Mizanur; Kalirajan, Kaliappa - Volkswirtschaftliche Fakultät, … - 2008
This paper estimates long-run effects of a collective exchange rate adjustment on multilateral exports from China, Japan, South Korea, and Taiwan. The findings show that a 1 percent generalized appreciation of all East Asian exchange rates would reduce East Asian exports by about 3 percent.
Persistent link: https://www.econbiz.de/10005619595
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The Impact of a Common Currency on East Asian Production Networks and China’s Exports Behavior
Rahman, Mizanur - Volkswirtschaftliche Fakultät, … - 2008
Vertical fragmentation of product value chain across borders is the driving force of growing economic interdependency in East Asia. A common currency, not flexible exchange rates between national currencies, would reduce flexibility in relative prices within East Asia. Its impact would be far...
Persistent link: https://www.econbiz.de/10005621422
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US Current Account Deficit and Exchange Rate Tax
De Lima, Gabrielle; Moura, Guilherme; Meurer, Roberto; … - Volkswirtschaftliche Fakultät, … - 2007
We examine the relationship between the US current account deficit, the international value of the dollar, and the dollar reserves of foreign central banks. We find that the international value of the dollar impacts the US current account and also that dollar depreciations are accompanied by...
Persistent link: https://www.econbiz.de/10005623377
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The structural funds management in third-Central and Eastern European
Duduiala-Popescu, Lorena - Volkswirtschaftliche Fakultät, … - 2009
Based on reviewing the literature in the field, the article shows the importance accorded to issues of structural funds absorption. The subject is central to assessing how the administrative capacity to absorb EU candidate countries in terms of structural funds. It will describe the methodology...
Persistent link: https://www.econbiz.de/10005836422