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international financing agencies in the world. The Bank serves as a channel of private investment funds at reasonable cost for the …John. J. McCloy, President of the International Bank for Reconstruction and Development, spoke about directing … international investment of capital toward productive purposes. He spoke on the role of the Bank as one of the principal …
Persistent link: https://www.econbiz.de/10012646147
This paper examines the influence of sovereign credit ratings and relative risk ratings on private capital flows to 26 emerging and frontier market economies, using quarterly data for 1998-2017. A dynamic panel regression model is used to estimate the relationship between ratings and capital...
Persistent link: https://www.econbiz.de/10012388636
Because of the steady liberalization of the capital account since the early 1990s and increased financial integration of the Indian economy, capital flows to India have moved in tandem with broad global trends. This paper looks at the extent to which India's monetary policy has been affected by...
Persistent link: https://www.econbiz.de/10012246467
This paper investigates the sources of capital misallocation across a group of 11 developing and developed countries. The main findings are (i) technological frictions, namely, adjustment costs and uncertainty, account for only a modest share of observed misallocation, leaving ample scope for...
Persistent link: https://www.econbiz.de/10012121180
The paper makes two main contributions. First, it analyzes net foreign assets and liabilities in selected Arab countries over the past two decades, emphasizing the relative significance of direct versus portfolio investment. It distinguishes between foreign direct investment, portfolio equity...
Persistent link: https://www.econbiz.de/10012228180
and South since the 2000s. The paper shows that the region is increasingly more connected with the rest of the world, even …
Persistent link: https://www.econbiz.de/10012246413
conventional wisdom still holds in the contemporary world. The results show that, despite recent structural and regulatory changes …
Persistent link: https://www.econbiz.de/10012246439
This study uses loan-level data on syndicated lending to a large sample of developing countries between 1993 and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), that is, their ability to crowd-in capital from private creditors. Controlling for a large set of...
Persistent link: https://www.econbiz.de/10012229764
This paper discusses recent trends and investigates the drivers of capital flows across regions in the world, with … new sources, such as international bond issuances and debt inflows from non-Paris Club governments. The main message is …
Persistent link: https://www.econbiz.de/10012008166
This paper assesses the international comovement of gross capital flows in a setting simultaneously encompassing … outflows. The latent factors configure an international financial cycle that closely tracks the trends in a handful of global … international cycle-especially for advanced economies-up to the global financial crisis. Exposure to the cycle is robustly related …
Persistent link: https://www.econbiz.de/10012008280