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Foreign Capital Flows And External Debt
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Book Synopsis Foreign Capital Flows and External Debt by : Michael I. Obadan
Download or read book Foreign Capital Flows and External Debt written by Michael I. Obadan and published by . This book was released on 2004 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Foreign Capital In Developing Economies by : Stefano Manzocchi
Download or read book Foreign Capital In Developing Economies written by Stefano Manzocchi and published by Springer. This book was released on 2016-01-06 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: The object of this volume is to evaluate the pattern and the function of foreign capital in developing countries in a long-run perspective. The main conceptual instruments employed are the theory of economic growth, and the techniques associated with recent advances in growth econometrics. This empirical work points out that there is no mechanical trade-off between the short-term dangers and the long-run gains from capital market integration, but the growth benefits of foreign capital in transforming economies are conditional on an effective destination of the resources. Over-borrowing and excessive consumption are the main pitfalls in the short- as in the long-run. Nevertheless, foreign capital can be conducive to faster growth and possibly higher welfare.
Book Synopsis Financing, Intraregional Capital Flows and External Debt in Latin America and the Caribbean by :
Download or read book Financing, Intraregional Capital Flows and External Debt in Latin America and the Caribbean written by and published by . This book was released on 1996 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis External Debt Statistics by : International Monetary Fund
Download or read book External Debt Statistics written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-06-25 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Guide provides clear, up-to-date guidance on the concepts, definitions, and classifications of the gross external debt of the public and private sectors, and on the sources, compilation techniques, and analytical uses of these data. The Guide supersedes the previous international guidance on external debt statistics available in External Debt: Definition, Statistical Coverage, and Methodology (known as the Gray Book), 1988. The Guides conceptual framework derives from the System of National Accounts 1993 and the fifth edition of the IMFs Balance of Payments Manual(1993). Preparation of the Guide was undertaken by an Inter-Agency Task Force on Finance Statistics, chaired by the IMF and involving representatives from the BIS, the Commonwealth Secretariat, the European Central Bank, Eurostat, the OECD, the Paris Club Secretariat, UNCTAD, and the World Bank.
Book Synopsis Capital Flows in Central and Eastern Europe by : Ms.Ratna Sahay
Download or read book Capital Flows in Central and Eastern Europe written by Ms.Ratna Sahay and published by International Monetary Fund. This book was released on 1995-06-01 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the nature and composition of capital flows in selected countries in Central and Eastern Europe during 1987–93. The data show that there was a remarkable turnaround in the capital account in 1992–93. This improvement was accompanied by widening current account deficits, an increase in real consumption, and real exchange rate appreciation. In light of these developments, the paper discusses the main macroeconomic concerns raised by capital inflows and lays out the principal policy options relevant for the transition economies.
Book Synopsis International Finance and Development by : Jose Antonio Ocampo
Download or read book International Finance and Development written by Jose Antonio Ocampo and published by Zed Books. This book was released on 2007-04 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication reviews the major financing issues influencing economic development since the historic Monterrey Consensus of the International Conference on Financing for Development in 2002. It contains four main chapters under the headings of: international private capital flows; official development financing; external debt; and systemic issues.
Book Synopsis International Capital Flows, External Debt and Economic Growth in LDCs by : Oscar Garavello
Download or read book International Capital Flows, External Debt and Economic Growth in LDCs written by Oscar Garavello and published by . This book was released on 1987 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Chinese Approach to Capital Inflows by : Mr.Eswar Prasad
Download or read book The Chinese Approach to Capital Inflows written by Mr.Eswar Prasad and published by International Monetary Fund. This book was released on 2005-04-01 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we adopt a cross-country perspective to examine the evolution of capital flows into China, both in terms of volumes and composition. China's inflows have generally been dominated by foreign direct investment (FDI), a pattern that appears to be favorable in light of the recent literature on the experiences of developing countries with financial globalization. We provide a detailed documentation of the evolution of China's capital controls, a proximate determinant of the pattern of capital inflows. We also discuss a number of other intriguing hypotheses that attempt to capture the "deeper" causes underlying China's approach to capital flows. In particular, we argue that some popular mercantilist-type arguments are inconsistent with the facts. We also analyze the recent rapid rise of China's international reserves and discuss its implications. Contrary to some popular perceptions, the dramatic surge in foreign exchange reserves since 2001 is mainly attributable to non-FDI capital inflows, rather than current account surpluses or FDI.
