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Current Account Sustainability : Selected East Asian and Latin American Experiences
Milesi-Ferrett, Gian Maria - 1996
forward a notion of current account sustainability and compares the experience of three Latin American countries -- Chile …, Colombia and Mexico -- and three East Asian countries--Korea, Malaysia and Thailand. It identifies a number of potential …
Persistent link: https://www.econbiz.de/10012473042
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Exchange Rate Regimes, Capital Flows and Crisis Prevention
Edwards, Sebastian - 2001
In this paper I analyze, within the context of the new 'financial architecture,' the relationship between exchange rate regimes, capital flows and currency crises in emerging economies. The paper draws on lessons learned during the 1990s, and deals with some of the most important policy...
Persistent link: https://www.econbiz.de/10012470189
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No Contagion, Only Interdependence : Measuring Stock Market Co-movements
Forbes, Kristin - 1999
This paper examines stock market co-movements. It begins with a discussion of several conceptual issues involved in measuring these movements and how to test for contagion. Standard tests examine if cross-market correlation in stock market returns increase during a period of crisis. The measure...
Persistent link: https://www.econbiz.de/10012471523
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Crisis Prevention : Lessons from Mexico and East Asia
Edwards, Sebastian - 1999
economies. Although much of the discussion concentrates on East Asia and Mexico, I also draw on the history of some previous …
Persistent link: https://www.econbiz.de/10012471557
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Acquiring Control in Emerging Markets : Evidence from the Stock Market
Chari, Anusha - 2004
When firms from developed markets acquire firms in emerging markets, market-capitalization-weighted monthly joint returns show a statistically significant increase of 1.8%. Panel data estimations suggest that the value gains from cross-border M&A transactions stem from the transfer of majority...
Persistent link: https://www.econbiz.de/10012467817
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A Model of Crises in Emerging Markets
Dooley, Michael P. - 1997
First generation models of speculative attacks show that apparently random speculative attacks on policy regimes can be fully consistent with rational and well-informed speculative behavior. Unfortunately, models driven by a conflict between exchange rate policy and other macroeconomic...
Persistent link: https://www.econbiz.de/10012472513
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Lessons from the East Asian NICs : A Contrarian View
Young, Alwyn - 1993
The unusually rapid and prolonged growth of both output and exports in the Newly Industralizing Countries of East Asia has led many economists to believe that productivity growth in these economies, particularly in their manufacturing sectors, has been extraordinarily high. This view has, in...
Persistent link: https://www.econbiz.de/10012474463
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Exchange Rates in Emerging Countries : Eleven Empirical Regularities from Latin America and East Asia
Edwards, Sebastian - 2011
In this paper I discuss some of the most important lessons on exchange rate policies in emerging markets during the last 35 years. The analysis is undertaken from the perspective of both the Latin American and East Asian nations. Some of the topics addressed include: the relationship between...
Persistent link: https://www.econbiz.de/10012461584
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Business Practices in Small Firms in Developing Countries
McKenzie, David - 2015
Bangladesh, Chile, Ghana, Kenya, Mexico, Nigeria and Sri Lanka. We show that variation in business practices explains as much of …
Persistent link: https://www.econbiz.de/10012457163
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Foreign and Domestic Bank Participation in Emerging Markets : Lessons from Mexico and Argentina
Goldberg, Linda - 2000
studying bank-specific data on lending by domestically- and foreign-owned banks in Argentina and Mexico. We find that foreign … similar, and lending rates analogously respond to aggregate demand fluctuations. In Mexico, foreign and domestic banks with … with high levels of impaired assets (Mexico) have more stagnant loan growth and weak responsiveness to market signals …
Persistent link: https://www.econbiz.de/10012471047