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Financial Liberalization, Financial Development, and Macroeconomic Risks in an Open Economy

Hu, Jingxian - 2020

In an open economy with endogenous risks, financial development and capital account liberalization reduce the volatilities of home equity and bond prices, and appreciate the home currency at the stochastic steady state. Financial development lowers the equilibrium real interest rate when...

Persistent link: https://www.econbiz.de/10012826352

Financial Stability in Open Economies

Fujiwara, Ippei - 2014

Do financial frictions call for policy cooperation? This paper investigates the implications of financial frictions for monetary policy in the open economy. Welfare analysis shows that there are long-run gains which result from cooperation, but, dynamically, financial frictions per se do not...

Persistent link: https://www.econbiz.de/10013062366

Effect of aid-for-trade flows on investment-oriented remittance flows

Gnangnon, Sèna Kimm - In: Journal of risk and financial management : JRFM 16 (2023) 2, pp. 1-36

Despite the voluminous literature on the effect of aid-for-trade (AfT) flows on recipient countries’ trade performance, little is known about the relationship between AfT flows and other capital flows to developing countries. This paper contributes to the literature by exploring the effect of...

Persistent link: https://www.econbiz.de/10014305823

Export-led growth, global integration, and the external balance of small island developing states

Kemp-Benedict, Eric; Drakes, Crystal; Laing, Timothy J. - In: Economies : open access journal 6 (2018) 2, pp. 1-25

Small, open developing economies in general, and small island developing states (SIDS) in particular, have specific macroeconomic characteristics due both to their openness and their small size. Small size means they can never have fully independent capital-intensive domestic economies, so to...

Persistent link: https://www.econbiz.de/10011854792

The impact of remittances on exchange rate and money supply : does "openness" matter in developing countries?

Kim, Jounghyeon - In: Emerging markets, finance & trade : a journal of the … 55 (2019) 15, pp. 3682-3707

Persistent link: https://www.econbiz.de/10012211188

What does digital money mean for emerging market and developing economies?

Feyen, Erik; Frost, Jon; Natarajan, Harish; Rice, Tara N. - 2021

Persistent link: https://www.econbiz.de/10012798256

Financial globalization and inequality : capital flows as a two-edged sword

Eichengreen, Barry; Csonto, Balazs; ElGanainy, Asmaa Adel; … - 2021

Persistent link: https://www.econbiz.de/10012500924

Brain drain, remittances, and fertility

Marchiori, Luca (contributor); Pieretti, Patrice (contributor) - 2008

This paper analyzes the effects of skilled migration and remittances on fertility decisions at origin. We develop an … emigration ; Remittances ; Fertility ; Human capital …

Persistent link: https://www.econbiz.de/10003792874

Remittances, Foreign Direct Investment and Aid in Fragile States : Are They Complements or Substitutes?

Yogo, Urbain Thierry - 2011

of fragile states. The main contribution of this paper is to fulfill this gap while testing whether remittances, foreign … that, foreign aid is complement for both remittances and foreign direct investment. However this effect partially vanishes … as foreign aid is complement for both remittances and foreign direct investment, an optimal policy in the case of fragile …

Persistent link: https://www.econbiz.de/10013128009

Financial Development and the End-Use of Migrants' Remittances

Coon, Michael - 2016

remittance income is spent. My findings suggest that in communities without banks remittances are more likely to be used for … increases the likelihood that remittances are used for productive investment and decreases the likelihood that remittances are … remittances for productive investment, purchasing assets, and general consumption …

Persistent link: https://www.econbiz.de/10013000979