Book Synopsis Foreign Debt and Latin American Economic Development by : Antonio Jorge
Download or read book Foreign Debt and Latin American Economic Development written by Antonio Jorge and published by Elsevier. This book was released on 2014-05-17 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign Debt and Latin American Economic Development focuses on the constructive discussion of views held by investigators and experts on the dynamic interaction between economic growth and external debt in Latin America. The selection first offers information on a background paper on the external debt and development in Latin America and a perspective on the external debt of Latin America. The text then elaborates on external financing and debt of the Latin American countries and Latin American external debt and economic growth. Topics include debt rescheduling, external debt and development, and flow of external financial resources. The manuscript takes a look at the economic growth and external debt of Jamaica and Commonwealth Caribbean. Discussions focus on external debt and economic growth, trends in external debt, structure and functioning of the Jamaican economy, and debt policy in the 1970’s and 1980’s. The book also ponders on the external debt and economic growth of Mexico, external debt situation of Haiti, Venezuela’s foreign public debt, and foreign debt and economic development of Costa Rica. The selection is a dependable source of data for readers interested in the interaction between economic progress and external debt in Latin America.
Book Synopsis Determinants and Systemic Consequences of International Capital Flows by : Mr.Timothy D. Lane
Download or read book Determinants and Systemic Consequences of International Capital Flows written by Mr.Timothy D. Lane and published by International Monetary Fund. This book was released on 1991-04-15 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growing integration of capital markets has strengthened incentives for greater international coordination of economic and financial policies. Structural changes in these financial market, however, may have undermined the effectiveness of monetary and fiscal policy and complicated market access by developing countries. These are among the findings of this study of capital flows in the 1970s and the 1980s.
Book Synopsis Capital Flows and Financial Crises by : Miles Kahler
Download or read book Capital Flows and Financial Crises written by Miles Kahler and published by Manchester University Press. This book was released on 1998 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capital flows to the developing economies have long displayed a boom-and-bust pattern. However, rarely has the cycle turned as abruptly as it did in the 1990s, when the surges in lending were followed by the Mexican peso crisis of 1994-95, and the sudden collapse of currencies in Asia in 1997 and 1998. The volume maps an uncertain financial landscape in which volatile private capital flows and fragile banking systems produce sudden reversals of fortune for governments and economies. This environment creates dilemmas for both national policy-makers who confront the mixed blessing of capital inflows and the international institutions that manage the recurrent crises.
Book Synopsis Foreign Capital Flows and Economic Development in Africa by : Evelyn Wamboye
Download or read book Foreign Capital Flows and Economic Development in Africa written by Evelyn Wamboye and published by Springer. This book was released on 2017-03-16 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection examines the extent to which foreign capital from conventional (OECD countries) and non-conventional (BRICS) sources has impacted economic development in Africa over the last two decades. It provides in-depth analyses of the nature, motives, and implications of this capital, and identifies drivers of contemporary rapid growth within and across African countries. Authored by leading experts, the book offers original insights for academics, policymakers, and practitioners studying the changes taking place in Africa as the continent strides more confidently toward integration with the global economy. The major themes addressed in this book include:• The implications of growing Chinese engagement in Africa • BRICS countries' versus OECD countries' investment contributions to Africa• The politics of land, land grab, and the puzzle of inclusive development in Africa• Foreign research and development spillovers, trade linkages, and productivity in Africa• Foreign aid effects on social sector, growth, and structural change in Africa• Remittances, foreign debt, resource management, and economic development in Africa
Book Synopsis External Finance and Foreign Debt in Central and Eastern European Countries by : Stefano Manzocchi
Download or read book External Finance and Foreign Debt in Central and Eastern European Countries written by Stefano Manzocchi and published by International Monetary Fund. This book was released on 1997-10-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: External finance can provide a positive contribution to the transition process and can enhance welfare in former centrally planned economies, especially when domestic saving has not fully recovered after the initial contraction. However, as was pointed out at the beginning of the transition process, foreign debt could exert a strong constraint on the borrowing capacity of some central and eastern European countries. This paper analyzes the determinants of net external borrowing in ten transition economies during 1990-95 and assesses the impact of the outstanding stock of foreign liabilities on net financial inflows.
