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Managing global financial flows at the cost of national autonomy: China and India
Sen, Sunanda - 2012
Persistent link: https://www.econbiz.de/10010318671
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India's expericene in navigating the trilemma: Do capital control help?
Kohli, R. - 2011
Managing capital flows is the key policy challenge for emerging economies like India in the aftermath of the crisis. In … contrast to other emerging markets who are levying capital controls, India's macro-monetary framework is distinguished by … significant restrictions that help manage inflows. Against this context, the paper characterizes India's capital account …
Persistent link: https://www.econbiz.de/10011807663
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Journey into the unknown? Economic consequences of factor market integration under increasing returns to scale
Schäfer, Andreas; Steger, Thomas - 2012
What are the dynamic consequences of comprehensive integration shocks? The answer to this question appears all but trivial. We set up a dynamic macroeconomic model of a small open economy where both capital and labor are mobile and there are increasing returns to scale at the aggregate level....
Persistent link: https://www.econbiz.de/10010309230
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Financial transactions taxes
Shome, Parthasarathi - 2011
This paper attempts to address both theoretical and practical considerations for a tax such as financial transactions taxes (FTT). It includes examples of FTT in the wider context, for example, on stocks and derivatives, currency transactions, and tangible property. Most of the discussion...
Persistent link: https://www.econbiz.de/10011807660
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Financial integration in emerging market economies
Pasricha, Gurnain Kaur - 2008
This paper analyzes de-facto integration in some Emerging Market Economies based on behavior of deviations from Covered Interest Parity in the last decade. An Asymmetric Self Exciting Threshold Autoregressive model is used to estimate bands of speculative inaction. The estimated bands follow the...
Persistent link: https://www.econbiz.de/10010285302
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Determinants of financial stress and recovery during the great recession
Aizenman, Joshua; Pasricha, Gurnain Kaur - 2010
In this paper, we explore the link between stress in the domestic financial sector and the capital flight faced by countries in the 2008-9 global crisis. Both the timing of emergence of internal financial stress in developing economies, and the size of the peak-trough declines in the stock price...
Persistent link: https://www.econbiz.de/10010287772
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Macroeconomic implications of financialization
Skott, Peter; Ryoo, Soon - 2007
A growing literature suggests that 'financialization' may weaken the performance of non-financial corporations and constrain the growth of aggregate demand. This paper evaluates (some of) the claims that have been made using two alternative approaches (one derived from Skott (1981, 1988, 1989)...
Persistent link: https://www.econbiz.de/10010287829
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Determinants of financial stress and recovery during the great recession
Aizenman, Joshua; Pasricha, Gurnain Kaur - 2010
In this paper, we explore the link between stress in the domestic financial sector and the capital flight faced by countries in the 2008-9 global crisis. Both the timing of emergence of internal financial stress in developing economies, and the size of the peak-trough declines in the stock price...
Persistent link: https://www.econbiz.de/10010288149
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Financial integration in emerging market economies
Pasricha, Gurnain Kaur - 2008
This paper analyzes de-facto integration in some Emerging Market Economies based on behavior of deviations from Covered Interest Parity in the last decade. An Asymmetric Self Exciting Threshold Autoregressive model is used to estimate bands of speculative inaction. The estimated bands follow the...
Persistent link: https://www.econbiz.de/10010288174
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Does Oil Price Uncertainty Transmit to Stock Markets?
Ågren, Martin - 2006
The paper presents an empirical study of volatility spillover from oil prices to stock markets within an asymmetric BEKK model. Using weekly data on the aggregate stock markets of Japan, Norway, Sweden, the U.K., and the U.S., strong evidence of volatility spillover is found for all stock...
Persistent link: https://www.econbiz.de/10010321644