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The determinants of China's international portfolio equity allocations

Agarwal, Isha; Gu, Grace Weishi; Prasad, Eswar S. - 2020

We analyze shifts in the structure of China's capital outflows over the past decade. The composition of gross outflows … enormous pool of domestic savings could have a significant impact on global financial markets as China continues to open up its … foreign portfolio allocations, Chinese IIs overweight sectors in which China has a comparative disadvantage. Moreover, Chinese …

Persistent link: https://www.econbiz.de/10012178659

Reform redux : measurement, determinants and reversals

Campos, Nauro (contributor); Horváth, Roman (contributor) - 2006

We construct objective measures of privatization, internal and external liberalization reform efforts, across countries over time, and investigate their determinants, reversals and macroeconomic impacts. We find that GDP growth determines external liberalization and privatization, concentration...

Persistent link: https://www.econbiz.de/10003310965

Thresholds in the process of international financial integration

Kose, M. Ayhan; Prasad, Eswar S.; Taylor, Ashley D. - 2009

The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....

Persistent link: https://www.econbiz.de/10003831857

India's approach to capital account liberalization

Prasad, Eswar S. (contributor) - 2009

In this paper, I analyze India's approach to capital account liberalization through the lens of the new literature on financial globalization. India's authorities have taken a cautious and calibrated path to capital account opening, which has served the economy well in terms of reducing its...

Persistent link: https://www.econbiz.de/10003794018

Financial liberalization and democracy : the role of reform reversals

Campos, Nauro; Coricelli, Fabrizio - 2009

The relationship between economic and political liberalization has received a great deal of attention lately, yet the possibility of a nonlinear relationship and the role of reversals remain largely neglected. Focusing on democratization and financial reform, this paper offers evidence for a...

Persistent link: https://www.econbiz.de/10003879372

A pragmatic approach to capital account liberalization

Prasad, Eswar S. (contributor); … - 2008

Cross-country regressions suggest little connection from foreign capital inflows to more rapid economic growth for developing countries and emerging markets. This suggests that the lack of domestic savings is not the primary constraint on growth in these economies, as implicitly assumed in the...

Persistent link: https://www.econbiz.de/10003697367

Financial liberalization and the brain drain : a panel data analysis

Mitra, Aniruddha; Bang, James T.; Wunnava, Phanindra V. - 2011

This paper explores the impact of financial liberalization on the migration of high skilled labor from 46 countries to the OECD, taken at five year intervals over the period 1985-2000. Using an exploratory factor analysis, we are able to distinguish between two dimensions of financial...

Persistent link: https://www.econbiz.de/10009380417

Financial sector regulation and reforms in emerging markets : an overview

Prasad, Eswar S. - 2010

This paper provides an overview of the complex conceptual and practical challenges that emerging market economies face as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest for financial stability with the imperatives of financial...

Persistent link: https://www.econbiz.de/10009153059

Financial liberalization and the relationship-specificity of exports

Defever, Fabrice; Südekum, Jens - 2013

We investigate the causal impact of equity market liberalizations in the period 1980-1997 on sectoral export performance across 91 countries. The increased availability of external finance has boosted trade of industries that intensively use relationship-specific inputs, and lowered exports of...

Persistent link: https://www.econbiz.de/10009765529

Financial liberalization and remittances : recent longitudinal evidence

Bang, James T.; Mitra, Aniruddha; Wunnava, Phanindra V. - 2013

This paper investigates the impact of financial liberalization on remittances to 84 countries over five-year intervals from 1990-2005 based on the difference-GMM method of Arellano and Bond (1991). We find that various dimensions of financial reform impact remittances differently. Increased...

Persistent link: https://www.econbiz.de/10009771737

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