Showing 1 - 10 of 14,601
The first part of this paper examines the theoretical and empirical case for full capital account liberalization in … it. The second part considers the liberalization of only the long-term capital account, particularly FDI--a form of …
Persistent link: https://www.econbiz.de/10005769816
liberalization of both trade and foreign direct investment (FDI) has been an integral part, is of paramount importance. By fostering … impacts (intended or unintended) on the economy, the TPRM can be a catalyst for unilateral reform, including liberalization of … trade and FDI. Although the latter has received added impetus from multilateral liberalization under the auspices of the …
Persistent link: https://www.econbiz.de/10010326768
) from other flows and emphasizing the role of financial liberalization and. Two reasons brought about this examination. The … developing ones. The second is a greater liberalization process in these economies. This article builds financial liberalization … indicators based on political rules. The capital account liberalization is introduced as an explanatory variable in the model …
Persistent link: https://www.econbiz.de/10005699642
The paper presents a comprehensive survey of the ‘shopping list’ of sources of external finance that are directly channelled to the business sector of developing countries. Generally, our analytical survey covers the 1970-2000 period, and includes the distribution of foreign resources...
Persistent link: https://www.econbiz.de/10010279348
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10010231008
While capital flows to emerging markets bring numerous benefits, they are also known to create macroeconomic imbalances (economic overheating, currency overvaluation) and increase financial vulnerabilities (domestic credit growth, bank leverage, foreign currency-denominated lending). But are all...
Persistent link: https://www.econbiz.de/10011653787
While capital flows to emerging markets bring numerous benefits, they are also known to create macroeconomic imbalances (economic overheating, currency overvaluation) and increase financial vulnerabilities (domestic credit growth, bank leverage, foreign currency-denominated lending). But are all...
Persistent link: https://www.econbiz.de/10011522086
Two issues stand out in this conversation. The first concerns the unfinished business of the global fight against the scourge of poverty, which impacts one region more than most: Africa. At the same time, a key pre-requisite for economic performance - affordable and efficient public...
Persistent link: https://www.econbiz.de/10010435379
This article analyzes the effects of financial liberalization on economic growth, focusing mainly the empirical aspects … has capital account liberalization had on economic growth? Has liberalization affected equally both developed and … previous results found in the literature, showing that liberalization has a positive and uniform effect on growth: evidence …
Persistent link: https://www.econbiz.de/10005170254
This paper examines the effect of administrative restrictions on cross-border capital transactions. Using highly disaggregated data from the German balance of payments statistics for the period from 1999 through 2017, we document several stylized facts about the effectiveness of such capital...
Persistent link: https://www.econbiz.de/10012264940