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Foreign Direct Investment Other Capital Flows And Current Account Deficits
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Book Synopsis Foreign direct investment, other capital flows, and current account deficits by : Maxwell J. Fry
Download or read book Foreign direct investment, other capital flows, and current account deficits written by Maxwell J. Fry and published by World Bank Publications. This book was released on 1995 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Foreign Direct Investment, Other Capital Flows and Current Account Deficits by : Maxwell J. Fry
Download or read book Foreign Direct Investment, Other Capital Flows and Current Account Deficits written by Maxwell J. Fry and published by . This book was released on 2005 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: The more liberal a country's foreign exchange system, the more foreign direct investment is likely to be independent of current account and other capital flows.Fry, Claessens, Burridge, and Blanchet examine flows of foreign direct investment to 46 developing countriesto test whether such flows are autonomous or accommodating vis-a-vis the current account and other capital flows.Using Granger-causality tests, they find that:Requirements to surrender export proceeds to the monetary authorities and the existence of special exchange rates for some capital account transactions reduce the probability that foreign direct investment is independent.The more liberal a country`s foreign exchange system, the more foreign direct investment is likely to be independent or exogenous.Foreign direct investment is associated with a larger increase in capital formation when it is independent than when it is Granger-caused by other capital flows.This paper - a product of the Debt and International Finance Division, International Economics Department - is part of a larger effort in the department to study the determinants and impact of foreign direct investment. The study was funded by the Bank's Research Support Budget under the research project quot;Foreign Direct Investment in a Macroeconomic Frameworkquot; (RPO 678-15).
Book Synopsis International Capital Flows by : Martin Feldstein
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.
Book Synopsis Foreign Direct Investment, Other Capital Flows, and Current Account Deficits by : J. Maxwell Fry
Download or read book Foreign Direct Investment, Other Capital Flows, and Current Account Deficits written by J. Maxwell Fry and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: October 1995 The more liberal a country's foreign exchange system, the more foreign direct investment is likely to be independent of current account and other capital flows. Fry, Claessens, Burridge, and Blanchet examine flows of foreign direct investment to 46 developing countriesto test whether such flows are autonomous or accommodating vis-á-vis the current account and other capital flows. Using Granger-causality tests, they find that: * Requirements to surrender export proceeds to the monetary authorities and the existence of special exchange rates for some capital account transactions reduce the probability that foreign direct investment is independent. * The more liberal a country's foreign exchange system, the more foreign direct investment is likely to be independent or exogenous. * Foreign direct investment is associated with a larger increase in capital formation when it is independent than when it is Granger-caused by other capital flows. This paper -- a product of the Debt and International Finance Division, International Economics Department -- is part of a larger effort in the department to study the determinants and impact of foreign direct investment. The study was funded by the Bank's Research Support Budget under the research project Foreign Direct Investment in a Macroeconomic Framework (RPO 678-15).
Book Synopsis The Landscape of Capital Flows to Low-Income Countries by : Sukhwinder Singh
Download or read book The Landscape of Capital Flows to Low-Income Countries written by Sukhwinder Singh and published by International Monetary Fund. This book was released on 2008-02-01 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews trends in capital flows and capital-like flows such as official grants and remittances to low-income countries over the period 1981-2006. The survey reveals a broadbased increase in such flows as a share of low-income country GDP across major regions, countries with differing commodity export composition, and countries with differing debt relief status. The increase in inflows is dominated by an increase in private sector inflows, mostly in the form of private transfers and foreign direct investment. Official sector inflows have remained comparatively constant as a share of low-income country GDP and even declined in the most recent years. The paper concludes with some tentative policy conclusions and has a discussion of data issues in the annexes.
Book Synopsis Foreign Direct Investment in a Macroeconomic Framework by : Maxwell J. Fry
Download or read book Foreign Direct Investment in a Macroeconomic Framework written by Maxwell J. Fry and published by World Bank Publications. This book was released on 1993 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does foreign direct investment affect national saving both directly and indirectly through the rate of economic growth? It depends on which countries you're talking about. Pacific Basin countries appear to differ markedly from some other developing countries.
