Showing 1 - 10 of 3,717
Developing countries are constrained in financing current account deficits as real capital mobility is still far from perfect. At the same time, capital flows to these countries proved to be extremely volatile. The paper argues that the long-term problem of "too little" should not be confused...
Persistent link: https://www.econbiz.de/10011495541
Persistent link: https://www.econbiz.de/10011412183
Persistent link: https://www.econbiz.de/10012314690
Persistent link: https://www.econbiz.de/10014445053
Foreign investment is often constrained by two forms of political risk: expropriation and corruption. We examine the role of government corruption in foreign direct investment (FDI) when contracts are not fully transparent and investors face the threat of expropriation. Using a novel dataset on...
Persistent link: https://www.econbiz.de/10011446183
This paper examines two major risks to foreign investors: default on sovereign debt and expropriation of foreign direct …
Persistent link: https://www.econbiz.de/10013160487
In this paper we develop a two country general equilibrium extension of the Stockman (1980)-Lucas (1982) equilibrium exchange rate model. This optimising framework gives us the opportunity to analyse the effect of foreign direct investment on trade and welfare of both the investor and the...
Persistent link: https://www.econbiz.de/10012732663
effectiveness is bought at the price of growing into unsustainable debt positions. The first option is stable but counterproductive …
Persistent link: https://www.econbiz.de/10013048953
sovereign debt. We establish the size, destination, and characteristics of China's overseas lending. We identify three key … data on Chinese overseas debt stocks and flows. Third, the type of flows is tailored by recipient. Advanced and higher … middle-income countries tend to receive portfolio debt flows, via sovereign bond purchases of the People's Bank of China …
Persistent link: https://www.econbiz.de/10012025564
World Bank. These "hidden debts" distort policy surveillance, risk pricing, and debt sustainability analyses. Since China …
Persistent link: https://www.econbiz.de/10012159810