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Dynamique des investissements, mutations sectorielles et convertibilité du compte de capital : impacts des mesures de libéralisation et expériences comparées Tunisie - Maroc
Baccouche, Rafik; Bouoiyour, Jamal; Hatem, M’Henni; … - Volkswirtschaftliche Fakultät, … - 2008
the effects of FDI on productivity. In a third time, we try to link the two leverage factors; in order to determine the … impact of exchange rate policies on flows of FDI (and productivity). The originality of our approach lies to two levels …: Concerning the relationship FDI - exchange rate policy, we propose a misalignment estimate, which is defined as the deviation of …
Persistent link: https://www.econbiz.de/10011260328
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Analysis of an unannounced foreign exchange regime change
Khemraj, Tarron; Pasha, Sukrishnalall - Volkswirtschaftliche Fakultät, … - 2011
Starting in 2004 the Guyanese foreign exchange rate has been remarkably stable relative to earlier periods. This paper explores the reasons for the stability of the rate. First, the degree of concentration in the foreign exchange market has increased, thus making the task of moral suasion...
Persistent link: https://www.econbiz.de/10011110737
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MODELLING THE WORLD EXCHANGE RATES:DYNAMICS, VOLATILITY AND FORECASTING
Nwaobi, Godwin - Volkswirtschaftliche Fakultät, … - 2008
Indeed, the specification of equilibrium in the world economy depends on the exchange rate regime and thus, the early contributions to the postwar literature on exchange rate economics are to a large extent concerened with the role of speculation in foreign exchange markets. However, the world...
Persistent link: https://www.econbiz.de/10005619306
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Understanding the Backus-Smith Puzzle: It’s the (Nominal) Exchange Rate, Stupid
Hess, Gregory; Shin, Kwanho - Volkswirtschaftliche Fakultät, … - 2006
Backus, Kehoe and Kydland (BKK 1992) showed that if international capital markets are complete, consumption growth correlations across countries should be higher than their corresponding output growth correlations. In stark contrast to the theory, however, in actual data the consumption growth...
Persistent link: https://www.econbiz.de/10005622064
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Cyclical relationship between exchange rates and macro-fundamentals in Central and Eastern Europe
Stavarek, Daniel - Volkswirtschaftliche Fakultät, … - 2013
We present empirical evidence on the business cycle relationship between nominal and real effective exchange rate, real GDP, consumption, investment, export, import and general government debt for a group of ten countries from the Central and Eastern Europe. We apply cross-correlation on...
Persistent link: https://www.econbiz.de/10011109425
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International Reserves for Emerging Economies: A Liquidity Approach.
Jung, Kuk Mo; Pyun, Ju Hyun - Volkswirtschaftliche Fakultät, … - 2015
The massive stocks of foreign exchange reserves, mostly held in the form of U.S. T-Bonds by emerging economies, are still an important puzzle. Why do emerging economies continue to willingly loan to the United States despite the low rates of return? We propose that a dynamic general equilibrium...
Persistent link: https://www.econbiz.de/10011275137
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Factors Determining FDI in Nigeria: Role of Emerging Economies
Dinda, Soumyananda - Volkswirtschaftliche Fakultät, … - 2012
This paper investigates the determinants of FDI in Nigeria, which is poor in terms of income but rich in natural … this paper re-examine the factors determining FDI inflow to Nigeria in this globalized era. The economic activity of the … clearly ensure that FDI inflow to Nigeria is resource-seeking FDI and market size has no role that contradicts our earlier …
Persistent link: https://www.econbiz.de/10011107412
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Factors determining FDI in Nigeria: an empirical investigation
Dinda, Soumyananda - Volkswirtschaftliche Fakultät, … - 2009
This paper investigates the recent surge of FDI in Nigeria, which is poor in terms of income but rich in natural … resources. This study examines empirically whether FDI is resource seeking in Nigeria and its determining factors. Applying time … series technique this paper observes that FDI flow to Nigeria is resource-seeking FDI during 1970-2006. In long run, the …
Persistent link: https://www.econbiz.de/10011108701
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Exchange Rate, Market Size and Human Capital Nexus Foreign Direct Investment – A Bound Testing Approach for Pakistan
Chaudhry, Naveed Iqbal; Mehmood, Mian Saqib; Mehmood, Asif - Volkswirtschaftliche Fakultät, … - 2014
investment (FDI). In this regard, time series data on annual basis has been collected for the period 1985–2010 and an Augmented … FDI but exchange rate shows negative impact in this regard. The coefficient ECM is negative and significant, which means …, the country should concentrate on the ingredients of this study so that it could attract more FDI as compared to the other …
Persistent link: https://www.econbiz.de/10011110932
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The Structural Relationship Between Current and Capital Account Balance in India : A Time Series Analysis
Chakraborty, Debashis; Mukherjee, Jaydeep; Sinha, Tanaya - 2010
The long run relationship between current account balance (CAB) and capital account balance (KAB) and the repercussions of capital account convertibility (KAC) on growth process of a country is a much debated issue. In particular, in the aftermath of the Southeast Asian crisis, the limitation of...
Persistent link: https://www.econbiz.de/10014194754