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Author : Stijn Claessens
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4./5 ( download)
Download or read book Equity Portfolio Investment in Developing Countries written by Stijn Claessens and published by World Bank Publications. This book was released on 1993 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Stijn Claessens
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4./5 ( download)
Download or read book The Effect of Equity Barriers on Foreign Investment in Developing Countries written by Stijn Claessens and published by World Bank Publications. This book was released on 1994 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Legal and other barriers limit foreign investors' access to emerging stock markets. Empirical evidence suggests that countries could lower the (risk- adjusted) cost of capital by removing formal barriers to such access.
Author : Sudarshan Gooptu
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4./5 ( download)
Download or read book Portfolio Investment Flows to Emerging Markets written by Sudarshan Gooptu and published by World Bank Publications. This book was released on 1993 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Stijn Claessens (red.)
Publisher : Washington, D.C. : World Bank
ISBN 13 :
Total Pages : 516 pages
Book Rating : 4.:/5 (318 download)
Download or read book Portfolio Investment in Developing Countries written by Stijn Claessens (red.) and published by Washington, D.C. : World Bank. This book was released on 1993 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : International Monetary Fund. Research Department
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.:/5 (319 download)
Download or read book Foreign Private Investment in Developing Countries written by International Monetary Fund. Research Department and published by International Monetary Fund. This book was released on 1985-01-15 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the early 1970s foreign direct and portfolio equity investment flows into developing countries, although continuing to increase in absolute terms, have been relatively less important than in previous years, as foreign private capital flows have been dominated by debt-creating bank credit.
Author : David Woodward
Publisher : Zed Books
ISBN 13 :
Total Pages : 264 pages
Book Rating : 4.F/5 ( download)
Download or read book The Next Crisis written by David Woodward and published by Zed Books. This book was released on 2001-10 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign direct investment has been heralded as the key benefit which globalization offers the South and the mechanism to kickstart economies into rapid growth. This careful and penetrating economic study analyzes what is actually happening to direct investment, its various impacts and just how little we know about it. It assesses the scale of the flows involved; their systematic under-valuation in official statistics; their geographically skewed distribution; the very high rates of return; the risks of large substantial outflows of resources; the massive shift towards foreign ownership required to avoid them; the potentially depressive effect of over-investment on the prices of many traditional Third World exports; and the adverse implications for national sovereignty, social welfare and democratic rights. More dramatically, David Woodward shows how FDI may have contributed to the Asian financial crisis and could lead to a new wave of similar financial crises throughout the developing world.
Author : World Institute for Development Economics Research
Publisher : World Institute for Development Economics Research of U
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.:/5 (318 download)
Download or read book Foreign Portfolio Investment in Emerging Equity Markets written by World Institute for Development Economics Research and published by World Institute for Development Economics Research of U. This book was released on 1990 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David Wood Ward
Publisher :
ISBN 13 : 9780756793937
Total Pages : 240 pages
Book Rating : 4.7/5 (939 download)
Download or read book The Next Crisis written by David Wood Ward and published by . This book was released on 2005-06-01 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign direct invest. (FDI) (& to a lesser extent portfolio equity invest.) have been widely heralded as the key benefit that globalization now offers the South & the principal mechanism to kickstart economies into rapid growth. But how beneficial is the new wave of foreign invest. likely to provide? This penetrating economic study analyzes what is actually happening, its various impacts & just how little we know. Shows how FDI may have actually contributed to the Asian financial crisis & could in the future lead to a new wave of similar financial crises throughout the developing world. Raises profound questions about the current euphoria over attracting foreign investment & suggests important new research agendas. Charts & graphs.
