Showing 1 - 10 of 7,662
In this paper we analyze the fundamental drivers of China's residential investment as a share of its GDP. Our analysis … residential investment to GDP ratio in China. We project that residential investment would moderate from the current level of 9 …
Persistent link: https://www.econbiz.de/10012895123
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
This study develops an empirical framework for assessment of effects of inflows of foreign capital on monetary equilibriums in countries that operate hybrid exchange rate regimes. Empirical findings obtained using the framework demonstrate "distortions" to inflows of Foreign Direct Investment...
Persistent link: https://www.econbiz.de/10012937782
Since the crises of the late 1990's, most emerging market economies have built up substantial positive holdings of US dollar treasury bills, while at the same time experiencing a boom in FDI capital inflows. This paper develops a DSGE model of the interaction between an emerging market economy...
Persistent link: https://www.econbiz.de/10012718725
By employing a novel dataset on international capital flows, this paper examines the impact of Fed's quantitative easing (QE) policies on flows to emerging markets economies (EMEs) and the EU countries. Episodes of QE are examined separately, with the last episode divided between pre- and...
Persistent link: https://www.econbiz.de/10011582306
This paper investigates the effects of the Bank of Japan ETFs’ purchase program on private investments. In 2011, the Bank of Japan started a massive purchase program of ETFs that continuously grew in the following years, resulting in a sharp increase in ETFs’ domestic market. Analysing this...
Persistent link: https://www.econbiz.de/10013403200
efficiency of the bank industry in China. This study employs unit root tests, cointegration tests and cointegrating regression … data was collected and retrieved from the People's Bank of China, China Monthly Statistics from the National Bureau of … Statistics of China, and International Financial Statistics database from International Monetary Fund. The results of the …
Persistent link: https://www.econbiz.de/10012911149
This study examines the dynamic interactions among foreign direct investment (FDI), economic growth (GDPG), and real exchange rate (RER) in Ghana using time series data over the period 1996 to 2018, and two econometric models: a trivariate VAR and the ARDL bound test. The results reveal that no...
Persistent link: https://www.econbiz.de/10014500390
Dollarisation has been extensively debated and is often promoted as a viable monetary and exchange rate policy alternative for emerging economies. While most arguments for and against dollarisation are grounded in theory, there is a recognized scarcity of empirical evidence on the topic. This...
Persistent link: https://www.econbiz.de/10014422437
The article analyzes Mexico under globalization, particularly on the free mobility of capital. It argues that globalization has detrimentally impacted the productive and external sectors, causing the economy to become excessively reliant on volatile capital inflows from abroad. The Mexican...
Persistent link: https://www.econbiz.de/10014551305