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Foreign Bank Entry into Emerging Economies: An Empirical Assessment of the Determinants and Risks Predicated on German FDI Data

Wezel, Torsten - 2004

The paper investigates the factors crucial in the locational decisions of multinational German banks in selected emerging markets of central and eastern Europe, Latin America and Asia between 1994 and 2001. Emphasis is placed on testing variables of macroeconomic and financial sector risk along...

Persistent link: https://www.econbiz.de/10010295628

Does co-financing by multilateral development banks increase "risky" direct investment in emerging markets?

Wezel, Torsten - 2004

The paper discusses the question of whether financial participation of multilateral development banks does prompt private investors to inject more risky equity capital in emerging market banks. Using a theoretical model, it is stipulated that the presence of an official lender in a project gives...

Persistent link: https://www.econbiz.de/10010295629

Determinants of German Foreign Direct Investment in Latin American and Asian Emerging Markets in the 1990s

Wezel, Torsten - 2003

emerging Asia tended to exploit low factor costs. Methodically, this paper uses the SUR estimation technique which allows for …

Persistent link: https://www.econbiz.de/10010295759

Globalization and innovation in emerging markets

Gorodnichenko, Yuriy; Svejnar, Jan; Terrell, Katherine - 2008

into account firm heterogeneity. We find support for the prediction that competition has a negative effect on innovation … are important channels for domestic firm innovation. We do not find support for the inverted U effect of competition on … innovation. There is partial support for the hypothesis that firms in a more pro-business environment invest more in innovation …

Persistent link: https://www.econbiz.de/10010268909

Climate change mitigation strategies in fast-growing countries : the benefits of early action

Bosetti, Valentina; Carraro, Carlo; Tavoni, Massimo - 2009

investment behaviour is to anticipate the implementation of a climate policy by roughly 10 years. Investing in innovation ahead …. This is especially relevant for China, whose recent and foreseeable trends of investments in innovation are consistent with …

Persistent link: https://www.econbiz.de/10010266005

Exchange rate volatility and growth in emerging Europe and East Asia

Schnabl, Gunther - 2007

The paper investigates the impact of exchange rate volatility on growth in Emerging Europe and East Asia. Exchange stability has been argued to affect growth negatively as it deprives countries from the ability to react in a flexible way to asymmetric real shocks and may enhance the probability...

Persistent link: https://www.econbiz.de/10010264150

Liberalization and stock market co-movement between emerging economies

Beine, Michel; Candelon, Bertrand - 2007

reforms which aim at opening these countries to trade and financial channels to the rest of the world. The estimation of time …

Persistent link: https://www.econbiz.de/10010264238

Sovereign credit ratings, emerging market risk and financial market volatility

Reisen, Helmut; von Maltzan, Julia - In: Intereconomics 33 (1998) 2, pp. 73-82

Persistent link: https://www.econbiz.de/10010270901

Are changes in spreads of external-market debt also induced by contagion?

Wong, José Carlos - In: Intereconomics 35 (2000) 2, pp. 72-80

Persistent link: https://www.econbiz.de/10010271018

The dynamics of international capital flows: Results from a dynamic hierarchical factor model

Förster, Marcel; Jorra, Markus; Tillmann, Peter - 2012

The present paper examines the degree of comovement of gross capital inflows, which is a highly sensitive issue for policy makers. We estimate a dynamic hierarchical factor model that is able to decompose inflows in a sample of 47 economies into (i) a global factor common to all types of flows...

Persistent link: https://www.econbiz.de/10010294392