Showing 1 - 10 of 467
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 … the key challenge now facing India's policymakers on this front. -- India ; international financial integration ; capital …
Persistent link: https://www.econbiz.de/10003794018
We analyze shifts in the structure of China's capital outflows over the past decade. The composition of gross outflows has shifted from accumulation of foreign exchange reserves by the central bank to nonofficial outflows. Unlocking the enormous pool of domestic savings could have a significant...
Persistent link: https://www.econbiz.de/10012178659
Persistent link: https://www.econbiz.de/10002226214
Brazil, Russia, India, China and South Africa (BRICS). We contribute to addressing this gap by exploring the patterns of …
Persistent link: https://www.econbiz.de/10009786965
This paper investigates the feasibility of creating a common-currency union consisting of 16 countries in Southern Africa. We estimate an augmented-gravity model that includes public deficit, public debt, public expenditure, inflation, and the foreign reserves position. We also integrate...
Persistent link: https://www.econbiz.de/10003879350
We use data for 436 rural districts from the 2001 Census of India to examine whether different aspects of social … divisions help explain the wide variation in access to tap water across rural India. Studies linking social fragmentation to … for access to tap water in rural India. Communities that are heterogeneous in terms of caste (within the majority Hindu …
Persistent link: https://www.econbiz.de/10009422254
minorities (Scheduled Castes and Scheduled Tribes) in India on their occupational choices, as defined by skill level, during the … quota ; occupational choice ; skill ; caste ; India …
Persistent link: https://www.econbiz.de/10009312197
There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...
Persistent link: https://www.econbiz.de/10003900319
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
I document that emerging markets have cast off their "original sin" their external liabilities are no longer dominated by foreign-currency debt and have instead shifted sharply towards direct investment and portfolio equity. Their external assets are increasingly concentrated in foreign exchange...
Persistent link: https://www.econbiz.de/10009516951