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Author : Pradumna B. Rana
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.X/5 (4 download)
Download or read book Surges and Volatility of Private Capital Flows to Asian Developing Countries written by Pradumna B. Rana and published by . This book was released on 1998 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Ravi Balakrishnan
Publisher : International Monetary Fund
ISBN 13 : 147554183X
Total Pages : 50 pages
Book Rating : 4.4/5 (755 download)
Download or read book Surging Capital Flows to Emerging Asia written by Mr.Ravi Balakrishnan and published by International Monetary Fund. This book was released on 2012-05-01 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Net capital flows to emerging Asia rebounded at a record pace following the global financial crisis, raising concerns about overheating and financial stability. This paper documents the size and composition of the most recent surge to Asian emerging markets from a historical perspective and compares developments in the broader economy, asset prices, and corporate variables across the different episodes of strong inflows. We find little evidence of a significant build-up of imbalances and resource misallocation during the most recent surge. We also review country experiences in managing the risks associated with inflows and argue that Asian countries have used regulatory measures during past surges, although there is not strong evidence of their efficacy without supporting monetary and fiscal policies.
Author : Gerald K. Helleiner
Publisher : Springer
ISBN 13 : 1349150711
Total Pages : 247 pages
Book Rating : 4.3/5 (491 download)
Download or read book Capital Account Regimes and the Developing Countries written by Gerald K. Helleiner and published by Springer. This book was released on 2016-07-27 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: An authoritative assessment of the debate over the role of volatile private capital flows and their impact on developing countries. The book outlines the long history of concern about these issues, going back to preparations for the Bretton Woods agreement. It assesses their acceleration with the growth of international capital and looks at key case studies from Latin America, Asia and Africa to assess the possibilities and problems for national and international policy responses.
Author : Mr.Atish R. Ghosh
Publisher : International Monetary Fund
ISBN 13 : 1463942303
Total Pages : 43 pages
Book Rating : 4.4/5 (639 download)
Download or read book Surges written by Mr.Atish R. Ghosh and published by International Monetary Fund. This book was released on 2012-01-01 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines why surges in capital flows to emerging market economies (EMEs) occur, and what determines the allocation of capital across countries during such surge episodes. We use two different methodologies to identify surges in EMEs over 1980-2009, differentiating between those mainly caused by changes in the country's external liabilities (reflecting the investment decisions of foreigners), and those caused by changes in its assets (reflecting the decisions of residents). Global factors-including US interest rates and risk aversion¡-are key to determining whether a surge will occur, but domestic factors such as the country's external financing needs (as implied by an intertemporal optimizing model of the current account) and structural characteristics also matter, which explains why not all EMEs experience surges. Conditional on a surge occurring, moreover, the magnitude of the capital inflow depends largely on domestic factors including the country's external financing needs, and the exchange rate regime. Finally, while similar factors explain asset- and liability-driven surges, the latter are more sensitive to global factors and contagion.
Author :
Publisher : World Bank Publications
ISBN 13 : 9780195211160
Total Pages : 432 pages
Book Rating : 4.2/5 (111 download)
Download or read book Private Capital Flows to Developing Countries written by and published by World Bank Publications. This book was released on 1997 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the process of international financial integration and the structural forces driving private capital to developing countries. Against this background, it details the potential benefits of integration and the implications of fast-moving global capital flows for emerging economics. Examining the experience of countries that have attracted substantial private capital flows, the book provides invaluable guidance as to what works and what doesn't during the transition to financial integration. It will be of compelling interest to policymakers and also to international investors and bankers, financial analysts, and researchers.
Author : Mahmood Pradhan
Publisher : International Monetary Fund
ISBN 13 : 1463935129
Total Pages : 45 pages
Book Rating : 4.4/5 (639 download)
Download or read book Policy Responses to Capital Flows in Emerging Markets written by Mahmood Pradhan and published by International Monetary Fund. This book was released on 2011-04-20 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.