Book Synopsis Capital Account Regimes and the Developing Countries by : Gerald K. Helleiner
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.
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 Managing Capital Flows and Exchange Rates by : Reuven Glick
Download or read book Managing Capital Flows and Exchange Rates written by Reuven Glick and published by Cambridge University Press. This book was released on 1998-06-13 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This is a very timely book that brings the reader to the forefront of current research on macroeconomic policy issues in economies subject to sizable capital flows".--Guillermo A. Calvo, University of Maryland.
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 Capital Flows and Foreign Direct Investments in Emerging Markets by : S. Motamen-Samadian
Download or read book Capital Flows and Foreign Direct Investments in Emerging Markets written by S. Motamen-Samadian and published by Springer. This book was released on 2005-09-20 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the latest findings on the impact of capital flows and foreign direct investments (FDI) on macroeconomic variables and financial development of emerging markets. Each chapter concentrates on a different region and explores the significance of specific factors that can attract FDI to that region. They highlight the importance of political stability, as well as social and economic freedom in attracting FDIs. The studies also show the extent by which African and Middle Eastern countries have lagged behind other emerging markets and the need for urgent adjustment policies.
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 Cornell University Press. This book was released on 2018-09-05 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capital flows to the developing economies have long displayed a boom-and-bust pattern. Rarely has the cycle turned as abruptly as it did in the 1990s, however: surges in lending were followed by the Mexican peso crisis of 1994-95 and the sudden collapse of currencies in Asia in 1997. This volume maps a new and uncertain financial landscape, one 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 policymakers who confront the "mixed blessing" of capital inflows and the international institutions that manage the recurrent crises.The authors—leading economists and political scientists—examine private capital flows and their consequences in Latin America, Pacific Asia, and East Europe, placing current cycles of lending in historical perspective. National governments have used a variety of strategies to deal with capital-account instability. The authors evaluate those responses, prescribe new alternatives, and consider whether the new circumstances require novel international policies.
Book Synopsis The Forgotten Deficit by : Ronald L. Danielian
Download or read book The Forgotten Deficit written by Ronald L. Danielian and published by Routledge. This book was released on 2019-07-16 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States is the world's largest debtor nation. An often-overlooked element of the deficit, U.S. capital accounts, is the focus of this critical analysis. The evidence shows that the inflow of foreign money to finance U.S. consumption is going into short- and medium-term, interest-rate-sensitive, liquid instruments. U.S. debt instruments, rather than equities, are the asset of choice. The authors argue that over the long term this trend will adversely affect the U.S. economy, as every citizen ultimately must constrain consumption to pay the financing charges on the enormous debt buildup. Capital costs in the United States must remain several points higher than in the markets of its major trading competitors. Constraints will be imposed on U.S. policymakers as they attempt to maintain the substantial U.S. economic, political, and military presence overseas. Divided into an analysis of direct investment and portfolio capital flows, this book contains specific policy recommendations after each section. The authors examine the effect of capital flows on the composition of the U.S. current account transactions with the rest of the world, the linkage of foreign investments to trade, and the effects of protectionism by the Japanese in direct investments.
Book Synopsis What Factors Appear to Drive Private Capital Flows to Developing Countries? by : Dipak Das Gupta
Download or read book What Factors Appear to Drive Private Capital Flows to Developing Countries? written by Dipak Das Gupta and published by World Bank Publications. This book was released on 2000 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Private portfolio flows to a country tend to rise in response to an increase in the current account deficit, a rise in foreign direct investment flows, higher per capita income, and growth performance. The most important determinant of official lending to a developing country seems to be the external current account balance or a change in international reserves in the country.
Book Synopsis Labor, Capital, and Finance by : Assaf Razin
Download or read book Labor, Capital, and Finance written by Assaf Razin and published by Cambridge University Press. This book was released on 2001-08-27 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: This treatment offers a model of globalization by examining international labor, finance, and capital flows.
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 262 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.
