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India's approach to capital account liberalization
Prasad, Eswar S. - 2009
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. …
Persistent link: https://www.econbiz.de/10010269146
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India's Approach to Capital Account Liberalization
Prasad, Eswar - Institute for the Study of Labor (IZA) - 2009
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. …
Persistent link: https://www.econbiz.de/10005703471
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The Role of the Exchange Rate Regime in the Process of Real and Nominal Convergence
D'Adamo, Gaetano; Rovelli, Riccardo - 2013
During the last decade, economists have intensively searched for evidence on the importance of the Balassa-Samuelson (B-S) hypothesis in explaining nominal convergence. One general result is that B-S can at best explain only part of the excess inflation observed in the European catching-up...
Persistent link: https://www.econbiz.de/10010328933
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How Economic, Political and Institutional Factors Influence the Choice of Exchange Rate Regimes? New Evidence from Selected Countries of the MENA Region
Maraoui, Najia; Hadj Amor, Thouraya; Khefacha, Islem; … - 2022
In this paper, we investigate how economic, political and institutional factors affect the choice of exchange rate regimes, using data on eight MENA (Middle East and North Africa) countries over the 1984-2016 period. Specifically, we run random-effects ordered probit regressions of the...
Persistent link: https://www.econbiz.de/10013351773
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The Role of the Exchange Rate Regime in the Process of Real and Nominal Convergence
D'Adamo, Gaetano; Rovelli, Riccardo - Institute for the Study of Labor (IZA) - 2013
During the last decade, economists have intensively searched for evidence on the importance of the Balassa-Samuelson (B-S) hypothesis in explaining nominal convergence. One general result is that B-S can at best explain only part of the excess inflation observed in the European catching-up...
Persistent link: https://www.econbiz.de/10011128045
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A pragmatic approach to capital account liberalization
Prasad, Eswar S.; Rajan, Raghuram G. - 2008
Cross-country regressions suggest little connection from foreign capital inflows to more rapid economic growth for developing countries and emerging markets. This suggests that the lack of domestic savings is not the primary constraint on growth in these economies, as implicitly assumed in the...
Persistent link: https://www.econbiz.de/10010268907
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A Pragmatic Approach to Capital Account Liberalization
Prasad, Eswar; Rajan, Raghuram G. - Institute for the Study of Labor (IZA) - 2008
Cross-country regressions suggest little connection from foreign capital inflows to more rapid economic growth for developing countries and emerging markets. This suggests that the lack of domestic savings is not the primary constraint on growth in these economies, as implicitly assumed in the...
Persistent link: https://www.econbiz.de/10005703740
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Does openness to international financial flows contribute to productivity growth?
Kose, M. Ayhan; Prasad, Eswar S.; Terrones, Marco E. - 2008
Economic theory has identified a number of channels through which openness to international financial flows could raise productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output growth, far less attention has been paid to its...
Persistent link: https://www.econbiz.de/10010268841
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Financial globalization and economic policies
Kose, M. Ayhan; Prasad, Eswar; Rogoff, Kenneth; Wei, … - 2009
We review the large literature on various economic policies that could help developing economies effectively manage the process of financial globalization. Our central findings indicate that policies promoting financial sector development, institutional quality and trade openness appear to help...
Persistent link: https://www.econbiz.de/10010269041
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Trade and migration with renewable natural resources: Out-of-steady-state dynamics
López, Ramón; Schiff, Maurice - 2010
Commodity price increases associated with the entry of China, India and other countries into the world economy has led …
Persistent link: https://www.econbiz.de/10010269825