Author : Masahiro Kawai
Publisher : Edward Elgar Publishing
ISBN 13 : 184980687X
Total Pages : 465 pages
Book Rating : 4.8/5 (498 download)
Download or read book Managing Capital Flows written by Masahiro Kawai and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing Capital Flows provides analyses that can help policymakers develop a framework for managing capital flows that is consistent with prudent macroeconomic and financial sector stability. While capital inflows can provide emerging market economies with invaluable benefits in pursuing economic development and growth, they can also pose serious policy challenges for macroeconomic management and financial sector supervision. The expert contributors cover a wide range of issues related to managing capital flows and analyze the experience of emerging Asian economies in dealing with surges in capital inflows. They also discuss possible policy measures to manage capital flows while remaining consistent with the goals of macroeconomic and financial sector stability. Building on this analysis, the book presents options for workable national policies and regional policy cooperation, particularly in exchange rate management. Containing chapters that bring in international experiences relevant to Asia and other emerging market economies, this insightful book will appeal to policymakers in governments and financial institutions, as well as public and private finance experts. It will also be of great interest to advanced students and academic researchers in finance.
Author : Erlend Nier
Publisher : International Monetary Fund
ISBN 13 : 1498352928
Total Pages : 35 pages
Book Rating : 4.4/5 (983 download)
Download or read book Gross Private Capital Flows to Emerging Markets written by Erlend Nier and published by International Monetary Fund. This book was released on 2014-10-27 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses empirically the key drivers of private capital flows to a large sample of emerging market economies in the last decade. It analyzes the effect of the global financial cycle, measured by the VIX, on capital flows and investigates the role of fundamentals and country characteristics in mitigating or amplifying its effect. Using interaction models, we find the effect of the VIX to be non-linear. For low levels of the VIX, capital flows are driven by fundamental factors. During periods of stress, the VIX becomes the dominant driver of capital flows while other determinants, with the exception of interest rate differentials, lose statistical significance. Our results also suggest that the effect of global financial conditions on gross private capital flows increases with the host country’s level of financial sector development. Finally, our results imply that countries cannot fully insulate themselves from global financial shocks, unless creating a fragmented global financial system.
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 : Cheikh A. Gueye
Publisher : International Monetary Fund
ISBN 13 : 1616358440
Total Pages : 39 pages
Book Rating : 4.6/5 (163 download)
Download or read book Managing Volatile Capital Flows: Experiences and Lessons for Sub-Saharan African Frontier Markets written by Cheikh A. Gueye and published by International Monetary Fund. This book was released on 2014-03-26 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the past three years the frontier markets of sub-Saharan Africa have received growing amounts of portfolio capital flows, with heightened interest from foreign investors. Compared with foreign direct investment, portfolio capital flows tend to be more volatile, and thus pose challenges for sub-Saharan African frontier markets. This study examines the evolution of capital flows since 2010 and discusses the policies these countries have designed to reduce risks from the inherent volatility of these flows.
Author : Kanokpan Lao-Araya
Publisher : DIANE Publishing
ISBN 13 : 1437907334
Total Pages : 38 pages
Book Rating : 4.4/5 (379 download)
Download or read book How Can Cambodia, Lao PDR, Myanmar, and Viet Nam Cope with Revenue Lost Due to AFTA Tariff Reductions? written by Kanokpan Lao-Araya and published by DIANE Publishing. This book was released on 2008-12 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: In joining the Assoc. of Southeast Asian Nations (ASEAN) and ASEAN Free Trade Area, Cambodia, Lao PDR, Myanmar, and Viet Nam have agreed to comply with the Common Effective Preferential Tariff (CEPT) Scheme, which reduces intra-ASEAN tariff rates on certain imports and may reduce gov¿t. revenue. This study proposes tax structure and tax admin. reforms and other policies that can be introduced to enhance revenue collection. They can: Strategically allocate goods among the four CEPT scheme lists; Improve their tax systems by replacing traditional general sales taxes with Value Added Tax; Reduce inefficiencies that impede tax collection and Discourage tax avoidance and evasion and reduce corruption among tax officials.
Author : Assar Lindbeck
Publisher : DIANE Publishing
ISBN 13 : 1437902057
Total Pages : 25 pages
Book Rating : 4.4/5 (379 download)
Download or read book European Social Model written by Assar Lindbeck and published by DIANE Publishing. This book was released on 2008-06 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing countries, esp. the least developed ones, have more to learn from social policies in Europe during the early 20th cent. than from the elaborate welfare-state arrangements after WW2. In addition to macro-economic growth and stability, the main ambitions must be to fight human deprivation, incl. illiteracy, malnutrition, and poor access to water and sanitation; in some cases, also weak, incompetent, and/or corrupt governments. Informal systems in the fields of transfers and social services must not be destroyed when developing countries embark on more formal systems. The European experience also warns against the creation of social systems that are so generous that disincentives and receding social norms distort the nat. economy.
