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Author : Ricardo Hausmann
Publisher : IDB
ISBN 13 : 1886938040
Total Pages : 114 pages
Book Rating : 4.8/5 (869 download)
Download or read book Volatile Capital Flows written by Ricardo Hausmann and published by IDB. This book was released on 1996 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : French-Davis Ricardo
Publisher : OECD Publishing
ISBN 13 : 926416345X
Total Pages : 241 pages
Book Rating : 4.2/5 (641 download)
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.
Author : Philip Turner
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.:/5 (318 download)
Download or read book Capital Flows in Latin America written by Philip Turner and published by . This book was released on 1995 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Sara Calvo
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (318 download)
Download or read book Capital Flows to Latin America written by Sara Calvo and published by . This book was released on 1996 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Diego Eduardo Vacaflores Rivero
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (69 download)
Download or read book Capital Flows to Latin American Countries written by Diego Eduardo Vacaflores Rivero and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The significant restructuring of international capital flows to developing countries -- in particular to Latin American countries -- observed in the last quarter century has generated significant research in the area to examine its potential impact on development efforts. The resurgence of foreign direct investment (FDI) and the increasing significance of remittances, both as shares of gross domestic product (GDP), have made these types of capital flows the most analyzed. Despite the large fraction of empirical studies that find a positive and significant relationship between FDI and economic growth, an important fact that has been so far overlooked in the literature is its impact on standards of living in host countries. This dissertation first establishes the strong complementary connection between FDI and economic growth in Latin America, measured by increases in GDP per capita growth rates, to then examine additional channels through which it could affect the welfare of the region. I first show that FDI has a positive effect on central government tax revenues, which is mainly channeled through its effect on taxes on goods and services. I then show that FDI has a positive and significant effect on the employment rates in these host countries, with female employment rate getting the largest impact -- relative to males. Remittances are another capital flow that plays a large and important role in certain economies, exceeding 10% of GDP in some countries. The impact of remittances on the main macroeconomic measures of a small open economy is analyzed in the last section using a stochastic limited participation model with cash in advance constraints and costly adjustment of cash holdings. After verifying that the model responds adequately to standard shocks, a remittances shock is introduced to examine the dynamic response of the representative economy. The results show that a positive remittances shock forces the exchange rate to depreciate and lowers both output and consumption in the period of the shock. The positive shock lowers utility during the shock but raises it from the following period onwards, improving discounted utility after 10 years when remittances are 10% of GDP and there are no adjustment costs.
Author :
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (685 download)
Download or read book Capital Flows to Latin America written by and published by . This book was released on 1999 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Pedro Aspe Armella
Publisher : University of Chicago Press
ISBN 13 : 0226029972
Total Pages : 305 pages
Book Rating : 4.2/5 (26 download)
Download or read book Financial Policies and the World Capital Market written by Pedro Aspe Armella and published by University of Chicago Press. This book was released on 2009-05-15 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays brought together in this volume share a common objective: To bring a unifying methodological approach to the analysis of financial problems in developing, open economies. While the primary focus is on contemporary Latin America, the methods employed and the lessons learned are of wider applicability. The papers address the financial integration issue from three different perspectives. In some cases, a country study is the vehicle for an econometric investigation of a particular external linkage. In other cases, an individual country's experience suggests an economic model in which the stylized facts may be analyzed and developed. A third direction is unabashedly theoretical and formulates more general principles which are broadly applicable rather than country-specific.
Author : Noemi Levy-Orlik
Publisher : Edward Elgar Publishing
ISBN 13 : 1800372140
Total Pages : 264 pages
Book Rating : 4.8/5 (3 download)
Download or read book Capital Movements and Corporate Dominance in Latin America written by Noemi Levy-Orlik and published by Edward Elgar Publishing. This book was released on 2021-06-25 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the problems of Latin America, through two of the most important features of the post-Bretton Woods economic order, large corporations and weak financial markets. In turn, it shows that their impact on economic growth and development is feeble and short-lived. This resulted in income concentration and an extremely unequal distribution of wealth in the region.
