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A volatilidade do fluxo de capital para economias emergentes: O papel da qualidade institucional do governo e do desenvolvimento do sistema financeiro doméstico
Rocha, Kátia; Moreira, Ajax - 2013
The paper proposes a panel model to the determinants of capital flow volatility to a group of eighteen emerging market … economies (EME) in the period of 2000 to 2011. It studies the robustness of the model regarding different volatility measures … volatility can be achieved by the adoption of policies that improve government institutional quality and promote development …
Persistent link: https://www.econbiz.de/10010330935
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What Drives Different Types of Capital Flows and Their Volatilities in Developing Asia?
Mercado, Rogelio; Park, Cyn-Young - 2011
volatile capital flows and their disruptive potential. This paper aims to identify factors that explain the size and volatility … determinants of capital inflows to developing Asia. Trade openness increases the volatility of all types of capital inflows, while … change in stock market capitalization, global liquidity growth, and institutional quality lowers the volatility. A regional …
Persistent link: https://www.econbiz.de/10010507512
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The effect of FDI on low and high-skilled employment and wages in Mexico: a study for the manufacture and service sectors
Saucedo, Eduardo; Ozuna, Teofilo; Zamora, Hector - In: Journal for Labour Market Research 54 (2020) 1, pp. 1-15
This study analyzes the effect of Foreign Direct Investment (FDI) inflows on the employment and wages of low- and high-skilled employees in the manufacture and service sectors in Mexico. The study implements a quarterly panel dataset covering the 32 Mexican states from 2005 to 2018. The...
Persistent link: https://www.econbiz.de/10012518449
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The impact of international swap lines on stock returns of banks in emerging markets
Andrieș, Alin Marius; Fischer, Andreas M.; Yeșin, Pınar - 2015
This paper investigates the impact of international swap lines on stock returns using data from banks in emerging markets. The analysis shows that swap lines by the Swiss National Bank (SNB) had a positive impact on bank stocks in Central and Eastern Europe. It then highlights the importance of...
Persistent link: https://www.econbiz.de/10011629985
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Financial globalization and economic policies
Kose, M. Ayhan; Prasad, Eswar; Rogoff, Kenneth; Wei, … - 2009
We review the large literature on various economic policies that could help developing economies effectively manage the process of financial globalization. Our central findings indicate that policies promoting financial sector development, institutional quality and trade openness appear to help...
Persistent link: https://www.econbiz.de/10010269041
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Real exchange rate and international reserves in the era of growing financial and trade integration
Aizenman, Joshua; Riera-Crichton, Daniel - 2006
This paper evaluates the impact of international reserves, terms of trade shocks and capital flows on the real exchange rate (REER). We observe that international reserves cushions the impact of TOT shocks on the REER, and that this effect is important for developing but not for industrial...
Persistent link: https://www.econbiz.de/10010322720
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Real exchange rate and international reserves in an era of growing financial and trade integration
Aizenman, Joshua; Riera-Crichton, Daniel - 2006
This paper evaluates the impact of international reserves, terms of trade shocks and capital flows on the real exchange rate (REER). We observe that international reserves cushions the impact of TOT shocks on the REER, and that this effect is important for developing but not for industrial...
Persistent link: https://www.econbiz.de/10010285305
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The determinants of cross-border bank flows to emerging markets: New empirical evidence on the spread of financial crises
Herrmann, Sabine; Mihaljek, Dubravko - 2010
determinants of cross-border bank flows. Greater global risk aversion and expected financial market volatility seem to have been …
Persistent link: https://www.econbiz.de/10010301350
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The determinants of cross-border bank flows to emerging markets - new empirical evidence on the spread of financial crises
Herrmann, Sabine; Mihaljek, Dubravko - 2010
volatility seem to have been the most important channels through which spillover effects occurred during the crisis of 2007 …
Persistent link: https://www.econbiz.de/10010270178
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Do Instabilities in National Macroeconomic Factors Contribute to Channeling Volatility Spillover from the Global to the Islamic Equity Market?
Muharam, Harjum; Najmudin, Najmudin; Mawardi, Wisnu; … - In: Comparative Economic Research. Central and Eastern Europe 24 (2021) 1, pp. 103-121
This study investigates the impact of macroeconomic instabilities on returns volatility spillover that is transmitted … derive values of volatility for all variables; an asymmetry dynamic conditional correlation (ADCC) model to produce a measure … of volatility spillover as the dependent variable; and a panel data regression technique to assess the causality …
Persistent link: https://www.econbiz.de/10013204661