Showing 1 - 10 of 560
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
Persistent link: https://www.econbiz.de/10012246110
This paper discusses recent trends and investigates the drivers of capital flows across regions in the world, with emphasis on Sub-Saharan Africa. The post-global financial crisis behavior of capital flows into Sub-Saharan Africa is unique and differs from that of global capital flows. The...
Persistent link: https://www.econbiz.de/10012008166
The recent reversal of capital flows to emerging markets has pointed up the continuing relevance of the sudden stop problem. This paper analyzes the sudden stops in capital flows to emerging markets since 1991. It shows that the frequency and duration of sudden stops have remained largely...
Persistent link: https://www.econbiz.de/10012246252
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 presents estimates of the relationship between the share of income accruing to the middle class and gross domestic product per capita of economies from the Association of Southeast Asian Nations. The increase in gross domestic product per capita that these economies experienced during...
Persistent link: https://www.econbiz.de/10012246154
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
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 … international financing agencies in the world. The Bank serves as a channel of private investment funds at reasonable cost for the …
Persistent link: https://www.econbiz.de/10012646147
This paper describes how Latin America and the Caribbean has been integrating financially with countries in the North and South since the 2000s. The paper shows that the region is increasingly more connected with the rest of the world, even relative to gross domestic product. The region's...
Persistent link: https://www.econbiz.de/10012246413