Book Synopsis Capital Flows to Developing Countries and the Reform of the International Financial System by : Yilmaz Akyüz
Download or read book Capital Flows to Developing Countries and the Reform of the International Financial System written by Yilmaz Akyüz and published by . This book was released on 2000 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Capital Flows and External Debt Accumulation - The Looming Debt & Financial Crises in Africa by : Godfrey W Waweru
Download or read book Capital Flows and External Debt Accumulation - The Looming Debt & Financial Crises in Africa written by Godfrey W Waweru and published by Godfrey W Waweru. This book was released on 2018-09-10 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book looks at some of the recent past most severe debt, currency and financial crises experienced by a number of countries and regions that received huge capital inflows and accumulated large amounts of external debts. These include the crises experienced by Latin American countries in the 1980s, Mexico in 1982-1983 and again in 1994-1995, African countries in the 1980s and 1990s, Thailand and Indonesia in 1997-1998 and the persistent Greek debt crisis. The book then compares these crises with the potential risk for (and perhaps inevitable) new debt, currency and financial crises in many African countries such as Kenya, following the recent strong capital inflows into and excessive external debt accumulation by African countries during the current extended period of historical low and sometime negative global interest rates and bond yields. In all the episodes and waves of capital flows and excessive external debt accumulation and the resulting debt, currency and financial crises; the pattern has been the same. Interest rates and bond yields in developed countries are sharply cut and fall to historical lows for an extended period of time due to deep economic recessions in developed countries. International investors and lenders seeking higher returns and yields flood developing countries with capital and foreign loans. Developing countries are eager to accumulate excessive external debts. The easily accessible and relatively cheap external debt is used to finance some infrastructure projects, increasing recurrent expenditure, imports, consumption and large current account deficits while a large part of the borrowed funds are also wasted and looted. Their economies experience strong growth and assets prices boom during the debt accumulation and capital inflow cycle. Everybody, including the lenders argue "this time is different" and there will be no debt repayment problems. Interest rates in developed countries are then increased to control rising inflation. International investors and lenders flee from developing countries and move their money back to now higher yields, lower risk and safer markets in developed countries. As capital flows reverse and foreign credit is cut off, these countries are unable to repay the excessive accumulated external debts and are thrown into debt, currency and financial crises. The countries are forced to seek bailout loans from international financial institutions under very painful austerity measures that bring a lot of suffering to the people. It is finally recognized that most of the countries are insolvent and they can never fully repay the excessive accumulated debt and part of the debt is written off, with lenders and investors taking large haircuts on the debts but this is only done after a lot of suffering has been inflicted on the people. The book has reviewed the capital flows and external debt accumulation by African countries in the current cycle in general and covered Kenya that could represent the situations in many other African countries in more details. The borrowing governments that are currently in office are getting cheap funds from reckless lenders and investor to spend now with current benefits and without much worry on how the debts will be repaid by future governments and generations in 10 to 30 years when they will probably not be in office and seems ignorant or not bothered of the future risks that they are putting their countries into. Because they know that the responsibility of repaying the external debts will fall on future governments while they are getting the benefits of spending the borrowed money now, current governments may not have the incentives to take the necessary required precautions when incurring the excessive debts . This is also partly because every time, the orgy of excessive lending and borrowing is being done by a new crop or generation of lenders and borrowers with no respect for history's lessons but only near and short term gains and glory.
Book Synopsis Development Centre Studies Capital Flows and Investment Performance Lessons from Latin America by : French-Davis Ricardo
Download or read book Development Centre Studies Capital Flows and Investment Performance Lessons from Latin America written by French-Davis Ricardo and published by OECD Publishing. This book was released on 1998-10-09 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, the result of a joint project between the OECD Development Centre and the UN Economic Commission for Latin America and the Caribbean (ECLAC), examines the policies of a group of major Latin American countries faced with large inflows.
Book Synopsis The Impact of Foreign Capital Inflow on Investment and Economic Growth in Developing Asia by : Evelyn M. Go
Download or read book The Impact of Foreign Capital Inflow on Investment and Economic Growth in Developing Asia written by Evelyn M. Go and published by . This book was released on 1985 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: