BRICs development financing flows have increased significantly and are expected to become more prominent in the post-crisis era. We investigate the potential implications on the country-allocation of loan commitments and the degree of concessionality using a panel vector autoregression model and...

This paper examines the transmission of changes in the U.S. monetary policy to localcurrency sovereign bond yields of Brazil and Mexico. Using vector error-correction models, we find that the U.S. 10-year bond yield was a key driver of long-term yields in these countries, and that Brazilian...

This paper examines the productivity of firms and their ability to enter the export market, i.e., the self-selection hypothesis and the determinants of labour productivity at the firm level for India's major exporting manufacturing industries during 1991-2009. The paper also examines whether...