Narrow search
Showing 1 - 10 of 668
Cover Image
Financial Deepening, Terms of Trade Shocks, and Growth Volatility in Low-Income Countries
Kpodar, Kangni - 2019
volatility. Expanding the sample to 121 developing countries confirms this result, although this role of shock-absorber fades …-whether financial intermediation is performed through banks or markets-for macroeconomic volatility, against the backdrop of increased … sector development acts as a shock-absorber in poor countries, dampening the transmission of terms of trade shocks to growth …
Persistent link: https://www.econbiz.de/10012871772
Cover Image
Capital Inflows, Financial Development, and Domestic Investment : Determinants and Inter-Relationships
Luca, Oana - 2012
We examine determinants of, and interactions between, capital inflows, financial development, and domestic investment in developing countries during 2001-07, a period of surging global liquidity and low interest rates. Reductions in the global price of risk and in domestic borrowing costs were...
Persistent link: https://www.econbiz.de/10013102284
Cover Image
Volatility and Growth in Latin America : An Episodic Approach
Goyal, Rishi - 2007
This paper compares the pattern of macroeconomic volatility in 17 Latin American countries during episodes of high and … low growth since 1970, examining in particular the role of policy volatility. Macroeconomic outcomes are distinguished … policy volatility is associated with lower growth, but fiscal policy procyclicality is not. Low levels of market …
Persistent link: https://www.econbiz.de/10012778000
Cover Image
Benefits of Global and Regional Financial Integration in Latin America
Eyraud, Luc - 2017
The timing is ripe to pursue greater regional financial integration in Latin America given the withdrawal of some global banks from the region and the weakening of growth prospects. Important initiatives are ongoing to foster financial integration. Failure to capitalize on this would represent a...
Persistent link: https://www.econbiz.de/10012962157
Cover Image
Credit Growth in Latin America : Financial Development or Credit Boom?
Hansen, Niels-Jakob Harbo - 2013
Banking credit to the private sector in Latin America has on average increased by 7 percent of GDP from primo 2004 to ultimo 2011, with real credit in some countries growing by up to 20 percent per year. This paper documents and analyzes the patterns of credit growth in 18 countries in Latin...
Persistent link: https://www.econbiz.de/10013080862
Cover Image
Surging Capital Flows to Emerging Asia : Facts, Impacts, and Responses
Balakrishnan, Ravi - 2012
Net capital flows to emerging Asia rebounded at a record pace following the global financial crisis, raising concerns about overheating and financial stability. This paper documents the size and composition of the most recent surge to Asian emerging markets from a historical perspective and...
Persistent link: https://www.econbiz.de/10013102274
Cover Image
Do Inflows or Outflows Dominate? Global Implications of Capital Account Liberalization in China
Bayoumi, Tamim - 2013
This paper assesses the implications of Chinese capital account liberalization for capital flows. Stylized facts from capital account liberalization in advanced and large emerging market economies illustrate that capital account liberalization has historically generated large gross capital in-...
Persistent link: https://www.econbiz.de/10013075542
Cover Image
Nonresident Deposits in India : In Search of Return?
Gordon, James P. - 2006
This paper analyzes trends in the accumulation of NRI (nonresident Indian) deposits and investigates the determinants of these inflows. It finds that monthly deposit flows have been quite stable since the 1991 crisis; nevertheless, there have been occasions when monthly flows turned negative in...
Persistent link: https://www.econbiz.de/10012783214
Cover Image
Real Effects of Capital Inflows in Emerging Markets
Igan, Deniz - 2017
, inflows. We also observe a reduction in output volatility but this association is more pronounced for equity, rather than debt …
Persistent link: https://www.econbiz.de/10012962170
Cover Image
In Search of Lost Time : Examining the Duration of Sudden Stops in Capital Flows
David, Antonio C. - 2019
This paper investigates what factors affect the duration of sudden stops in capital flows using quarterly data for a large panel of countries. We find that countries with floating exchange rate regimes tend to experience shorter sudden stop episodes and that fixed exchange rate regimes are...
Persistent link: https://www.econbiz.de/10012858389