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Financial Liberalization, Credit Constraints, and Collateral : Investment in the Mexican Manufacturing Sector
Gelos, Gaston; Werner, Alejandro M. - 2021
This paper examines the impact of financial liberalization on fixed investment in Mexico, using establishment …
Persistent link: https://www.econbiz.de/10013321422
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The External Balance Assessment Methodology : 2018 Update
Cubeddu, Luis - 2019
The assessment of external positions and exchange rates is a key mandate of the IMF. This paperpresents the updated External Balance Assessment (EBA) framework-a key input in the conduct ofmultilaterally-consistent external sector assessments of 49 advanced and emerging marketeconomies-following...
Persistent link: https://www.econbiz.de/10012888758
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Outward Foreign Direct Investment and Domestic Investment : The Case of Developing Countries
Alsadiq, Ali - 2013
Over the past two decades, the growth rate of outward foreign direct investment (FDI) from developing and transition …, it is important to assess how domestic investment responds to such outflows. This study empirically examines the effects … of outward FDI on domestic investment in developing countries. Using data from 121 developing and transition economies …
Persistent link: https://www.econbiz.de/10013085137
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Supporting Sustainable Financing and Access to Finance in Armenia
Atamanchuk, Maria; Tokuoka, Kiichi - 2023
In Armenia, both external and domestic financing face challenges. Armenia’s share of inward foreign direct investment …
Persistent link: https://www.econbiz.de/10014258215
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Non-Financial Corporate Debt in Advanced Economies, 2010-17
Antoun de Almeida, Luiza - 2020
This paper studies the evolution of non-financial corporate debt among publicly listed companies in major advanced economies between 2010 and 2017. Since 2010, firms have started to rely more on corporate bond markets and have used part of their debt to increase their holdings of cash. In our...
Persistent link: https://www.econbiz.de/10012827582
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Financial Constraints, Productivity, and Investment : Evidence from Lithuania
Foda, Karim; Shi, Yu; Vaziri, Maryam - 2022
This paper studies the relation between firms' access to finance, labor productivity and investment using Lithuanian … characteristics, removing these constraints can improve average productivity and investment of firms in Lithuania by 0.51 percent and …
Persistent link: https://www.econbiz.de/10014258647
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Fiscal Policy and Economic Activity During Recessions in Advanced Economies
Hemming, Richard; Mahfouz, Selma; Schimmelpfennig, Axel - 2021
Using data for advanced economies, this paper investigates whether factors identified in the theoretical and empirical literature explain the effectiveness of fiscal policy in responding to recessions. The results are informative about the fiscal response to recessions but provide only a partial...
Persistent link: https://www.econbiz.de/10013317893
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How Effective is Macroprudential Policy? Evidence from Lending Restriction Measures in EU Countries
Poghosyan, Tigran - 2019
This paper assesses the effectiveness of lending restriction measures, such as loan-to-value and debt-service-to-income ratios, in affecting developments in house prices and credit. We use data on 99 lending standard restrictions implemented in 28 EU countries over 1990-2018. The results suggest...
Persistent link: https://www.econbiz.de/10012889146
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Big Players Out of Synch : Spillovers Implications of US and Euro Area Shocks
Osorio-Buitron, Carolina - 2015
Given the prospects of asynchronous monetary conditions in the United States and the euro area, this paper analyzes spillovers among these two economies, as well as the implications of asynchronicity for spillovers to other advanced economies and emerging markets. Through a structural vector...
Persistent link: https://www.econbiz.de/10013011192
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Financial Crisis, US Unconventional Monetary Policy and International Spillovers
Chen, Qianying - 2015
We study the impact of the US quantitative easing (QE) on both the emerging and advanced economies, estimating a global vector error-correction model (GVECM) and conducting counterfactual analyses. We focus on the effects of reductions in the US term and corporate spreads. First, US QE measures...
Persistent link: https://www.econbiz.de/10013022263