Showing 1 - 10 of 614
-carbon energy), international trade and capital mobility. This framework was designed to make extensive, multidimensional … differentiation of manufactured goods and the international capital mobility appear as relatively less influential. The shape of the …
Persistent link: https://www.econbiz.de/10014156372
The policy responses to capital flows in emerging markets are multiple. However, capital inflow controls, if applied … sufficiently broadly, can buttress all other policies by limiting the volume of capital inflows and address balance sheet … vulnerabilities. The study analyzes the effects of capital controls (CC) domestically and internationally. Applied to 24 emerging …
Persistent link: https://www.econbiz.de/10013179583
Capital controls are seen as a means to promote financial stability or improve macroeconomic adjustment in economies … capital controls actions in 27 emerging economies from 2010 to 2018, the study analyzes the effectiveness of capital controls … (CCs) along different angles. Since the 2008 financial crisis, strengthening capital controls has allowed more monetary …
Persistent link: https://www.econbiz.de/10012419526
“excessive” and hence constitute a valid concern. The second objective is to assess the degree of capital mobility by comparing … of capital mobility was quite high, even during the post-1997 period. The variance ratio of the actual current account to … suggest inappropriate use of capital flows over the entire sample period under investigation. Originality/value – The authors …
Persistent link: https://www.econbiz.de/10010616618
Most research on illicit financial flows (IFFs) has focused on illicit outflows from developing countries and the role of non-state actors in generating IFFs. Less attention has been paid to processes and interfaces through which IFFs enter formal value chains-in effect being 'legalized' before...
Persistent link: https://www.econbiz.de/10013479554
risk. Furthermore, we find that the pattern of capital flows within the euro zone reflect differences in output per capita …
Persistent link: https://www.econbiz.de/10010475336
We study the role of the exchange rate regime, reserve accumulation, and sterilization policies in the macroeconomics of aid surges. Absent sterilization, a peg allows for almost full aid absorption — an increase in the current account deficit net of aid — delivering the same effects as...
Persistent link: https://www.econbiz.de/10013058433
We show that foreign real estate capital inflows have positive real effects and adverse distributional consequences … historically populated by ethnic Chinese. Exploiting their temporal and spatial variation, we find that these capital inflows raise …
Persistent link: https://www.econbiz.de/10013244290
out in the form of bequest and investment in human capital. We examine in competitive equilibrium the optimal provision of … education with and without capital markets integration. First, we explore how regimes of education provision - public, private …-run effects of capital markets integration, in equilibrium, on the optimal provision of education and growth. Third, we examine a …
Persistent link: https://www.econbiz.de/10009781565
There is no agreement regarding the growth-enhancing effects of financial liberalization, mainly because it is associated with risky international bank flows, lending booms, and crises. In this paper we make the case for liberalization despite the occurrence of crises. We show that in developing...
Persistent link: https://www.econbiz.de/10013319362