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During the 1990s most transition economies undertook a series of market reforms, including opening their capital accounts. This paper uses static and dynamic panel techniques to assess the effect of FDI, foreign loans and portfolio flows on domestic investment. In this partial adjustment setup,...
Persistent link: https://www.econbiz.de/10011604917
We examine episodes of large gross FDI inflows - surges - at the sectoral level between 1994 and 2009 for 95 emerging-market and industrial countries. We find that surges in the primary and manufacturing sectors are less cyclical and associated with lower macroeconomic volatility than surges in...
Persistent link: https://www.econbiz.de/10011430092
This paper studies the proposition that capital inflows tend to take the form of FDI--i. e. , the share of FDI in total liabilities tends to be higher--in countries that are safer, more promising and with better institutions and policies. It finds that this view is patently wrong since it stands...
Persistent link: https://www.econbiz.de/10010327094
It has been common to attribute financial crises to short-term capital inflows, while foreign direct investment (FDI) is seen as a safer form of finance. The relationship between crises and the composition of capital flows is particularly relevant at present because the flow of capital to Latin...
Persistent link: https://www.econbiz.de/10010327163
In this paper we analyze the conditions under which a foreign direct investment (FDI) involves a net capital flow across countries. Frequently, foreign direct investment is financed in the host country without an international capital movement. We develop a model in which the optimal choice of...
Persistent link: https://www.econbiz.de/10010427477
In recent years China has faced an increasing trilemmahow to pursue an independent domestic monetary policy and limit … impact of the trilemma on China's monetary policy as the country liberalizes its goods and financial markets and integrates … with the world economy. It shows how China has sought to insulate its reserve money from the effects of balance of payments …
Persistent link: https://www.econbiz.de/10010285345
State-owned firms and foreign-owned firms in China are not; Secondly, the geographical and sectoral presence of foreign … restructuring of the state-owned sector and further liberalization of foreign capital inflows in China can help to circumvent …
Persistent link: https://www.econbiz.de/10010313422
Nach dem Zweiten Weltkrieg verzeichnete Deutschland bis heute eine insgesamt positive Wanderungsbilanz. Die Migrantenströme unterliegen erheblichen zeitlichen Schwankungen und offenbaren eine Abhängigkeit von politischen und ökonomischen Entwicklungen, die ihre Ursachen in Deutschland,...
Persistent link: https://www.econbiz.de/10011480780