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Characteristics of Colombian inward foreign direct investment
Abreo, Carlos; Carrillo, Eduardo; Pédussel Wu, Jennifer - 2023
The research delves into the determinants of inward FDI to Colombia in the context of economic integration promoted by … the country more attractive to foreign direct investment (FDI), in a framework of fiscal discipline and a stable economic … environment for economic growth, albeit characterised by complex institutional conditions. Government reforms have revitalized FDI …
Persistent link: https://www.econbiz.de/10014282677
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Finance and Efficiency: Do Bank Branching Regulations Matter?
Acharya, Viral V.; Imbs, Jean; Sturgess, Jason - Institut für Schweizerisches Bankwesen <Zürich> - 2007
We use portfolio theory to quantify the efficiency of state-level sectoral patterns of production in the United States. On the basis of observed growth in sectoral value-added output, we calculate for each state the efficient frontier for investments in the real economy. We study how rapidly...
Persistent link: https://www.econbiz.de/10005858336
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Global imbalances, Bretton Woods II, and Euroland's role in all this
Bibow, Jörg - 2006
Approaching the issue of mounting global imbalances from the perspective of the "Bretton Woods II hypothesis," this paper argues that the popular preoccupation with China's supposed export-led development strategy is misplaced. It also suggests, similar to Japan's depression, subdued growth in...
Persistent link: https://www.econbiz.de/10010266439
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Imbalances? What imbalances? A dissenting view
Wray, L. Randall - 2012
It is commonplace to link neoclassical economics to 18th- or 19th-century physics and its notion of equilibrium, of a pendulum once disturbed eventually coming to rest. Likewise, an economy subjected to an exogenous shock seeks equilibrium through the stabilizing market forces unleashed by the...
Persistent link: https://www.econbiz.de/10010286507
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Evolving international monetary and financial architecture and the development challenge: A liquidity preference theoretical perspective
Bibow, Jörg - 2019
This paper investigates the peculiar macroeconomic policy challenges faced by emerging economies in today's monetary (non)order and globalized finance. It reviews the evolution of the international monetary and financial architecture against the background of Keynes's original Bretton Woods...
Persistent link: https://www.econbiz.de/10012142982
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Suppliers, Investors, and Equity Market Liberalizations
Strieborny, Martin - 2013
Equity market liberalizations allow foreign investors to acquire ownership stakes in domestic firms. Previous research on the real impact of these events has therefore emphasized the interactions between firms and investors. This paper shows that cross-border equity flows also improve...
Persistent link: https://www.econbiz.de/10013208641
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Capital's long march west: Saving and investment frictions in Chinese regions
Cudré, Samuel - 2014
While China has been pivotal in discussions and academic research on global imbalances, little is known about macroeconomic external imbalances among Chinese regions and the factors driving them. We use aggregate regional data and estimate provincial total factor productivity growth over...
Persistent link: https://www.econbiz.de/10011282498
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Foreign currency debt, financial crises and economic growth: A long run view
Bordo, Michael D.; Meissner, Christopher M.; Stuckler, David - 2009
Foreign currency debt is widely believed to increase risks of financial crisis, especially after being implicated as a cause of the East Asian crisis in the late 1990s. In this paper, we study the effects of foreign currency debt on currency and debt crises and its indirect effects on short-term...
Persistent link: https://www.econbiz.de/10010282106
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Capital flows: Catalyst or hindrance to economic takeoffs?
Aizenman, Joshua; Sushko, Vladyslav - 2011
inflows of portfolio debt, portfolio equity, and FDI, controlling for country's stock of short-term external debt and … commodity terms of trade. Average level of FDI inflows is associated with a 23 percent higher takeoff probability relative to a … zero FDI inflow benchmark, and this effect is highest for the Latin America subsample, with a 65 rise in takeoff …
Persistent link: https://www.econbiz.de/10010287770
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Capital flows: Catalyst or hindrance to economic takeoffs?
Aizenman, Joshua; Sushko, Vladyslav - 2011
inflows of portfolio debt, portfolio equity, and FDI, controlling for country's stock of short-term external debt and … commodity terms of trade. Average level of FDI inflows is associated with a 23 percent higher takeoff probability relative to a … zero FDI inflow benchmark, and this effect is highest for the Latin America subsample, with a 65 rise in takeoff …
Persistent link: https://www.econbiz.de/10010288171