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Price and Volume Effects of a Devaluation in Developing Countries

Kouwenaar, Arend - 1991

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...

Persistent link: https://www.econbiz.de/10014395982

Ghana : Will it Be Gifted or Will it Be Cursed?

Aydin, Burcu - 2011

Will Ghana’s oil production from 2011 accelerate progress toward middle-income status, or will it retard gains in … techniques. Results confirm that resource rich countries in Ghana’s income range do experience slower growth than their more … diversified peers, an effect that appears to be related to weaker governance. Provided that Ghana can preserve and improve its …

Persistent link: https://www.econbiz.de/10014399413

Ghana : will it be gifted or will it be cursed?

Aydin, Burcu - 2011

Persistent link: https://www.econbiz.de/10009486324

The sources of business cycles in a low income country

Houssa, Romain; Mohimont, Jolan; Otrok, Christopher M. - 2015

We examine the role of global and domestic shocks in driving macroeconomic fluctuations for Ghana. We are able to study …. We find that global shocks play a more dominant role in South Africa than in Ghana. These shocks operate through three …

Persistent link: https://www.econbiz.de/10011281912

External Debt Histories of Ten Low-Income Developing Countries : Lessons From their Experience

Ross, Kevin - 1998

social strife). Future policies should limit the need for external financing and create an environment conducive to …

Persistent link: https://www.econbiz.de/10014400423

A Pecking Order Theory of Capital Inflows and International Tax Principles

Yuen, Chi-Wa - 1996

Even though financial markets today show a high degree of integration, the world capital market is still far from the textbook story of high capital mobility. The purpose of this paper is to highlight key sources of market failure in the context of international capital flows and to provide...

Persistent link: https://www.econbiz.de/10014398697

Shocks, Financial Dependence, and Efficiency : Evidence From U.S. and Canadian Industries

Estevão, Marcello M. - 2011

The paper investigates how changes in industries'' funding costs affect total factor productivity (TFP) growth. Based on panel regressions using 31 U.S. and Canadian industries between 1991 and 2007, and using industries'' dependence on external funding as an identification mechanism, we show...

Persistent link: https://www.econbiz.de/10014398575

Shocks, financial dependence, and efficiency : evidence from U.S. and Canadian industries

Estevão, Marcelo M.; Severo, Tiago - 2011

Persistent link: https://www.econbiz.de/10009423208

Household leverage and the recession

Jones, Callum; Midrigan, Virgiliu; Philippon, Thomas - 2018

We evaluate and partially challenge the 'household leverage' view of the Great Recession. In the data, employment and consumption declined more in states where household debt declined more. We study a model where liquidity constraints amplify the response of consumption and employment to changes...

Persistent link: https://www.econbiz.de/10011905926

Statistical coverage of trade finance : Fintechs and supply chain financing

Wersch, Cornelia Lotte van - 2019

Trade finance is the backbone of international trade for entities ranging from a small businesses to multi-national corporations. An estimated 80 percent of world trade relies on this form of finance (WTO, 2017). Despite its systemic importance and rapid growth, data availability is only...

Persistent link: https://www.econbiz.de/10012102182