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Chinese Outwards Mercantilism – the Art and Practice of Bundling

Aizenman, Joshua - 2015

data and macroeconomic covariates, we find positive association of Chinese trade and financial flows with China's outward … strengthened by the provision of RMB swap-line agreements with China's trading partners. The evidences support the conjecture that …

Persistent link: https://www.econbiz.de/10012457577

Financial Versus Monetary Mercantilism-Long-run View of Large International Reserves Hoarding

Aizenman, Joshua - 2006

The sizable hoarding of international reserves by several East Asian countries has been frequently attributed to a modern version of monetary mercantilism -- hoarding international reserves in order to improve competitiveness. From a long-run perspective, manufacturing exporters in East Asia...

Persistent link: https://www.econbiz.de/10012465942

The High Demand for International Reserves in the Far East : What's Going On?

Aizenman, Joshua - 2002

This paper explores econometric and theoretical interpretations for the relatively high demand for international reserves by countries in the Far East and the relatively low demand by some other developing countries. Using a sample of about 125 developing countries, we show that reserve holdings...

Persistent link: https://www.econbiz.de/10012469443

East Asian Economies and Financial Globalization In the Post-Crisis World

Aizenman, Joshua - 2016

decades, whereas China's has been on a rising trend, yet the share of trade among Asian economies with the dollar zone …. One big dollar-zone economy that has been increasing its presence in Asia is China. However, China has been recently … making efforts to "internationalize" its currency, the yuan (RMB). Hence, if China succeeds in its internationalization …

Persistent link: https://www.econbiz.de/10012456407

The Internationalization of Venture Capital and Private Equity

Aizenman, Joshua - 2008

, though most crossborder deals are still either to or from the US. China has emerged as the dominant net importer, followed by …

Persistent link: https://www.econbiz.de/10012464303

FDI and Trade -- Two Way Linkages?

Aizenman, Joshua - 2005

The purpose of this paper is to investigate the intertemporal linkages between FDI and disaggregated measures of international trade. We outline a model exemplifying some of these linkages, describe several methods for investigating two-way feedbacks between various categories of trade, and...

Persistent link: https://www.econbiz.de/10012467278

Volatility, employment and the patterns of FDI in emerging markets

Aizenman, Joshua - 2002

The purpose of this paper is to explore the implications of the deepening presence of multinationals in emerging markets on the cost of macroeconomic volatility there. We find that macroeconomic volatility has a potentially large impact on employment and investment decisions of multinationals...

Persistent link: https://www.econbiz.de/10012469306

Institutional Efficiency, Monitoring Costs, and the Investment Share of FDI

Aizenman, Joshua - 2002

This paper models and tests the implications of costly enforcement of property rights on the pattern of foreign direct investment (FDI). We posit that domestic agents have a comparative advantage over foreign agents in overcoming some of the obstacles associated with corruption and weak...

Persistent link: https://www.econbiz.de/10012469382

The Merits of Horizontal versus Vertical FDI in the Presence of Uncertainty

Aizenman, Joshua - 2001

This paper examines the impact of uncertainty on the profitability of vertical and horizontal foreign direct investment (FDI). Vertical FDI takes place when the multinational fragments the production process internationally, locating each stage of production in the country where it can be done...

Persistent link: https://www.econbiz.de/10012470085

Controlled Openness and Foreign Direct Investment

Aizenman, Joshua - 1997

The purpose of this paper is to offer an explanation of why a developing country may adopt a partial reform under which foreign direct investments are controlled. We consider a country where the ruling elite [referred to as State capital] prevents the entry of Foreign capital and taxes the...

Persistent link: https://www.econbiz.de/10012472688