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Developing Asia's Sovereign Wealth Funds and Outward Foreign Direct Investment
Park, Donghyun; Estrada, Gemma - 2009
Sovereign wealth funds (SWFs) have emerged in developing Asia as a policy response to an unprecedented accumulation of … sensitivity of state-led FDI severely constrains the ability of developing Asia's SWFs to undertake FDI on a significant scale …. Therefore, the potential for developing Asia's SWFs to become major sources of outward FDI is more apparent than real. This …
Persistent link: https://www.econbiz.de/10010507256
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Saving, Investment, and Current Account Surplus in Developing Asia
Park, Donghyun; Shin, Kwanho - 2009
Asia has run since the 1997–1998 Asian crisis. A country's current account surplus is, by definition, equal to its net …
Persistent link: https://www.econbiz.de/10010507271
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India-Japan Investment Relations: Trends & Prospectus
Nataraj, Geethanjali - 2010
Though Japan had been one of the top five investors in India for long, its share in India's total FDI inflows has been … dwindling since 2000. Other countries have surpassed Japan in terms of their investment and market share in the Indian economy …
Persistent link: https://www.econbiz.de/10011807651
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Philippines-Japan Free Trade Agreement: Analyzing Its Potential Impact Using a Computable General Equilibrium Model
Yasutake, Taeko - 2004
This study analyzes the potential impact of the Philippines-Japan Free Trade Agreement (FTA) on the Philippine economy … in case of the Philippines' discriminately unilateral tariff reduction on import from Japan using a computable general … tariff rates on imports from Japan would expand the Philippines' import from Japan and in total by 2.36-8.58 and 0 …
Persistent link: https://www.econbiz.de/10011429783
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Different Types of Firms, Products, and Directions of Trade: The Case of the People’s Republic of China
Lee, Hyun-Hoon; Park, Donghyun; Wang, Jing - 2012
Using highly disaggregated, Harmonized System (HS) 8-digit, product-category level data collected by the People’s Republic of China’s (PRC) Customs Office for 2000 and 2008, we perform an in-depth anatomy of the PRC's trade in manufactured goods. First, we distinguish between foreign firms...
Persistent link: https://www.econbiz.de/10010507528
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An almost-too-late warning mechanism for currency crises
Crespo Cuaresma, Jesus; Slacik, Tomas - 2007
We propose exploiting the term structure of relative interest rates to obtain estimates of changes in the timing of a currency crisis as perceived by market participants. Our indicator can be used to evaluate the relative probability of a crisis occurring in one week as compared to a crisis...
Persistent link: https://www.econbiz.de/10010293408
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On the determinants of currency crises: The role of model uncertainty
Crespo Cuaresma, Jesus; Slacik, Tomas - 2008
We tackle explicitly the issue of model uncertainty in the framework of binary variable models of currency crises. Using Bayesian model averaging techniques, we assess the robustness of the explanatory variables proposed in the recent literature for both static and dynamic models. Our results...
Persistent link: https://www.econbiz.de/10010293425
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A Currency Crisis in Europe? The Europe's common currency and the new accession countries
Krawczyk, Mariusz K. - 2004
The politically and legally complicated character of the EU Eastern Enlargement heavily influenced the conflict between the legal and economic rationality underlying the construction of the EMR-II. This makes the ERM-II vulnerable to currency crises and creates conditions for a widespread...
Persistent link: https://www.econbiz.de/10010295411
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Default, Electoral Uncertainty and the Choice of Exchange Regime
Hefeker, Carsten - 2004
The paper explores the interaction between debt crises and devaluation. Since the optimal level of devaluation in a crisis depends on the level of debt that has to be serviced, a default makes a devaluation less likely. Expected devaluation depends thus on expectations about default which is...
Persistent link: https://www.econbiz.de/10010295431
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Default, Electoral Uncertainty and the Choice of Exchange Regime
Hefeker, Carsten - 2007
The paper explores the interaction between debt crises and devaluation. Since the optimal level of devaluation in a crisis depends on the level of debt that has to be serviced, a default makes a devaluation less likely. Expected devaluation depends thus on expectations about default which is...
Persistent link: https://www.econbiz.de/10010296027