Showing 1 - 10 of 9,279
This paper examines the impact of capital flows on the domestic financial sector in India. Inflow of foreign capital …, it is found, has a significant impact on domestic money supply and stock market growth, liquidity and volatility. The …
Persistent link: https://www.econbiz.de/10005119480
Persistent link: https://www.econbiz.de/10004998593
This paper proposes an integrated and risk-based approach to the sequencing and coordination of reforms to develop domestic financial markets. The paper argues that there is a hierarchy of financial markets that reflects the complexity of risks in each market and the interlinkages among markets....
Persistent link: https://www.econbiz.de/10005768863
This paper calibrates the production functions of 176 countries to fit 2003 data and examines the capital flows that emerge, when labor forces change according to the 2007 UN population projections. It finds that demographic factors are no help in correcting today's global imbalances; that...
Persistent link: https://www.econbiz.de/10005768978
Recent years have witnessed a change in the composition of capital flows to developing countries, and FDI and equity flows have been playing an increasing role. In this paper we discuss the challenges for international macroeconomics that these developments pose and characterize stylized facts...
Persistent link: https://www.econbiz.de/10005599542
This paper assesses the status of financial development in Emerging Europe, analyzes the factors that have shaped it, and discusses policy priorities. Financial development has progressed to varying degrees across the region. Macroeconomic stability and institutional quality have been important...
Persistent link: https://www.econbiz.de/10005605312
We examine the determinants of capital flows to four developing countries during the 1990s using an explicitly disequilibrium econometric framework in which the supply and demand for capital are not necessarily equal and the actual amount of the flow is determined by the ‘short side’ of the...
Persistent link: https://www.econbiz.de/10005825608
explaining China's and India's growth. Specific financial sector policies are shown to map well the size and changes in the … investment. In the case of India, post-1992 financial sector reforms, particularly the reduction in the funds preempted by the … rebalancing growth in China and sustaining high investment rate in India, further financial sector reforms could turn out to be …
Persistent link: https://www.econbiz.de/10005826386
This paper proposes a price-based measure to mitigate the destabilizing impact of the volatility of global capital …
Persistent link: https://www.econbiz.de/10005263778
The objective of this paper is to discuss the key issues relating to the development of local corporate bond markets. We examine the requirements for local corporate bond market development, and compare and contrast experiences across both mature and emerging markets. We suggest that core...
Persistent link: https://www.econbiz.de/10005264116