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Bad Investments and Missed Opportunities? Postwar Capital Flows to Asia and Latin America
Ohanian, Lee E. - 2015
Since 1950, the economies of East Asia grew rapidly but received little inter-national capital, while Latin America received considerable international capitaleven as their economies stagnated. The literature typically explains the failureof capital to flow to high growth regions as resulting...
Persistent link: https://www.econbiz.de/10013011451
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Capital Flows, Foreign Direct Investment, and Debt-Equity Swaps in Developing Countries
Edwards, Sebastian - 2021
One of the nest serious consequences of the debt crisis of 1982 has been the reduction in the accessibility to the world capital market for most developing countries. This situation has proved to be particularly serious for Latin American nations. At this juncture, a key question is how to...
Persistent link: https://www.econbiz.de/10013218528
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Latin America and Foreign Capital in the Twentieth Century : Economics, Politics, and Institutional Change
Taylor, Alan M. - 2021
Latin America began the twentieth century as a relatively poor region on the periphery of the world economy. One cause of a low level of income per person was capital scarcity. Long run growth via capital deepening requires either the mobilization of domestic capital through savings, or large...
Persistent link: https://www.econbiz.de/10013239957
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Foreign Capital in Latin America in the Nineteenth and Twentieth Centuries
Taylor, Alan M. - 2021
This paper examines the history of foreign investment in Latin America in the two centuries since independence. Investment flows to the region were sometimes large and always volatile. Symptoms of overborrowing, sudden stops, debt, default and crises have been evident from the beginning. In...
Persistent link: https://www.econbiz.de/10013243417
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International Trade and Factor Mobility : an Empirical Investigation
Goldberg, Linda S.; Klein, Michael W. - 2021
Foreign Direct Investment (FDI) has been growing rapidly, at a pace far exceeding the growth in international trade …. Thus, a full understanding of the relationship between trade in goods and FDI is important for obtaining a complete picture … of the extent and sources of international linkages. We investigate whether FDI serves as a complement to trade or a …
Persistent link: https://www.econbiz.de/10013244735
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The United States and Foreign Competition in Latin America
Edwards, Sebastian - 2022
This paper analyzes the evolution of the U.S. trade relations with Latin America, investigating the possible path that these relations will take in the future. The data analyzed show that during the last 15 years or so there has been no significant loss in the U.S. aggregate competitive position...
Persistent link: https://www.econbiz.de/10014103708
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Economic Growth with Constraints on Tax Revenues and Public Debt : Implications for Fiscal Policy and Cross-Country Differences
Aizenman, Joshua - 2007
This paper evaluates optimal public investment and fiscal policy for countries characterized by limited tax and debt capacities. We study a non stochastic CRS endogenous growth model where public expenditure is an input in the production process, in countries where distortions and limited...
Persistent link: https://www.econbiz.de/10012777949
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What Hinders Investment in the Aftermath of Financial Crises : Insolvent Firms or Illiquid Banks?
Kalemli-Ozcan, Sebnem - 2010
We quantify the effects of lending and balance sheet channels on corporate investment during large crises in emerging markets. The depreciated currency creates investment opportunities in the tradable sector but firms might be financially constrained due to: 1) a deterioration of their balance...
Persistent link: https://www.econbiz.de/10013135885
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A Comparison of Monetary Anchor Options, Including Product Price Targeting, for Commodity-Exporters in Latin America
Frankel, Jeffrey A. - 2010
Seven possible nominal variables are considered as candidates to be the anchor or target for monetary policy. The context is countries in Latin America and the Caribbean (LAC), which tend to be price takers on world markets, to produce commodity exports subject to volatile terms of trade, and to...
Persistent link: https://www.econbiz.de/10013138116
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Adjustment Patterns to Commodity Terms of Trade Shocks : The Role of Exchange Rate and International Reserves Policies
Aizenman, Joshua - 2011
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/10013117207