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Are Price-Based Capital Account Regulations Effective in Developing Countries?
David, Antonio C. - 2016
The author evaluates the effectiveness of policy measures adopted by Chile and Colombia, aiming to mitigate the deleterious effects of pro-cyclical capital flows. In the case of Chile, according to his Generalized Method of Moments (GMM) analysis, capital controls succeeded in reducing net...
Persistent link: https://www.econbiz.de/10012747799
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Tinker, Taper, QE, Bye? The Effect of Quantitative Easing on Financial Flows to Developing Countries
Lim, Jamus Jerome - 2017
This paper examines gross financial inflows to developing countries between 2000 and 2013, with a particular focus on the potential effects of quantitative easing policies in the United States and other high-income countries. The paper finds evidence for potential transmission of quantitative...
Persistent link: https://www.econbiz.de/10012973370
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Does Greater Regulatory Burden Lead to More Corruption? Evidence Using Firm-Level Survey Data for Developing Countries
Amin, Mohammad - 2020
Regulation often creates opportunities for public officials to extract bribes. If this is true, deregulation offers a … simple way to combat corruption. However, empirical evidence on the corruption and regulation nexus is limited. Further, the …
Persistent link: https://www.econbiz.de/10012841203
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Entry Regulation and Formalization of Microenterprises in Developing Countries
Bruhn, Miriam - 2017
The majority of microenterprises in most developing countries remain informal despite more than a decade of reforms aimed at making it easier and cheaper for them to formalize. This paper summarizes the evidence on the effects of entry reforms and related policy actions to promote firm...
Persistent link: https://www.econbiz.de/10012974218
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Powering Up Developing Countries Through Integration?
Auriol, Emmanuelle - 2017
Power market integration is analyzed in a two-country model with nationally regulated firms and costly public funds. If the generation costs between the two countries are too similar, negative business stealing outweighs efficiency gains so that the subsequent integration welfare decreases in...
Persistent link: https://www.econbiz.de/10012966114
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Charting the Diffusion of Power Sector Reforms Across the Developing World
Foster, Vivien - 2019
Some 25 years have elapsed since international financial institutions espoused a package of power sector reform measures that became known as the Washington Consensus. This package encompassed the establishment of autonomous regulatory entities, the vertical and horizontal unbundling of...
Persistent link: https://www.econbiz.de/10012900698
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Taking Stock of Economic Regulation of Power Utilities in the Developing World : A Literature Review
Rodriguez Pardina, Martin A. - 2019
uptake of regulation, implementation has proved to be challenging in the developing world. Regulators were seldom as …-to-day practice of regulation. In practice, many developing countries operate with ?advisory regulators? whose main role is to provide … technical support to the ultimate political decision makers. Nevertheless, there is some evidence that regulation has had a …
Persistent link: https://www.econbiz.de/10012891606
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Pension Funds, Capital Markets, and the Power of Diversification
Stewart, Fiona - 2019
The potential for pension funds to contribute to capital markets and thereby economic growth has been argued on a theoretical basis and demonstrated empirically. However, reforms fostering the development of funded pension systems have not had the economic impact hoped for in some countries....
Persistent link: https://www.econbiz.de/10012901506
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Swept by the Tide? The International Comovement of Capital Flows
Fernandez Lafuerza, Luis Gonzalo - 2019
This paper assesses the international comovement of gross capital flows in a setting simultaneously encompassing aggregate inflows and outflows. It uses as empirical framework a multilevel latent factor model, implemented on flow data for a large sample of countries over more than three decades....
Persistent link: https://www.econbiz.de/10012889898
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Capital Control Liberalization and Stock Market Development
Belli, Paolo - 2017
The authors address two questions: What happens to stock market size, liquidity, volatility, and integration with world capital markets after capital controls are liberalized? And what is the relationship between those indicators of stock market development and regulations about information...
Persistent link: https://www.econbiz.de/10012746910