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The impact of foreign capital shifts on economic activities and asset prices : a threshold VAR approach

Baba, Boubekeur; Sevil, Güven - In: Asian journal of economics and banking : AJEB 4 (2020) 3, pp. 87-104

Purpose - The purpose of this paper is to investigate the impact of foreign capital shifts on economic activities and asset prices in South Korea. Design/methodology/approach - The authors in this paper apply the Bayesian threshold vector autoregressive (TVAR) model to estimate the regimes of...

Persistent link: https://www.econbiz.de/10012515007

The impact of capital inflows on emerging East Asian economies : is too much money chasing too little good?

Kim, So-yŏng; Yang, Tu-yong - 2008

In recent years, emerging East Asian economies have experienced large capital inflows-especially a surge in portfolio inflows-and an appreciation of asset prices such as equities, land, and both nominal and real exchange rates. The paper reviews why a surge in capital inflows can increase asset...

Persistent link: https://www.econbiz.de/10010529707

Which sectors go on when there is a sudden stop? : an empirical analysis

Kónya, István; Váry, Miklós - 2023

This paper analyzes the dynamics of sectoral Real Gross Value Added (RGVA) around sudden stops in foreign capital inflows. We identify sudden stop episodes statistically from changes in gross capital inflows from the financial account, and use an event study methodology to compare RGVA before...

Persistent link: https://www.econbiz.de/10014454708

Volatility transmission and volatility impulse response functions in the main and the satellite Renminbi exchange rate markets

Funke, Michael; Loermann, Julius; Tsang, Andrew - 2020

We analyse volatility spillovers between the on- and offshore (CNY and CNH) Renminbi exchange rates towards the US dollar (USD). The volatility impulse response (VIRF) methodology introduced by Hafner and Herwatz (2006) is applied to several shocks between January 2012 and December 2019....

Persistent link: https://www.econbiz.de/10012294928

The effectiveness of capital controls : the case of Slovenia

Buch, Claudia M.; Hanschel, Elke - 1999

Similar to Chile in the 1990s, Slovenia has introduced an unremunerated reserve requirement (URR) on financial credits in 1995. We find that the URR has not been effective in reducing overall inflows of foreign capital. Hence, the gain in monetary autonomy has been limited. While the overall...

Persistent link: https://www.econbiz.de/10011475657

Is the Rupee over-valued?

Bhagwati, Jaimini; Barua, Abheek; Khan, M. Shuheb - 2015

The paper's objective is to examine whether the Indian Rupee was fairly valued as of end March 2015. First, the movements of the trade weighted real effective exchange rate (REER) of the Rupee are tracked over the last ten years. Next, the underpinnings of the Harrod-Balassa-Samuelson effect,...

Persistent link: https://www.econbiz.de/10011284447

Foreign Capital Inflows, Exchange Rates, and Government Stability

McCloud, Nadine; Delgado, Michael; Jin, Man - 2021

In theory, changes in a host country exchange rate can be a cause or consequence of changes in its level of foreign direct investment (FDI), and recent incidences suggest that government stability may have sizable implications for the interactions between FDI and the exchange rate. This paper...

Persistent link: https://www.econbiz.de/10013234421

Foreign Capital in Latin America : A Long-Run Structural Global VAR Perspective

Boschi, Melisso - 2007

I study the determinants of capital flows to Argentina, Brazil, and Mexico, assessing the relative importance of domestic and global factors. I estimate six VECM models, one for each Latin American country plus the Euro Area, Japan, and USA, and then embed them in a multi-country Global VAR. The...

Persistent link: https://www.econbiz.de/10012728441

Impact of interest rate differential, exchange rate changes and political stability on foreign capital inflow in Nigeria : discrete threshold regression model

Odionye, Joseph Chukwudi; Ojiaku, Ethelbert Ukachukwu; … - In: Cogent economics & finance 11 (2023) 1, pp. 1-14

Lack of investable capital has slowed down the development process in many developing nations, including Nigeria, and … of foreign capital into Nigeria between 1981 and 2021. To investigate the impact of the factors on foreign capital inflow …

Persistent link: https://www.econbiz.de/10014500786

Capital inflow and industrial performance in Nigeria : including the excluded

Adekunle, Ibrahim Ayoade; Ogunade, Ayomide Olayinka; … - 2020

credence has been leaned to the capital inflow-industrial output growth relationship in Nigeria. This anomaly has resulted in … performance in Nigeria. The paper employed the two-step Engle and Granger estimation procedure and the Granger Causality to … estimate parameters of the indices of industrial output growth and capital inflows to Nigeria. Findings revealed that labour …

Persistent link: https://www.econbiz.de/10012205410