Capital Flows To Developing Countries PDF Download
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Author | : Alexander Fleming |
Publisher | : |
Total Pages | : 37 |
Release | : 1981 |
Genre | : |
ISBN | : |
Download Private Capital Flows to Developing Countries and Their Determination Book in PDF, ePub and Kindle
Author | : Martin Feldstein |
Publisher | : University of Chicago Press |
Total Pages | : 500 |
Release | : 2007-12-01 |
Genre | : Business & Economics |
ISBN | : 0226241807 |
Download International Capital Flows Book in PDF, ePub and Kindle
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 | : Mr.Thierry Tressel |
Publisher | : International Monetary Fund |
Total Pages | : 46 |
Release | : 2010-10-01 |
Genre | : Business & Economics |
ISBN | : 145520935X |
Download International Capital Flows and Development Book in PDF, ePub and Kindle
Does capital flow from rich to poor countries? We revisit the Lucas paradox and explore the role of capital account restrictions in shaping capital flows at various stages of economic development. We find that, when accounting for the degree of capital account openness, the prediction of the neoclassical theory is confirmed: less developed countries tend to experience net capital inflows and more developed countries tend to experience net capital outflows, conditional of various countries’ characteristics. The findings are driven by foreign direct investment, portfolio equity investment, and to some extent by loans to the private sector.
Author | : Yilmaz Akyüz |
Publisher | : |
Total Pages | : 57 |
Release | : 2000 |
Genre | : Capital movements |
ISBN | : 9789524550710 |
Download Capital Flows to Developing Countries and the Reform of the International Financial System Book in PDF, ePub and Kindle
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 128 |
Release | : 2014-04-23 |
Genre | : |
ISBN | : 9264203508 |
Download Illicit Financial Flows from Developing Countries Measuring OECD Responses Book in PDF, ePub and Kindle
This publication identifies the main areas of weakness and potential areas for action to combat money-laundering, tax evasion, foreign bribery, and to identify, freeze and return stolen assets.
Author | : Mr.Atish R. Ghosh |
Publisher | : International Monetary Fund |
Total Pages | : 46 |
Release | : 1993-04-01 |
Genre | : Business & Economics |
ISBN | : 1451978820 |
Download Do Capital Flows Reflect Economic Fundamentals in Developing Countries? Book in PDF, ePub and Kindle
This paper proposes a methodology for testing whether capital flows to developing countries are determined by economic fundamentals or by purely speculative forces. We use the intertemporal optimizing approach to current account determination as our benchmark for judging the behavior of capital flows. According to this approach, capital flows should act as a buffer to smooth consumption in the face of temporary shocks to national cash flow, defined as output less investment less government expenditures. The results are encouraging. For a large sample of developing countries, economic fundamentals are indeed found to be the most important determinant of capital flows.
Author | : Bernhard Fischer |
Publisher | : OECD Publishing |
Total Pages | : 164 |
Release | : 1993 |
Genre | : Social Science |
ISBN | : |
Download Liberalising Capital Flows in Developing Countries Book in PDF, ePub and Kindle
Author | : Miles Kahler |
Publisher | : Cornell University Press |
Total Pages | : 284 |
Release | : 2018-09-05 |
Genre | : Political Science |
ISBN | : 1501731408 |
Download Capital Flows and Financial Crises Book in PDF, ePub and Kindle
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.
Author | : Sebastian Horn |
Publisher | : International Monetary Fund |
Total Pages | : 49 |
Release | : 2021-09-24 |
Genre | : Business & Economics |
ISBN | : 1513597728 |
Download Opening Up: Capital Flows and Financial Sector Dynamics in Low-Income Developing Countries Book in PDF, ePub and Kindle
Over the past two decades, many low-income developing countries have substantially increased openness towards external financing and have received large capital inflows. Using bank-level micro data, this paper finds that capital inflows have been associated with financial deepening through increases in bank loans, deposits, and wholesale funding. Domestic banks increase loans more than foreign banks. There are only modest signs of a build-up in financial vulnerabilities. Causality is examined through an instrumental variable approach and an augmented inverse-probability weighting estimator. These approaches indicate only limited evidence for global push effects, pointing towards the importance of domestic pull factors.
Author | : Stephany Griffith-Jones |
Publisher | : Palgrave Macmillan |
Total Pages | : 206 |
Release | : 1998 |
Genre | : Business & Economics |
ISBN | : 9780312215620 |
Download Global Capital Flows Book in PDF, ePub and Kindle
Global Capital Flows examines the rapid growth and dramatic changes in capital flows globally and in emerging markets. In the context of relevant economic theory, it analyzes benefits and costs of large and volatile capital flows to developing countries; the latter include damaging currency crises in Mexico and East Asian economies. The book makes innovative proposals on how national governments--and especially--international organizations can best avoid such crises.