Showing 1 - 10 of 344
Persistent link: https://www.econbiz.de/10009419731
What are the constraints that have stalled EMs efforts to reuse their securities in international financial centers? We discuss the economics of collateral re-use and the present institutional structure in Asian and Latin American countries. Our empirical investigation suggests pledgeability...
Persistent link: https://www.econbiz.de/10012604765
of financial integration or interrelatedness, asking how Asia compares with Europe and Latin America and with the base … more financially integrated than other regions. Asia, more interestingly, already seems to have made more progress on this … sample suggest that one factor holding back investment in foreign bonds in East Asia may be limited geographical …
Persistent link: https://www.econbiz.de/10014400278
Exchange market pressure (EMP), the sum of exchange rate depreciation and reserve outflows (scaled by base money), summarizes the flow excess supply of money in a managed exchange rate regime. Examining Brazil, Chile, Mexico, Indonesia, Korea, and Thailand, this paper finds that monetary policy...
Persistent link: https://www.econbiz.de/10014400654
This paper compares business cycles in Asia and in Latin America using structural vector autoregression analysis with … America, as opposed to Asia, output is affected more by external and domestic demand shocks …
Persistent link: https://www.econbiz.de/10014403312
America - one of the most vulnerable regions given its high, and rising, commodity dependence - and emerging Asia - which has …
Persistent link: https://www.econbiz.de/10014397093
Deregulation of the financial system often proceeds in tandem with macroeconomic stabilization centered on monetary and other financial targets. This paper presents a model where there may be conflict between these processes. The indicator properties of some financial variables may be rendered...
Persistent link: https://www.econbiz.de/10014397928
is held abroad. There are large regional differences in this proportion, ranging from 5 percent in South Asia to 40 … percent in Africa. We explain cross-country differences in portfolio choice by variables that proxy differences in the risk … (HIPC) on capital repatriation; and why so much of Africa’s private wealth is held outside the continent …
Persistent link: https://www.econbiz.de/10014400936
Union but, when possible, transition countries, in Asia and Africa are also considered. The main findings are that …
Persistent link: https://www.econbiz.de/10014403596
This paper considers two empirical questions about tax incentives: (1) are incentives used as tools of tax competition and (2) how effective are incentives in attracting investment? To answer these, we prepared a new dataset of tax incentives in over 40 Latin American, Caribbean and African...
Persistent link: https://www.econbiz.de/10014403176