Showing 1 - 10 of 148
between national savings and domestic investment emerges as a robust empirical regularity. If this regularity is to be … imperfections in causing saving-investment corrrelations has hardly been investigated so far. …
Persistent link: https://www.econbiz.de/10010275364
This paper discusses the difference between Fisherian and Ricardian trade in terms of a simple two-period model of a small open economy. Fisherian or intertemporal trade occurs when goods are traded today against the promise to deliver goods in the future. The resulting net resource transfer is...
Persistent link: https://www.econbiz.de/10010275416
Der Beitrag analysiert die Argentinien-Krise, vergleicht die makroökonomische Entwicklung von Argentinien, Brasilien, Chile und Mexiko seit der Mexiko-Krise und entwickelt Indikatoren zur Beurteilung der Entwicklungschancen dieser Länder. Für Argentinien wie für Brasilien, Chile und Mexiko...
Persistent link: https://www.econbiz.de/10010283010
Developing countries are constrained in financing current account deficits as real capital mobility is still far from perfect. At the same time, capital flows to these countries proved to be extremely volatile. The paper argues that the long-term problem of "too little" should not be confused...
Persistent link: https://www.econbiz.de/10010265491
This paper assesses the extent of international capital mobility in a time series context. It explores the possibility that the current account balance of different OECD-countries contains a unit root. It is shown that if the ratio of the current account balance to GDP is found to be integrated...
Persistent link: https://www.econbiz.de/10010265586
investment activities. Rather, domestic economic policy has to change in accordance: Liberalization matters, not only membership. …
Persistent link: https://www.econbiz.de/10010275422
for the reform states of Central and Eastern Europe. Its major findings are that domestic investment conditions matter and … controls on capital flows is highly questionable. Moreover, capital controls raise the irreversibility of investment projects … and may cause the postponement of investment decisions. The countries under review have made substantial progress towards …
Persistent link: https://www.econbiz.de/10010275477
U.S. equity outperformance and sustained dollar appreciation have led to large valuation gains for the rest of the world on the U.S. external position. The author constructs their global distribution, carefully accounting for the role of tax havens. Valuation gains are concentrated and large in...
Persistent link: https://www.econbiz.de/10014502592
and investment. A comparison with the southern members of the EU shows that the countries under review have reached a …
Persistent link: https://www.econbiz.de/10010260508
Similar to Chile in the 1990s, Slovenia has introduced an unremunerated reserve requirement (URR) on financial credits in 1995. We find that the URR has not been effective in reducing overall inflows of foreign capital. Hence, the gain in monetary autonomy has been limited. While the overall...
Persistent link: https://www.econbiz.de/10010260523