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We analyze the way in which Latin American countries have adjusted to commodity terms of trade (CTOT) shocks in the 1970–2007 period. Specifically, we investigate the degree to which the active management of international reserves and exchange rates impacted the transmission of international...
Persistent link: https://www.econbiz.de/10011048521
, possibly reflecting high-income countries' tendency to deploy their savings in the global capital markets. The presence of …
Persistent link: https://www.econbiz.de/10011208913
In this paper, we provide empirical evidence on the factors that motivated emerging economies to change their capital … outflow controls in the recent decades. Liberalization of capital outflow controls can allow emerging market economies (EMEs …) to reduce net capital inflow (NKI) pressures, but may cost their governments the fiscal revenues that external financial …
Persistent link: https://www.econbiz.de/10011048467
We explore the stability of the conditioning variables accounting for the real estate valuation before and after the crisis of 2008–9, in a panel of 36 countries, recognizing the crisis break. We validate the robustness of the association between the real estate valuation and lagged current...
Persistent link: https://www.econbiz.de/10011077096