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This paper examines questions related to possible capital account liberalisation in the Mediterranean countries. First, we provide an overview of the extent to which these countries have capital controls along with their exchange rate regimes and some basic macroeconomic aggregates. Second, we...
Persistent link: https://www.econbiz.de/10010752022
The first part of this paper examines the theoretical and empirical case for full capital account liberalization in … it. The second part considers the liberalization of only the long-term capital account, particularly FDI--a form of …
Persistent link: https://www.econbiz.de/10005769816
Trade liberalisation in Mexico started in a significant way in 1985/86, and was consolidated by the NAFTA agreement 1994. Mexico was expected to benefit in terms of increased export growth, employment, real wages, and above all, a faster rate of economic growth. In practice, there has been a...
Persistent link: https://www.econbiz.de/10010854329
Trade liberalisation in Mexico started in a significant way in 1985/86, and was consolidated by the NAFTA agreement 1994. Mexico was expected to benefit in terms of increased export growth, employment, real wages, and above all, a faster rate of economic growth. In practice, there has been a...
Persistent link: https://www.econbiz.de/10010752534
) from other flows and emphasizing the role of financial liberalization and. Two reasons brought about this examination. The … developing ones. The second is a greater liberalization process in these economies. This article builds financial liberalization … indicators based on political rules. The capital account liberalization is introduced as an explanatory variable in the model …
Persistent link: https://www.econbiz.de/10005699642
liberalization of both trade and foreign direct investment (FDI) has been an integral part, is of paramount importance. By fostering … impacts (intended or unintended) on the economy, the TPRM can be a catalyst for unilateral reform, including liberalization of … trade and FDI. Although the latter has received added impetus from multilateral liberalization under the auspices of the …
Persistent link: https://www.econbiz.de/10011115112
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
The 1990s witnessed a surge in private capital flows to developing countries--and a surge in financial crises. The most severe and regionally extensive has (to date) been East Asia's. The last six years has produced a wealth of research that now allows us to abstract policy lessons from the East...
Persistent link: https://www.econbiz.de/10005641654
Two issues stand out in this conversation. The first concerns the unfinished business of the global fight against the scourge of poverty, which impacts one region more than most: Africa. At the same time, a key pre-requisite for economic performance - affordable and efficient public...
Persistent link: https://www.econbiz.de/10011115722
This article analyzes the effects of financial liberalization on economic growth, focusing mainly the empirical aspects … has capital account liberalization had on economic growth? Has liberalization affected equally both developed and … previous results found in the literature, showing that liberalization has a positive and uniform effect on growth: evidence …
Persistent link: https://www.econbiz.de/10005170254