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Financial flows and exchange rates: Challenges faced by developing countries
Almeida Ramos, Raquel - 2012
[Introduction ...] This paper examines the problems of the excessive volatility of capital inflows in emerging market …
Persistent link: https://www.econbiz.de/10010293298
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Systemic sudden stops: The relevance of balance-sheet effects and financial integration
Calvo, Guillermo A.; Izquierdo, Alejandro; Mejía, … - 2008
Using a sample of 110 developed and developing countries for the period 1990-2004, this paper analyzes the characteristics of systemic sudden stops (3S) in capital flows and the relevance of balance-sheet effects in the likelihood of their materialization. A small supply of tradable goods...
Persistent link: https://www.econbiz.de/10010278271
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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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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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Capital flows and economic growth in the era of financial integration and crisis: 1990 - 2010
Aizenman, Joshua; Jinjarak, Yothin; Park, Donghyun - 2011
We investigate the relationship between economic growth and lagged international capital flows, disaggregated into FDI … FDI - both inflows and outflows - and growth. The relationship between growth and equity flows is smaller and less stable …
Persistent link: https://www.econbiz.de/10010288124
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Is FDI a Safer Form of Financing?
Fernández-Arias, Eduardo; Hausmann, Ricardo - 2000
It has been common to attribute financial crises to short-term capital inflows, while foreign direct investment (FDI … relevant at present because the flow of capital to Latin America is becoming increasingly dominated by FDI. This paper asks … their frequency, depth, or length. It explores the possible role of FDI as a benign form of external liability relative to …
Persistent link: https://www.econbiz.de/10010327163
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Trade, gravity and sudden stops: On how commercial trade can increase the stability of capital flows
Cavallo, Eduardo A. - 2006
Financial stability is an important policy objective, since crises are associated with large economic, social and political costs. Promoting stability requires preventing 'sudden stops' in capital flows, which are events in which foreign financing abruptly disappears. This paper contributes to...
Persistent link: https://www.econbiz.de/10010278261
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Trade, gravity, and sudden stops: On how commercial trade can increase the stability of capital flows
Cavallo, Eduardo A.; Cavallo, Eduardo A. - 2005
Financial stability is an important policy objective since crises are associated with big economic, social, and political costs. Promoting stability requires preventing 'sudden stops' in capital flows, which are events in which foreign financing abruptly disappears. This paper contributes to the...
Persistent link: https://www.econbiz.de/10010397715
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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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Aid, Governance, and Private Foreign Investment: Some Puzzling Findings and a Possible Explanation
Harms, Philipp; Lutz, Matthias - 2003
Does official aid pave the road for private foreign investment or does it suffocate private initiative by diverting resources towards unproductive activities? In this paper we explore this question using data for a large number of developing and emerging economies. Controlling for countries'...
Persistent link: https://www.econbiz.de/10011430042