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This paper investigates the contribution of foreign investors to capital market development in an emerging economy. The findings reveal that Foreign Portfolio Investment (FPI) as well as foreign issue of securities (FS) made insignificant contribution to development of the market compared to...
Persistent link: https://www.econbiz.de/10009352480
We develop a two-country stochastic growth model with production, relative price and sovereign default risks. Domestic production and relative price volatilities cause more fluctuations in the agents' portfolio decisions than the volatility of Foreign Direct Investment (FDI) production does....
Persistent link: https://www.econbiz.de/10005048825
We develop a two-country stochastic growth model with production, relative price and sovereign default risks. Domestic production and relative price volatilities cause more fluctuations in the agents' portfolio decisions than the volatility of Foreign Direct Investment (FDI) production does....
Persistent link: https://www.econbiz.de/10008563441
-American companies' financial sectors, particularly those in Argentina, is one of the main characteristics of this study. Its main …
Persistent link: https://www.econbiz.de/10010669614
Here is explored corporate governance role in privatised water companies in emerging economies. Private parts contracts are periodically renegotiated due to externalities and information asymmetries. In this context, governance mechanisms are of critical importance as illustrated in the case...
Persistent link: https://www.econbiz.de/10010816779
Anhand theoretischer Überlegungen und empirischer Erfahrungen wird gezeigt, wie die Liberalisierung außenwirtschaftlicher Beziehungen als integraler Bestandteil eines umfassenden Reformprozesses optimal erfolgen müßte. Die vorherrschende Meinung, daß der Kapitalverkehr erst nach dem...
Persistent link: https://www.econbiz.de/10005055637
Persistent link: https://www.econbiz.de/10008677628
Argentinien hat im Januar 2002 seine Zahlungsunfähigkeit erklärt und hofft seitdem auf neue Kredite des IWF. Anders als …Argentina has defaulted on its external debt on January, 2002. The country hopes for "fresh money" from the IMF … conditionality can work as a self-enforcing contract and provide positive externalities to Argentina. …
Persistent link: https://www.econbiz.de/10008462129
In this paper we discuss and investigate mutual relationship between FDI and FPI stocks in 3 countries. The standard theoretical economic paradigm sharply differentiates between the two, treating them rather as substitutes from foreign investor’s perspective. Yet, some recent empirical...
Persistent link: https://www.econbiz.de/10011271576
Pakistan’s authorities have requested a 23-month Stand-By Arrangement for SDR 5.169 billion in support of their macroeconomic stabilization program. The authorities’ program envisages a tightening of fiscal and monetary policies to bring down inflation and reduce the external...
Persistent link: https://www.econbiz.de/10011244891