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This paper analyses the impact of sovereign wealth funds (SWFs) on global financial markets. It presents back-of-the-envelope calculations which simulate the potential impact of a transfer of traditional foreign exchange reserves to SWFs on global capital flows. If SWFs behave as CAPM-type...
Persistent link: https://www.econbiz.de/10011606243
In the wake of high and rising oil prices since 2003, the member states of the Gulf Cooperation Council (GCC) have seen dynamic economic development, enhancing their role in the global economy as investors and trade partners. Real GDP growth has been buoyant, with non-oil activity expanding...
Persistent link: https://www.econbiz.de/10011606244
Persistent link: https://www.econbiz.de/10010378205
The COVID-19 pandemic has hit sub-Saharan African economies hard, exacerbating debt and debt servicing cost issues that a range of countries in the region - including Ghana and Nigeria - already faced. This report examines the fiscal context in sub-Saharan Africa and the issues and options for...
Persistent link: https://www.econbiz.de/10013367671
focusing on episodes of changes in fiscal policies provide in turn evidence that under certain circumstances austerity measures …
Persistent link: https://www.econbiz.de/10011606190
This dissertation deals with the complex and multifaceted issue of climate change and climate policy. Since the problem touches upon many disciplines and also subfields within economics, the present study tries to bridge the gaps between different areas and dimensions of economic analysis....
Persistent link: https://www.econbiz.de/10012019193
contributions over time under demographic and economic risks. Smoothing is affected by the revisions in long-term forecasts and is … thus imperfect. As a partially funded defined-benefit system, demographic risks and asset yield risks directly affect the … contributions. In a general equilibrium setup, these risks also affect wages and thus pension benefits and replacement rates. We …
Persistent link: https://www.econbiz.de/10012037710
China's real estate and construction sector has served as a major engine of economic growth in recent decades and the sector now plays an oversized role in the economy. Much of that growth has been debt-fuelled, with the indebtedness of developers climbing to unprecedented levels. After...
Persistent link: https://www.econbiz.de/10013168658
This dissertation was written by Johannes Pfeiffer while he was working with the ifo Institute for Economic Research. It was completed in November 2016 and accepted as a doctoral thesis by the department of economics of the University Regensburg in December 2016. The thesis studies unintended...
Persistent link: https://www.econbiz.de/10011777555
While there is an increasing demand for a discipline in the next generation FTAs that restricts SOEs in international trade, there is less debate on the proliferation of sovereign patent funds (SPFs) that are increasingly using intellectual property to engage in discriminatory industrial policy...
Persistent link: https://www.econbiz.de/10011790277