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Too much, too little, or too volatile? : international capital flows to developing countries in the 1990s

Nunnenkamp, Peter - 2001

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/10011495541

Real financial market exchange rates and capital flows

Gelman, Maria; Jochem, Axel; Reitz, Stefan; Taylor, Mark P. - 2014

Foreign exchange rates, asset prices and capital movements are expected to be closely related to each other as international capital markets become more and more integrated. This paper provides new empirical evidence from an index of exchange-rate adjusted cross-country asset price ratios, which...

Persistent link: https://www.econbiz.de/10010384182

Worker remittances and capital flows

Buch, Claudia M.; Kuckulenz, Anja; Le Manchec, … - 2002

The debate on the risks and benefits of the globalisation of international capital markets has focused on the volume and the volatility of the main capital flows - foreign direct investment (FDI), portfolio investment, and foreign bank lending. Financial transfers in the form of worker...

Persistent link: https://www.econbiz.de/10011475864

Foreign currency bank funding and global factors

Krogstrup, Signe; Tille, Cédric - 2018

The literature on drivers of capital flows stresses the prominent role of global financial factors. Recent empirical work, however, highlights how this role varies across countries and time, and this heterogeneity is not well understood. We revisit this question by focusing on financial...

Persistent link: https://www.econbiz.de/10011847862

Avoiding the trap : the dynamic interaction of North-South capital mobility and technology diffusion

Hübler, Michael (contributor) - 2009

This paper analyzes a stylized model of international capital mobility and diffusion of embodied technologies from North to South. The South can fall behind in terms of technologies or get trapped in a situation, in which it is unable to attract foreign capital and embodied technologies, if its...

Persistent link: https://www.econbiz.de/10003795826

The optimal transfer of capital and embodied technologies to developing countries

Hübler, Michael (contributor); Lontzek, Thomas (contributor) - 2009

We study the North-South diffusion of technologies embodied in internationally mobile capital in a framework of intertemporal global welfare maximization. Convergence of the growth rates of technical change in the North and South always occurs in the long-run. However, the degree to which the...

Persistent link: https://www.econbiz.de/10003795829

What kind of shock was it? : Regional integration and structural change in Germany after unification

Burda, Michael C. (contributor) - 2007

Eastern Germany's recovery from the unification shockʺ has been characterized by deep structural change with apparent repercussions for the West as well and an integration process involving both capital deepening (extensive and intensive investment) and labor thinning (net out-migration). I...

Persistent link: https://www.econbiz.de/10003414225

Do real exchange rate appreciations matter for growth?

Bussière, Matthieu; Lopez, Claude; Tille, Cédric - 2014

While the impact of exchange rate changes on economic growth has long been an issue of key importance in international macroeconomics, it has received renewed attention in recent years, owing to weaker growth rates and the debate on "currency wars". However, in spite of its prevalence in the...

Persistent link: https://www.econbiz.de/10010348280

Determinants of short-term debt

Buch, Claudia M.; Lusinyan, Lusine - 2000

lengthen the maturity of foreign debt. Short-term debt is typically considered to be volatile and thus a potential trigger of … evidence on the determinants of short-term debt. This paper summarizes the theoretical literature on the issue and presents a … stylized theoretical model, which focuses on the risks and benefits of short-term debt under conditions of uncertainty …

Persistent link: https://www.econbiz.de/10011472278

Capital and trade flows in Europe and the impact of enlargement

Buch, Claudia M.; Piazolo, Daniel - 2000

The Eastern enlargement of the European Union (EU) is likely to give a further boost to trade and capital flows, yet empirical evidence on the possible magnitudes is still scarce. This paper uses four different datasets to estimate the determinants of international asset holdings and trade...

Persistent link: https://www.econbiz.de/10011472489