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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

Taxa de câmbio, poupança e produtividade: impactos de curto e longo prazo

Gala, Paulo; Libânio, Gilberto - In: Revista Economia e Sociedade 42 (2011) 8, pp. 14-14

Exchange rates, savings and productivity: short and long-term impacts - The objective of this paper is to analyze, from a theoretical point of view, the relation between real exchange rates and economic development. The main hypothesis is very much in line with the Dutch disease literature and...

Persistent link: https://www.econbiz.de/10009393272

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

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

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

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

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

Cabo Verde transition finance country pilot

Morris, Rachel; Cattaneo, Olivier; Poensgen, Konstantin - 2018

A transition finance country pilot was initiated by the OECD Development Assistance Committee (DAC) in partnership with the government of Cabo Verde. The study aims to capture the challenges facing Cabo Verde following graduation from Least Developed Country (LDC) to Lower Middle Income Category...

Persistent link: https://www.econbiz.de/10011992030

An empirical study of the substitution of foreign for domestic savings in Brazil

Bresser-Pereira, Luiz Carlos; Araújo, Eliane; Gala, Paulo - In: Economia : revista da ANPEC 15 (2014) 1, pp. 54-67

This study aims to investigate the relations between the level of the real exchange rate, foreign savings and domestic savings in Brazil. The appreciation of the domestic currency caused by financing the current account deficit reduces the expected profit rate in the tradable goods industry,...

Persistent link: https://www.econbiz.de/10011865140