Similar Search Results

Financial Crises and the Composition of International Capital Flows : Does FDI Guarantee Stability?

Bird, Graham - 2009

The conventional wisdom is that crises are largely due to swings in short-term capital (mainly bank loans in the case of East Asia). Hence economies that finance their current account deficits mainly via foreign direct investment (FDI) are seen as being less susceptible to a crisis. The spate of...

Persistent link: https://www.econbiz.de/10012722195

Current account benchmarks for central and eastern Europe: a desperate search?

Ca' Zorzi, Michele; Chudik, Alexander; Dieppe, Alistair - 2009

This paper examines two competing approaches for calculating current account benchmarks, i.e. the external sustainability approach á la Lane and Milesi-Ferretti (LM) versus the structural current accounts literature (SCA) based on panel econometric techniques. The aim is to gauge the medium...

Persistent link: https://www.econbiz.de/10011605041

Capital inflow surges and consequences

Ghosh, Atish R.; Qureshi, Mahvash Saeed - 2016

While capital flows to emerging markets bring numerous benefits, they are also known to create macroeconomic imbalances (economic overheating, currency overvaluation) and increase financial vulnerabilities (domestic credit growth, bank leverage, foreign currency-denominated lending). But are all...

Persistent link: https://www.econbiz.de/10011522086

Current account benchmarks for central and eastern Europe : a desperate search?

Chudik, Alexander; Dieppe, Alistair - 2009

Persistent link: https://www.econbiz.de/10003826590

When are Capital Controls Effective? Evidence from Malaysia and Thailand

Jongwanich, Juthathip - 2011

This study examines the impact of capital controls using monthly information to construct higher-frequency, quarterly indexes for Malaysia during the period 2000–2008 and Thailand over the period 2000–2010 in a vector auto-regression model. The results show that restrictions in Thailand have...

Persistent link: https://www.econbiz.de/10013124111

Settlements, Bank for International - 2013

This BIS Paper (No. 68) is a collection of essays focusing on the drivers and effects of capital flows and the challenges they pose for the implementation of monetary and other policies. The collection draws on selected presentations made at the BIS-sponsored sessions at the Latin American and...

Persistent link: https://www.econbiz.de/10013088048

Cross-Border Equity Investment and the Business Cycle

Amdur, David - 2009

I present new evidence that gross foreign assets and liabilities in equity investments, measured at market value, are positively correlated over the business cycle in each of the Group of Seven industrialized countries (G7). The close comovement of assets and liabilities, in turn, reflects...

Persistent link: https://www.econbiz.de/10013154331

Trade, FDI, and Global Imbalances

Li, Wei - 2020

We propose a multi-country dynamic general equilibrium model to quantify the implications of trade and FDI … liberalizations for the surge of global trade and current account (CA) imbalances. We calibrate our model to replicate the evolution … of bilateral trade and FDI flows across 5 major economies as well as their CA balances over 1996-2014. Our counterfactual …

Persistent link: https://www.econbiz.de/10012840844

The Reinvestment of Multinationals as a Capital Flow : Crises, Imbalances and the Cash-Based Current Account

Hansen, Erwin - 2018

On average, foreign corporations save a third of their local profits in the host country. While this is recorded as "Retained Earnings Foreign Direct Investment" (REFDI), macroeconomics has so far overlooked its particularities. This paper explores the aggregate economic properties of REFDI. It...

Persistent link: https://www.econbiz.de/10012937133

Appendices : Technology Capital and the U.S. Current Account

McGrattan, Ellen R. - 2008

impact on the predicted behavior of labor productivity and net exports …

Persistent link: https://www.econbiz.de/10012770993

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