Similar Search Results

Exchange Rate Strategies in the Competition for Attracting FDI

Bénassy-Quéré, Agnès; Fontagné, Lionel Gérard; … - 2000

The choice of an exchange-rate regime is considered by integrating the determinants of multinational firms locations. We consider the case of a risk-adverse multinational firm which contemplates relocating two alternative foreign locations in order to re-export. We explicit the trade-off between...

Persistent link: https://www.econbiz.de/10014164146

Free to Flow? New Results on Capital Mobility Amongst the Developed Countries

Madarassy Akin, Rita; Chinn, Menzie David - 2003

This paper evaluates the evidence for uncovered and real interest parity at the long horizons for the non-G7 economies. We examine the behavior of exchange rates and interest differentials for bonds with 5-year maturity. Although there are substantial differences in the results among countries,...

Persistent link: https://www.econbiz.de/10014103948

Current Accounts, Net Foreign Assets and the Implications of Cyclical Factors

Bussière, Matthieu; Chortareas, Georgios E.; Driver, … - 2005

foreign asset position, so that agents invest abroad any savings generated by a positive income shock. On the other hand, a …' portfolios. If investment risk is high and diminishing returns are weak, then savings from temporary income shocks may, in fact … temporary shock. We estimate a model that explicitly allows for the possibility that the impact of initial portfolio allocation …

Persistent link: https://www.econbiz.de/10014087338

Adjustment patterns to commodity terms of trade shocks: The role of exchange rate and international reserves policies

Aizenman, Joshua; Edwards, Sebastian; Riera-Crichton, Daniel - 2011

We analyze the way in which Latin American countries have adjusted to commodity terms of trade (CTOT) shocks in the 1970-2007 period. Specifically, we investigate the degree to which the active management of international reserves and exchange rates impacted the transmission of international...

Persistent link: https://www.econbiz.de/10010288117

Savings and investment in developing countries : Granger causality test

Afzal, Mohammad - In: Philippine Review of Economics 44 (2007) 2, pp. 99-110

Additional evidence on savings and investment relationship in developing countries has been provided using conventional … and time-series econometrics techniques. This paper finds no long-run relationship between savings and investment in seven … countries of the sample, which implies increased degree of capital mobility and weakening of savings and investment relationship …

Persistent link: https://www.econbiz.de/10008677442

Current Account Deficits and Capital Flows in East Asia and Latin America : Are the Nineties Different from the Early Eighties?

Milesi-Ferreti, G-M; Razin, A - Foerder Institute for Economic Research, Eitan Berglas … - 1997

A number of East Asian and Latin American countries have beeen the recipients of a large portion of total international capital flows to developing countries, both in the late seventies/early eighties and in the early nineties. These inflows have financed persistent current account imbalances,...

Persistent link: https://www.econbiz.de/10005675429

Capital flows, exchange rate flexibility, and the real exchange rate

Combes, Jean-Louis; Kinda, Tidiane; Plane, Patrick - In: Journal of Macroeconomics 34 (2012) 4, pp. 1034-1043

This paper first analyzes the impact of capital inflows on the real effective exchange rate for a sample of 42 emerging and developing countries over the period 1980–2006. The results from the pooled mean group estimator show that both public and private inflows are associated with an...

Persistent link: https://www.econbiz.de/10010595225

Private Investment and Macroeconomic Environment in the South Pacific Island Countries : A Cross-Country Analysis.

Jayaraman, T-K - Asian Development Bank - 1996

The paper undertakes an empirical investigation of key macroeconomic factors affecting private investment in the South Pacific developing member countries. The study finds that instability in the real exchange rate had a sizeable adverse effect on private investment.

Persistent link: https://www.econbiz.de/10005474959

Nominal GDP targeting for developing countries

Bhandari, Pranjul; Frankel, Jeffrey A. - In: Research in economics : an international review of economics 71 (2017) 3, pp. 491-506

Persistent link: https://www.econbiz.de/10011878916

Sources for Financing Domestic Capital - is Foreign Saving a Viable Option for Developing Countries?

Aizenman, Joshua; Pinto, Brian; Radziwill, Artur - 2004

" associated with increasing the financing share of foreign savings. In fact, the evidence suggests the opposite: throughout the …

Persistent link: https://www.econbiz.de/10014070908