Author : David Höhl
Publisher : GRIN Verlag
ISBN 13 : 3668935300
Total Pages : 15 pages
Book Rating : 4.6/5 (689 download)
Download or read book The Impact of Portfolio Investment Flows in Developing Countries written by David Höhl and published by GRIN Verlag. This book was released on 2019-05-09 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2018 in the subject Economics - International Economic Relations, grade: 1,4 / 69, School of Oriental and African Studies, University of London, language: English, abstract: This essay focuses on the impact of portfolio investment (PI)flows in developing countries (DC). My thesis statement is that PI have positive rather than negative effects on a DC’s economy since they seem to reduce the cost of capital, increase investment, and accelerate growth. Thus, capital controls should not be enforced on PI. To address the problem of poverty in developing countries (DCs) economic governance and capital flows play a key role. The policy advice of the IMF for DCs was to liberalise the capital account, especially in the 1990s. Economists like John Williamson criticised the capital account liberalisation clearly and held it accountable for the Asian crisis that overtook the so-called “tiger economies” in 1997. He favoured foreign direct investments (FDI) compared to PI since they are much more stable. But how volatile are PI and what are their effects on the economies of DCs? Which legal framework should politicians in DCs set to manage the effects of PI? This essay will face these questions. First of all, I will give an overview of portfolio investment flows in DCs. Afterwards, I will introduce the third-generation crisis models. Then, I will analyse the consequences of PI in DCs. Next, the consequences of PI will be evaluated, also with regard to third-generation crisis models. Given this evaluation, I will state my advice for policy makers.
Author : Bernhard Fischer
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (318 download)
Download or read book Foreign Portfolio Investment in Emerging Markets written by Bernhard Fischer and published by . This book was released on 1995 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Philipp Harms
Publisher : Springer Science & Business Media
ISBN 13 : 1461545218
Total Pages : 204 pages
Book Rating : 4.4/5 (615 download)
Download or read book International Investment, Political Risk, and Growth written by Philipp Harms and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following substantial policy reforms in many countries, the past decade has been characterized by a remarkable increase of long-term private capital flows to the developing world. However, the bulk of these investments has concentrated on a few economies at the intermediate level of the international income distribution, while the large number of low-income countries has been mostly neglected by international investors. Starting from these observations, International Investment, Political Risk, and Growth analyzes the potential growth effects of liberalizing investment regimes in developing economies and offers an explanation for the apparent bias of private capital flows towards middle-income countries. It demonstrates that the removal of investment barriers may liberate an economy from a vicious circle of poverty, unproductive saving, and low growth, and presents a novel approach to analyzing the role of political risk as a major impediment to greater private capital inflows. Offering a combination of theoretical models and empirical analysis, and discussing both the historical evidence and the recent literature, this book contributes to a better understanding of the determinants and consequences of international investment in developing countries.
Author : United Nations Conference on Trade and Development. Trade and Development Board
Publisher :
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (17 download)
Download or read book Portfolio Equity Investment and New Financing Mechanisms : Foreign Portfolio Equity Investment in Developing Countries : Current Issues and Prospects written by United Nations Conference on Trade and Development. Trade and Development Board and published by . This book was released on 1993 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Martin Feldstein
Publisher : University of Chicago Press
ISBN 13 : 0226241807
Total Pages : 500 pages
Book Rating : 4.2/5 (262 download)
Download or read book International Capital Flows written by Martin Feldstein and published by University of Chicago Press. This book was released on 2007-12-01 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent changes in technology, along with the opening up of many regions previously closed to investment, have led to explosive growth in the international movement of capital. Flows from foreign direct investment and debt and equity financing can bring countries substantial gains by augmenting local savings and by improving technology and incentives. Investing companies acquire market access, lower cost inputs, and opportunities for profitable introductions of production methods in the countries where they invest. But, as was underscored recently by the economic and financial crises in several Asian countries, capital flows can also bring risks. Although there is no simple explanation of the currency crisis in Asia, it is clear that fixed exchange rates and chronic deficits increased the likelihood of a breakdown. Similarly, during the 1970s, the United States and other industrial countries loaned OPEC surpluses to borrowers in Latin America. But when the U.S. Federal Reserve raised interest rates to control soaring inflation, the result was a widespread debt moratorium in Latin America as many countries throughout the region struggled to pay the high interest on their foreign loans. International Capital Flows contains recent work by eminent scholars and practitioners on the experience of capital flows to Latin America, Asia, and eastern Europe. These papers discuss the role of banks, equity markets, and foreign direct investment in international capital flows, and the risks that investors and others face with these transactions. By focusing on capital flows' productivity and determinants, and the policy issues they raise, this collection is a valuable resource for economists, policymakers, and financial market participants.
