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Can Good Events Lead to Bad Outcomes? Endogenous Banking Crises and Fiscal Policy Responses

Rochon, Céline - 2006

In this paper, we study the impact of labor market restructuring and foreign direct investment on the banking sector, using a dynamic general equilibrium model with a financial sector. Numerical simulations are performed using stylized Chinese data, and banks failures are generated through...

Persistent link: https://www.econbiz.de/10014400185

What Moves Capital to Transition Economies?

Mora, Nada - 2002

Between 1991 and 1999, capital flows to 25 transition economies in Europe and the former Soviet Union differed widely in terms of overall levels and the share and composition of private flows. With some exceptions (notably Russia), the main form of private inflows was foreign direct investment....

Persistent link: https://www.econbiz.de/10014401373

Risk Instability and the Pattern of Foreign Direct Investment in the Middle East and North Africa Region

International Monetary Fund - 2004

This paper demonstrates that instability associated with investment risk is critical in explaining the level of foreign direct investment for the Middle East and North Africa (MENA) countries, which generally have higher investment risk than developed countries. The empirical results support...

Persistent link: https://www.econbiz.de/10014401431

Foreign Direct Investment and Structural Reforms : Evidence From Eastern Europe and Latin America

Kinoshita, Yuko - 2008

determinants of FDI inflows based on newly constructed dataset on structural reforms for 19 Latin American and 25 Eastern European … countries between 1989 and 2004. Our main finding is a strong empirical relationship from reforms to FDI, in particular, from …

Persistent link: https://www.econbiz.de/10014401501

A Real Model of Transitional Growth and Competitiveness in China

Lipschitz, Leslie - 2008

We present a stylized real model of the Chinese economy with the objective of explaining two features: (1) domestic production is highly competitive in the sense that an accumulation of capital that raises the marginal product of labor elicits increases in employment and output rather than only...

Persistent link: https://www.econbiz.de/10014401525

Where Did All the Borrowing Go? : A Forensic Analysis of the U.S. External Position

Milesi-Ferretti, Gian-Maria - 2008

The deterioration in the U.S. net external position in recent years has been much smaller than the extensive net borrowing associated with large current account deficits would have suggested. This paper examines the sources of discrepancies between net borrowing and accumulation of net...

Persistent link: https://www.econbiz.de/10014401528

Intraregional Trade in Emerging Asia

Zebregs, Harm - 2004

The share of emerging Asia in world trade has increased sharply over the past 25 years. A large part of this increase is the result of booming intraregional trade. This paper investigates the key factors behind the rapid increase in intraregional trade among economies in emerging Asia and its...

Persistent link: https://www.econbiz.de/10014402155

Valuation of Unlisted Direct Investment Equity

Elkjaer, Thomas - 2009

This paper analyzes the seven valuation methods for unlisted direct investment equity included in the recently adopted IMF Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6). Based on publicly available Danish data, we test the three methods that are generally...

Persistent link: https://www.econbiz.de/10014402233

Effects of Volatile Asset Priceson Balance of Payments and International Investment Position

Committeri, Marco - 2000

This paper aims at clarifying, with the help of a simple formal model and numerical examples, several aspects of the relationship between international investment position (IIP) and balance of payments (BOP) statistics. Exact and approximated relations are compared to analyze the estimation...

Persistent link: https://www.econbiz.de/10014403799

The Disappearing Tax Base : Is Foreign Direct Investment (FDI) Eroding Corporate Income Taxes?

Gropp, Reint - 2000

This paper analyzes the link between FDI, corporate taxation, and corporate tax revenues. We find strong evidence that … FDI in (out) flows are affected by tax regimes in the host (home) countries and FDI flows in turn affect the corporate tax … base. Simulations of European Union (EU) harmonization (isolating the revenue effect of FDI on the tax base from direct …

Persistent link: https://www.econbiz.de/10014403805