Author : José Antonio Ocampo
Publisher :
ISBN 13 :
Total Pages : 260 pages
Book Rating : 4.:/5 (321 download)
Download or read book Foreign Capital in Latin America written by José Antonio Ocampo and published by . This book was released on 1994 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the early 1990s, foreign capital flowed into some Latin American countries in quantities not witnessed for over a decade. Foreign Capital in the Latin American Economies looks at four countries that experienced particularly large inflows: Argentina, Chile, Colombia and Mexico.
Author : Sebastian Edwards
Publisher :
ISBN 13 :
Total Pages : 122 pages
Book Rating : 4.:/5 (318 download)
Download or read book Capital Inflows Into Latin America written by Sebastian Edwards and published by . This book was released on 1998 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper deals with Latin America's experience with capital flows during the last decade and a half. It concentrates on a number of issues of increasing interest among academics and international observers, including the effect of capital inflows on domestic savings, the way in which capital mobility affects the ability to engage in independent monetary policy, and the effectiveness of capital controls. It also addresses a number of policy dilemmas that have become topical in light of the recent East Asian currency crises, including questions related to capital account sustainability, the role of domestic banks in the intermediation of capital inflows, and the feasibility of fixed nominal exchange rates in a world of capital mobility. Latin America's experience with capital mobility should provide insights to scholars interested in other regions of the world. Indeed, during the last few years the Latin American countries have been a laboratory of sorts, where almost every possible approach towards capital mobility has been tried.
Author : James E. Mahon
Publisher : Penn State Press
ISBN 13 : 9780271042060
Total Pages : 232 pages
Book Rating : 4.0/5 (42 download)
Download or read book Mobile Capital and Latin American Development written by James E. Mahon and published by Penn State Press. This book was released on 2010-11-01 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Particularly timely in light of the recent Mexican peso crisis, Mobile Capital and Latin American Development examines the causes, consequences, and implications of the Latin American capital flight of the 1980s. It addresses the increasingly mobile and privatized nature of international capital and its power to shape economic policy in those countries. Through a comparison of the policy experiences of Argentina, Brazil, Chile, Colombia, Mexico, and Venezuela, James E. Mahon finds that those countries that suffered the most capital flight had previously faced fewer structural trade problems and had not reoriented their exchange policies to diversify exports and deal with exchange-market instability. Since the countries that stumbled worst into capital flight before the debt crisis were later among the most aggressive neoliberal reformers, Mahon discusses the ways in which overseas capital served as a kind of pressure for free-market reform. Finally, the idea that internationally mobile capital now can operate as a kind of senate--an arm of the wealthy few, guarding the established order against the arbitrary, dangerous tendencies of the executive and popular chamber--is examined with relation to theories of dependency and the institutionalization of democracy.
Author : Pan American Union. Department of Economic Affairs
Publisher :
ISBN 13 :
Total Pages : 106 pages
Book Rating : 4.3/5 (91 download)
Download or read book The Flow of Capital from the European Economic Community to Latin America written by Pan American Union. Department of Economic Affairs and published by . This book was released on 1963 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Sara Guerschanik Calvo
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (129 download)
Download or read book Capital Flows to Latin America written by Sara Guerschanik Calvo and published by . This book was released on 2016 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mexico's economic crisis in December 1994 gave renewed importance to the issue of spillover or contagion effects in other emerging market economies (and their sensitivity to events in larger countries in the region.) They focus on how small open economies are affected by their neighbors' ecomomic developments and what role financial markets play in the transmission of disturbances. They find that: (1) There was evidence of increased comovement across weekly equity and Brady bond returns for emerging markets in Latin America after the Mexican crisis. Such comovement could be seen as evidence of herding behavior among investors, or as a result of the effect on stock prices in other markets when a few large investors in one market sell off equities to raise cash. (2) Contagion may be more regional than global - the degree of comovement after the crisis increased in both Asia and Latin America, but regional patterns differed. (3) International capital movements are all significantly affected by swings in interest rates in the United States. Other things being equal, increases in U.S. interest rates are associated with capital outflows from Latin America. Large and small countries are equally vulnerable. (4) Developments in large countries influence the capital account balance of all countries in the region through a more persistent form of contagion than that associated with a crisis. Other things being equal, capital flows in and out of large countries in a region tend to encourage flows affecting the smaller countries, although capital developments in small countries appear to have no systematic impact on larger countries. (5) Smaller Latin American countries appear to be affected more by developments in a core set of countries in a region than by developments in a single country.
