Showing 1 - 10 of 625
This paper discusses possible macroeconomic implications for low-income countries of increased revenue inflows that may follow from implementing certain global greenhouse gas mitigation policies. Such revenue sources include revenue from emissions offset mechanisms, direct investments, and...
Persistent link: https://www.econbiz.de/10012551977
The author evaluates the effectiveness of policy measures adopted by Chile and Colombia, aiming to mitigate the deleterious effects of pro-cyclical capital flows. In the case of Chile, according to his Generalized Method of Moments (GMM) analysis, capital controls succeeded in reducing net...
Persistent link: https://www.econbiz.de/10012552625
The authors combine the literature on financial crises in emerging markets and developing economies with that on international migrations by investigating whether the increasingly large flows of workers' remittances can help reduce the probability of current account reversals. The rationale for...
Persistent link: https://www.econbiz.de/10012554222
Firms often cite financing constraints as one of their primary obstacles to investment. Global capital flows, by bringing in scarce capital, may ease the financing constraints of host country firms. But if incoming foreign investors borrow heavily from domestic banks, foreign direct investment...
Persistent link: https://www.econbiz.de/10012559547
Like many other developing countries, South Asian nations have been experiencing increased foreign direct investment inflows over the past decade as developing countries get a larger share of cross-border investments that were once sent to developed countries. Nonetheless, South Asia's inflows...
Persistent link: https://www.econbiz.de/10012560804
This paper analyzes the effects of capital controls and crises on international financial integration, using data on stocks from emerging economies that trade in domestic and international markets. The cross-market premium (the ratio between the domestic and international market price of...
Persistent link: https://www.econbiz.de/10012552205
transactions take place. The authors find that globalization via the diversification channel expanded throughout the world during …
Persistent link: https://www.econbiz.de/10012554536
, production risk and sovereign risk. This model generates a set of country portfolios and a world distribution of capital stocks …
Persistent link: https://www.econbiz.de/10012559769
developing world, with some countries, and some people, more vulnerable than others. It also threatens to have lasting impacts …
Persistent link: https://www.econbiz.de/10012552231
The paper presents a major overhaul to the World Bank's past estimates of global poverty, incorporating new and better … data. Extreme poverty-as judged by what "poverty" means in the world's poorest countries-is found to be more pervasive than … early 1980s. For 2005 we estimate that 1.4 billion people, or one quarter of the population of the developing world, lived …
Persistent link: https://www.econbiz.de/10012552245