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Financial Openness and Capital Inflows to Emerging Markets : In Search of Robust Evidence

Cerdeiro, Diego - 2019

We reassess the connection between capital account openness and capital flows in an empirical framework that is grounded in theory and makes use of previously unexplored variation in the data. We demonstrate how our theory-consistent regressions may overcome some ubiquitous measurement problems...

Persistent link: https://www.econbiz.de/10012858394

The External Balance Assessment (EBA) Methodology

Phillips, Steven - 2014

The External Balance Assessment (EBA) methodology has been developed by the IMF's Research Department as a successor to the CGER methodology for assessing current accounts and exchange rates in a multilaterally consistent manner. Compared to other approaches, EBA emphasizes distinguishing...

Persistent link: https://www.econbiz.de/10013059857

Efectos De La Depreciación De La Divisa Mexicana De Corto Y Largo Plazo Ante La Balanza Por Cuenta Corriente (Long and Short Term Effects of Depreciation of the Mexican Currency on...

Aceves Mejía, Mario - 2017

Spanish Abstract: Desde finales del 2014 hasta enero del 2016 el peso mexicano se ha depreciado un 30 por ciento con respecto a la divisa estadounidense, por lo que se esperaría que en el largo plazo las exportaciones mexicanas sean más atractivas para el mercado de Estados Unidos. No...

Persistent link: https://www.econbiz.de/10012947403

International Fiscal-Financial Spillovers : The Effect of Fiscal Shocks on Cross-Border Bank Lending

Choi, Sangyup - 2019

This paper sheds new light on the degree of international fiscal-financial spillovers by investigating the effect of domestic fiscal policies on cross-border bank lending. By estimating the dynamic response of U.S. cross-border bank lending towards the 45 recipient countries to exogenous...

Persistent link: https://www.econbiz.de/10012864117

Evolution of Asia's Outward-Looking Economic Policies : Some Lessons from Trade Policy Reviews

Daly, Michael - 2011

liberalization of both trade and foreign direct investment (FDI) has been an integral part, is of paramount importance. By fostering … impacts (intended or unintended) on the economy, the TPRM can be a catalyst for unilateral reform, including liberalization of … trade and FDI. Although the latter has received added impetus from multilateral liberalization under the auspices of the …

Persistent link: https://www.econbiz.de/10014177385

2022 Update of the External Balance Assessment Methodology

Allen, Cian; Casas, Camila; Ganelli, Giovanni; Juvenal, … - 2023

The assessment of external positions and exchange rates of member countries is a key mandate of the IMF. The External Balance Assessment (EBA) methodology has provided the framework for conducting external sector assessments by Fund staff since its introduction in 2012. This paper provides the...

Persistent link: https://www.econbiz.de/10014256592

Capital Controls and Monetary Policy in Developing Countries

Montecino, Juan Antonio; Cordero, Jose Antonio - Center for Economic and Policy Research (CEPR) - 2010

This paper looks at both the theoretical and empirical literature on capital controls and finds that capital controls can play an important role in developing countries by helping to insulate them from some of the harmful effects of volatile and short-term capital flows. The authors look at...

Persistent link: https://www.econbiz.de/10008565797

Volatility in International Capital Movements

Becker, Chris; Noone, Clare - Reserve Bank of Australia - 2009

Conventional wisdom is that some capital flows are inherently more volatile than others. However, our investigation of the statistical properties of these flows shows that no regular relationships exist to suggest that the particular composition of capital flows can help to explain the overall...

Persistent link: https://www.econbiz.de/10008585849

Foreign Direct Investments'Effects on the Balance of Current Account: Cointegration Analysis with Multiple Structural Breaks in Turkey, China and India Sample

GOCER, Ismet; PEKER, Osman - In: Journal of BRSA Banking and Financial Markets 8 (2014) 1, pp. 87-116

In this study the effects of Foreign Direct Investment (FDI) on current account deficit were analyzed with multiple structural breaks unit root test of Carrion-i-Silvestre et al. (2009), multiple structural breaks cointegration test of Maki (2012) and dynamic ordinary smallest square method for...

Persistent link: https://www.econbiz.de/10011074881

The instability of the emerging market assets demand schedule

FitzGerald, Valpy - 2002

This paper addresses the nature of the demand schedule for emerging market assets in both its macroeconomic and microeconomic dimensions. The former is usually analysed in terms of the ‘push factors’ (such as interest rates or contagion) determining international capital flows; while the...

Persistent link: https://www.econbiz.de/10010279190