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This study investigates the effect of trade liberalization on export growth, import growth, the trade balance and the … assesses the marginal relation between capital flows (e.g., aid flows) and import growth, and the trade balance and the current … account of the balance of payments. The higher import growth contrasts with the more modest export growth following trade …
Persistent link: https://www.econbiz.de/10010284646
This paper investigates the consequences of the currency devaluation, both in levels and rates, on the balance of payments in a cash-in-advance economy with finite horizons, endogenous capital accumulation and international capital immobility. In this context, a once and for all currency...
Persistent link: https://www.econbiz.de/10011335687
Workers’ remittances have become the second largest source of net financial flows to developing countries. However, the main motives for sending remittances remain controversial. This paper examines the importance of altruistic versus investment motives using a new panel data set of bilateral...
Persistent link: https://www.econbiz.de/10011604734
This occasional paper describes the monetary presentation of the euro area balance of payments and its use. The monetary presentation is a tool for assessing the impact of balance of payments transactions involving non-bank residents on monetary developments. The paper explains in detail the...
Persistent link: https://www.econbiz.de/10011606248
What explains the US dollar's role in the global economy and the tensions affecting its likely persistence? Most analyses start from Triffin's dilemma, which accurately captured specific but partial tensions of a global monetary system based on essentially fixed exchange rates, gold backing for...
Persistent link: https://www.econbiz.de/10014633245
Persistent link: https://www.econbiz.de/10011695810
This paper analyses the impact of the reduction of tariff and non-tariff barriers on the trade balance and the current account of the balance of payments of 22 selected developing countries from Africa, Latin America, East Asia, and South Asia. The study presents estimates of dynamic panel data...
Persistent link: https://www.econbiz.de/10010290656
The broad purpose of trade liberalisation is to raise the rate of growth of countries on a sustainable basis, consistent with the achievement of other macroeconomic objectives. In this paper we consider whether trade liberalisation in seventeen countries of Latin America has improved the...
Persistent link: https://www.econbiz.de/10010290663
income elasticity of demand for imports (partly associated with an increase in foreign direct investment with a high import …
Persistent link: https://www.econbiz.de/10010290687
and imports; however, the effects of NAFTA are negligible. Since the mid-1980s, the propensity to import has exceeded the …
Persistent link: https://www.econbiz.de/10010290694