Author : Dale R. Weigel
Publisher : World Bank Publications
ISBN 13 : 9780821340509
Total Pages : 132 pages
Book Rating : 4.3/5 (45 download)
Download or read book Foreign Direct Investment written by Dale R. Weigel and published by World Bank Publications. This book was released on 1997-01-01 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: The report reviews lessons from the International Finance Corporation's (IFC) investment, and advisory experience in the developing world, which show the interactions between policy frameworks, and the volume and structure of foreign direct investments (FDI). Case studies show how the Corporation promotes successful project structures, and regulatory changes, as it tries to attain the strongest development impact for investments. In developing countries, FDI has flowed mainly into manufacturing, and processing industries. In the past, investment attractiveness had been closely linked to possession of natural resources, or a large domestic market, while production and trade globalization, competitiveness as a location for investment, and exporting, have become the main determinants of attractiveness. Sources of FDI in the past, came almost exclusively from industrial countries, though recently those sources have widened, emerging from developing countries in their own right, and for their own regions. IFC, as an international initiative to promote FDI in developing countries, is liable to promote bilateral trade agreements, bilateral and multilateral financial institutions, and investment promotion programs; its advisory role may vary from diagnostic studies overviewing constraints to FDI, to investment policy studies giving specific solutions on either changes, or strategies. The study further looks at how policy environment is set, and at finding investor opportunities, through project financing, largely structured as joint ventures. The inherent, fragile nature of joint ventures, restricts foreign ownership, thus limiting project structures; however, careful project design has lead to successful operations, by ensuring management, and financial arrangements. Still, to maximize benefits, an unfinished agenda of policy reform remains, and, as more countries open to FDI, this integration will lead to an overall increase in FDI flows.
Author : Assaf Razin
Publisher : Princeton University Press
ISBN 13 : 0691170991
Total Pages : 159 pages
Book Rating : 4.6/5 (911 download)
Download or read book Foreign Direct Investment written by Assaf Razin and published by Princeton University Press. This book was released on 2016-06-28 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1990s saw global flows of foreign direct investment increase some sevenfold, spurring economists to explore FDI from a micro- or trade-based perspective. Foreign Direct Investment is one of the first books to analyze the macroeconomics of FDI, treating FDI as a unique form of international capital flow between specific pairs of countries. By examining the determinants of the aggregate flows of FDI at the bilateral, source-host-country level, Assaf Razin and Efraim Sadka present the first systematic global analysis of the singular features of FDI flows. Drawing on a wealth of fresh data, they provide new theoretical models and empirical techniques that illuminate the vital country-pair characteristics that drive these flows. Uniquely, Foreign Direct Investment examines FDI between developed and developing countries, and not just between developed countries. Among many other insights, the book shows that tax competition vis-à-vis FDI need not lead to a "race to the bottom." Foreign Direct Investment is an essential resource for graduate students, academics, and policy professionals.
Author : Asl? Demirgüç-Kunt
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 33 pages
Book Rating : 4./5 ( download)
Download or read book Barriers to Portfolio Investments in Emerging Stock Markets written by Asl? Demirgüç-Kunt and published by World Bank Publications. This book was released on 1993 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Itay Goldstein
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (318 download)
Download or read book An Information-based Trade Off Between Foreign Direct Investment and Foreign Portfolio Investment written by Itay Goldstein and published by . This book was released on 2005 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper develops a model of foreign direct investments (FDI) and foreign portfolio investments (FPI). The model describes an information-based trade off between direct investments and portfolio investments. Direct investors are more informed about the fundamentals of their projects. This information enables them to manage their projects more efficiently. However, it also creates an asymmetric-information problem in case they need to sell their projects prematurely, and reduces the price they can get in that case. As a result, investors, who know they are more likely to get a liquidity shock that forces them to sell early, are more likely to choose portfolio investments, whereas investors, who know they are less likely to get a liquidity shock, are more likely to choose direct investments. FDI is characterized by hands-on management style which enables the owner to obtain relatively refined information about the productivity of the firm. This superiority of FDI relative to FPI, comes with a cost: a firm owned by the relatively well-informed FDI investor has a low resale price because of a "lemons" type asymmetric information between the owner and potential buyers. The model can explain several stylized facts regarding foreign equity flows, such as the larger ratio of FDI to FPI inflows in developing countries relative to developed countries, and the greater volatility of FDI net inflows relative to FPI net inflows.
