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Japan’s remarkable postwar growth spurt in the 1960s would not have been possible without Japan’s alliance with the United States. Policy makers, political scientists, economists, historians, and journalists on both sides of the Pacific have made this claim, but no study has yet tested it...
Persistent link: https://www.econbiz.de/10014155251
This paper presents a stock-flow-consistent model in which growth is led by exports and government expenditure. It considers domestic and external debt dynamics and gross capital flows. Countries may choose to not fully use their external space to accumulate international reserves. The model is...
Persistent link: https://www.econbiz.de/10014495213
This paper analyzes China's economic performance in the last 25 years and discusses its prospect for growth in the future. China has enjoyed high annual GDP growth rates of about ten percent in the last 25 years. Exports and investment were the two driving forces of the growth process. FDI plays...
Persistent link: https://www.econbiz.de/10010273126
with the fact that the global economy has become more integrated through trade, financial and confidence linkages. Also …
Persistent link: https://www.econbiz.de/10013029078
corporate and personal insolvency regimes in terms of their goals, optimal design (including trade-offs) and key features …
Persistent link: https://www.econbiz.de/10011577810
This paper contributes to the empirical literature by investigating the impact of private capital inflows on economic growth across former Soviet-bloc countries between 1990 and 2015. Roles of the stock market and of demand-side macroeconomic policy are investigated using panel data analysis....
Persistent link: https://www.econbiz.de/10012259732
's size, trade openness, dominant position as consumer of commodities and growing financial integration mean that its …
Persistent link: https://www.econbiz.de/10011792634
The paper reviews India's macroeconomic performance and policies since 2000. The first section briefly summarizes key macroeconomic developments regarding economic growth, inflation, external balance, the fiscal situation and aggregate savings and investment. The second section considers some of...
Persistent link: https://www.econbiz.de/10011807631
In this overview we try to explain, first, why funds continued to flow towards emerging economies while fundamentals in host countries had been deteriorating before the Asian crisis (rising external deficit, with a significant liquid component appreciating exchange rates; low capital formation,...
Persistent link: https://www.econbiz.de/10010279100
The Cuban government has a dominant role to play in determining the future landscape of the country's financial markets. This is a multifaceted issue. Finance operates in combination with a constellation of other factors, including sound laws, institutions that respect property rights, and...
Persistent link: https://www.econbiz.de/10012996493