Author : Bradford S. Gentry
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 408 pages
Book Rating : 4.:/5 (318 download)
Download or read book Private Capital Flows and the Environment written by Bradford S. Gentry and published by Edward Elgar Publishing. This book was released on 1998 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Describes patterns of private investment in Latin America and analyzes their impact on the environment, concluding that improved environmental performance can accompany foreign direct investment. Shows how governments of developing countries can attract foreign investors by integrating environmental considerations into their investment promotion efforts, and identifies points of leverage for actions by governments, investors, environmental groups, and customers to increase environmental benefits. Material grows out of a study launched at the Yale Center for Environmental Law and Policy in 1995. Annotation copyrighted by Book News, Inc., Portland, OR
Author : Augusto de la Torre
Publisher : World Bank Publications
ISBN 13 : 0821365444
Total Pages : 232 pages
Book Rating : 4.8/5 (213 download)
Download or read book Emerging Capital Markets and Globalization written by Augusto de la Torre and published by World Bank Publications. This book was released on 2006-10-20 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, particularly in Latin America. Unfortunately, they are now faced with disheartening results. Stock and bond markets remain illiquid and segmented. Debt is concentrated at the short end of the maturity spectrum and denominated in foreign currency, exposing countries to maturity and currency risk. Capital markets in Latin America look particularly underdeveloped when considering the many efforts undertaken to improve the macroeconomic environment and to reform the institutions believed to foster capital market development. The disappointing performance has made conventional policy recommendations questionable, at best. 'Emerging Capital Markets and Globalization' analyzes where we stand and where we are heading on capital market development. First, it takes stock of the state and evolution of Latin American capital markets and related reforms over time and relative to other countries. Second, it analyzes the factors related to the development of capital markets, with particular interest on measuring the impact of reforms. And third, in light of this analysis, it discusses the prospects for capital market development in Latin America and emerging economies and the implications for the reform agenda.
Author : Sara Calvo
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (913 download)
Download or read book Capital Flows to Latin America: Is There Evidence of Contagion Effects? written by Sara Calvo and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: May 1996 Mexico's economic crisis in December 1994 gave renewed importance to the issue of spillover or contagion effects in other emerging market economies (and their sensitivity to events in larger countries in the region.) They focus on how small open economies are affected by their neighbors' ecomomic developments and what role financial markets play in the transmission of disturbances. They find that: (1) There was evidence of increased comovement across weekly equity and Brady bond returns for emerging markets in Latin America after the Mexican crisis. Such comovement could be seen as evidence of herding behavior among investors, or as a result of the effect on stock prices in other markets when a few large investors in one market sell off equities to raise cash. (2) Contagion may be more regional than global--the degree of comovement after the crisis increased in both Asia and Latin America, but regional patterns differed. (3) International capital movements are all significantly affected by swings in interest rates in the United States. Other things being equal, increases in U.S. interest rates are associated with capital outflows from Latin America. Large and small countries are equally vulnerable. (4) Developments in large countries influence the capital account balance of all countries in the region through a more persistent form of contagion than that associated with a crisis. Other things being equal, capital flows in and out of large countries in a region tend to encourage flows affecting the smaller countries, although capital developments in small countries appear to have no systematic impact on larger countries. (5) Smaller Latin American countries appear to be affected more by developments in a core set of countries in a region than by developments in a single country.
Author : Williamson, John
Publisher : Peterson Institute
ISBN 13 : 9780881325966
Total Pages : 160 pages
Book Rating : 4.3/5 (259 download)
Download or read book Curbing the Boom-Bust Cycle: Stabilizing Capital Flows to Emerging Markets written by Williamson, John and published by Peterson Institute. This book was released on 2005 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
