This paper analyzes the determinants of the volatility of the various types of capital inflows into emerging countries. After calculating a proxy of the volatility of FDI, portfolio and bank inflows, we use a panel data model to study their relationship with a broad set of explanatory variables....

Despite the frequency of official debt restructurings, little systematic evidence has been produced on their characteristics and implications. Using a dataset covering more than 400 Paris Club agreements, this paper fills that gap. It provides a comprehensive description of the evolving...

The introduction of a new product to existing product lines typically gives rise to two opposing effects to the firm – market expansion (e.g. obtain more market shares from competitors or create new demand) and cannibalization (e.g. competition with other products offered by the same firm)....

Autoignition and stabilization of n-Dodecane spray combustion under diesel engine like conditions are investigated using large eddy simulation and detailed chemical kinetics. The Spray A cases of Engine Combustion Network (ECN) with ambient temperatures of 900K and 1000K are considered....

Metro systems are one of the most important transportation systems in people’s lives. Due to the huge amount of energy it consumes every day, highly-efficient operation of a metro system will lead to significant energy savings. In this paper, a new integrated Energy-efficient Operation...

Based on a dataset of 112 emerging economies and developing countries, this paper addresses two key questions regarding the accumulation of international reserves: first, has the accumulation of reserves effectively protected countries during the 2008-09 financial crisis? And second, what...

Artículo de revista

Artículo de revista

Using empirical analysis, complemented with case studies, this paper studies under which circumstances IMF programs manage to catalyze private capital flows into the countries concerned. While we found no catalysis in general, the situation differs very much depending on the type of capital flow...