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Persistent link: https://www.econbiz.de/10003669809
How is a developing country affected by its government's ability to borrow in international markets? We examine the dynamics of a country's growth, consumption, and sovereign debt, assuming that the government's objective is to maximize short-term, typically wasteful, expenditures. Sovereign...
Persistent link: https://www.econbiz.de/10012839380
are more likely to enter foreign markets by means of foreign direct investment. We combine detailed proprietary bank …
Persistent link: https://www.econbiz.de/10010248946
, exchange rate and net investment to non-financial companies from 1970 to 2017. The data was secondary sourced from World …
Persistent link: https://www.econbiz.de/10012890137
We consider public debt from a long-term historical perspective, showing how the purposes for which governments borrow have evolved over time. Periods when debt-to-GDP ratios rose explosively as a result of wars, depressions and financial crises also have a long history. Many of these episodes...
Persistent link: https://www.econbiz.de/10012892908
. International risk is defined as the beta of a country’s consumption growth with world consumption growth. High-beta countries hold …
Persistent link: https://www.econbiz.de/10003715562
of the US stock market vis-a ́-vie the rest of the world (ROW) during global bad times. Finally dollar strength is …
Persistent link: https://www.econbiz.de/10013237177
There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...
Persistent link: https://www.econbiz.de/10003900319
possible shifts in global savings and investment that have led to this fall in the world real interest rate. There are several … key findings. First, the authors identify the relative weakness in investment demand as more important than the relative … factors explaining movements in savings and investment are variables that evolve relatively slowly over time, such as labour …
Persistent link: https://www.econbiz.de/10003463047
reduce their investment. This is the "Loanable Funds" theory. Ben Bernanke's "Global Saving Glut" thesis is based on this …, sondern erlauben erst dem Rest der Welt, überhaupt Ersparnis zu bilden. …
Persistent link: https://www.econbiz.de/10011300962