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Some New Perspectives on India's Approach to Capital Account Liberalization

Prasad, Eswar - National Bureau of Economic Research (NBER) - 2009

In this paper, I analyze India's approach to capital account liberalization through the lens of the new literature on … financial globalization. India's authorities have taken a cautious and calibrated path to capital account opening, which has … the key challenge now facing India's policymakers on this front. …

Persistent link: https://www.econbiz.de/10005710906

Managing the Process of Removing Capital Controls: What Does the Literature Suggest?

Moore, Winston - Volkswirtschaftliche Fakultät, … - 2010

Economic theory suggests that opening the capital account should allow a country to diversify away economic shocks, increase capital inflows, expand economic growth and efficiency and encourage governments to pursue good policies, the empirical evidence with regard to these theoretical...

Persistent link: https://www.econbiz.de/10008529231

Fractional Reserve Banking as Economic Parasitism: A Scientific, Mathematical & Historical Expose, Critique, and Manifesto

Nuri, Vladimir Z. - EconWPA - 2002

This paper looks at the history of money and its modern form from a scientific and mathematical point of view. The approach here is to emphasize simplicity. A straightforward model and algebraic formula for a large economy analogous to the ideal gas law of thermodynamics is proposed. It may be...

Persistent link: https://www.econbiz.de/10005126382

The Role of USAID in Development in Egypt

Attia, Sayed Moawad - Volkswirtschaftliche Fakultät, … - 2009

This paper discuses the role of USAID in the development process in Egypt. It discusses the USAID role in Egypt in some sectors with more focus on USAID/Egypt economic growth, more specifically the Technical Assistance for policy Reform II (TAPRII). I will discuss the items of the program that...

Persistent link: https://www.econbiz.de/10005033504

ISSUING POLICIES IN CURRENCIES DENOMINATED IN EUROS AND EUROCENTS

Novak, Branko; Matić, Branko; Stjepanović, Slobodanka - Volkswirtschaftliche Fakultät, … - 2003

Globalization and strengthening of integration processes have, among other things, also influenced some solutions relating to monetary sovereignty of particular countries. A great number of transition countries as well as some other underdeveloped countries are facing both inefficiency in their...

Persistent link: https://www.econbiz.de/10005620044

Câmbio real, poupança doméstica e poupança externa: análise teórica e evidências empíricas [Real exchange rate, domestic savings and external savings: theoretical analysis and empi...

Rocha, Marcos; Gala, Paulo - In: Nova Economia 21 (2011) 3, pp. 351-367

This paper provides theoretical and empirical elements to analyze the relation between real exchange rates and domestic savings. We show from a theoretical perspective how a competitive exchange rate may stimulate domestic savings by avoiding consumption booms based on currency overvaluation and...

Persistent link: https://www.econbiz.de/10010655923

Trilemma Stability and International Macroeconomic Archetypes in Developing Economies

Popper, Helen; Mandilaras, Alex; Bird, Graham - School of Economics, University of Surrey - 2011

In this paper, we examine the stability of international macroeconomic policies of developing countries in the post-Bretton Woods period. We use the simple geometry of the classic, open-economy trilemma to construct a new, univariate measure of inter- national macroeconomic policy stability, and...

Persistent link: https://www.econbiz.de/10008926455

Is There a Beijing Consensus on International Macroeconomic Policy

Bird, Graham; Mandilaras, Alex; Popper, Helen - School of Economics, University of Surrey - 2011

Some commentators have claimed that there is a growing Beijing Consensus among emerging and developing economies concerning the merits of ChinaÕs economic policies. Within an analytical framework provided by the well known international trilemma, this paper investigates the empirical evidence...

Persistent link: https://www.econbiz.de/10009147188

Capital Accumulation, External Indebtedness and Macroeconomic Performance of Emerging Countries

Rocha, Marcos; Oreiro, José Luis - Departamento de Economia, Faculdade de Economia, … - 2010

This paper aims at presenting a non-linear post-keynesian growth model to evaluate at theoretical and empirical level the relationship between external indebtedness and economic growth in emerging countries. For this intent, it is presented a post-keynesian endogenous growth model in which: i)...

Persistent link: https://www.econbiz.de/10008783602

The Mauritian success story and its lessons

Subramanian, Arvind - 2009

This paper examines different explanations - initial conditions, openness to trade and FDI, and institutions - of the Mauritian growth experience since the mid-1970s. We show that arguments based on openness to trade and FDI are either misleading or incomplete. Even when correctly articulated,...

Persistent link: https://www.econbiz.de/10010273472