Author : Ron Duncan
Publisher : DIANE Publishing
ISBN 13 : 1437900550
Total Pages : 30 pages
Book Rating : 4.4/5 (379 download)
Download or read book Framework for Establishing Priorities in a Country Poverty Reduction Strategy written by Ron Duncan and published by DIANE Publishing. This book was released on 2008-05 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the history & progress of understanding development theory over the past 50 years. Development thinking has evolved from an early paradigm that focused on savings & capital investment to subsequent arguments favoring the inclusion of human capital, policy, technical change, & finally to the inclusion of the role of institutions, & good governance. Secure property rights in the broadest sense, which are applicable to all resources & not just land, are particularly important to realize investment yield. This evolution of development thought describes a conceptual framework that can guide development practitioners in prioritizing, sequencing, & characterizing all interventions aimed at reducing poverty.
Author : Ganeshan Wignaraja
Publisher : DIANE Publishing
ISBN 13 : 1437900585
Total Pages : 45 pages
Book Rating : 4.4/5 (379 download)
Download or read book Measuring Competitiveness in the World's Smallest Economies written by Ganeshan Wignaraja and published by DIANE Publishing. This book was released on 2008-05 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: Attempts to measure competitiveness (CP) across countries have typically neglected the world¿s smallest economies. Hence, a simple composite index, the Small State Manufactured Export CP Index or SSMECI, was developed to benchmark industrial CP. The SSMECI represents the first attempt to provide a comprehensive picture of the CP performance of small states. The performance of small states varies across geographical regions, income groups, & country size classes. High-performing small states had better macroeconomic conditions, higher levels of foreign invest., more trade openness, better levels of educ., & modern infrastructure. A coherent, market-oriented CP strategy in small states is vital to success on international markets. Tables.
Author : Neranjana Gunetilleke
Publisher : DIANE Publishing
ISBN 13 : 1437900593
Total Pages : 45 pages
Book Rating : 4.4/5 (379 download)
Download or read book Monetary Poverty Estimates in Sri Lanka written by Neranjana Gunetilleke and published by DIANE Publishing. This book was released on 2008-05 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an introduction to poverty-related data available in Sri Lanka, & monetary measurements of poverty carried out using this data. The lack of an official poverty line in Sri Lanka until June 2004 has over time generated a number of poverty lines & corresponding poverty measures. While these poverty measures have provided a good base for poverty analysis, this paper also touches on the problems generated by the use of multiple methods. The release of the official poverty line by the Dept. of Census & Statistics can be seen as a major step forward in the debate on poverty measurement in Sri Lanka. Charts & tables.
Author : Devendra Chhetry
Publisher : DIANE Publishing
ISBN 13 : 1437905641
Total Pages : 42 pages
Book Rating : 4.4/5 (379 download)
Download or read book Practices of Poverty Measurement and Poverty Profile of Nepal written by Devendra Chhetry and published by DIANE Publishing. This book was released on 2009-03 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reviews the poverty measuring practices, available measures of poverty, and economic growth figures of Nepal. The poverty rates for FY 1976-77, 1984-85, and 1995-96 are found to be not comparable due to change in methodology over time. The three poverty rates average 40%. Nepal has experienced high economic growth during the 7th (1985-86 to 1989-90) and 8th (1992-93 to 1996-97) Plan periods with no strong evidences of poverty reduction. This incompatible result is partially explained by comparing growth of the agricultural sector with the role of the sector in providing employment and income generation at the household level, and by comparing social indicators particularly literacy rate with the growth of the nonagricultural sector. Tables.
Author : Christopher Edmonds
Publisher : DIANE Publishing
ISBN 13 : 1437902049
Total Pages : 31 pages
Book Rating : 4.4/5 (379 download)
Download or read book Role of Infrastructure in Land-Use Dynamics and Rice Production in Viet Nam's Mekong River Delta written by Christopher Edmonds and published by DIANE Publishing. This book was released on 2008-06 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the role of infrastructure development and technical change in explaining increases in agricultural production and changes in land use in the Mekong Delta Region of Viet Nam during the mid-1990s. The transportation costs involved in moving agricultural input and output between farms and markets significantly effect farm land use and production decisions. Greater transport costs reduce the likelihood that farms adopt intensive cropping patterns or cultivate non-rice crops. Results suggest that the quality of local water management infrastructure is much more important than transport costs in explaining the increased intensity of land use and level of production observed in the Mekong Delta during the 1990s. Illustrations.
