Do Capital Flows Reflect Economic Fundamentals In Developing Countries PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Do Capital Flows Reflect Economic Fundamentals In Developing Countries PDF full book. Access full book title Do Capital Flows Reflect Economic Fundamentals In Developing Countries.
| 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 | : Atish R. Ghosh |
| Publisher | : |
| Total Pages | : 23 |
| Release | : 1993 |
| Genre | : Capital movements |
| ISBN | : |
Download Do Capital Flows Reflect Economic Fundamentals in Deveping Countries Book in PDF, ePub and Kindle
| 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 | : 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 | : Swarnali Ahmed Hannan |
| Publisher | : International Monetary Fund |
| Total Pages | : 22 |
| Release | : 2018-09-28 |
| Genre | : Business & Economics |
| ISBN | : 1484378288 |
Download Revisiting the Determinants of Capital Flows to Emerging Markets--A Survey of the Evolving Literature Book in PDF, ePub and Kindle
This paper documents the evolution of gross and net capital flows to emerging market economies and surveys the large literature on the potential drivers. While the capital flow landscape has been shaped by the evolution of both global and country-specific factors, the relative importance of these factors has varied over time and differs depending on the type of capital flows. The findings from the survey of the literature thus underscores the importance of policies in both source and recipient countries in shaping capital flows.
| Author | : Gerald K. Helleiner |
| Publisher | : Commonwealth Secretariat |
| Total Pages | : 44 |
| Release | : 1998 |
| Genre | : Business & Economics |
| ISBN | : 9780850925395 |
Download Private Capital Flows and Development Book in PDF, ePub and Kindle
This paper considers the new forms and roles of private capital flows to developing countries in the 1990s and appropriate national and international policy responses to the problems and possibilities they create. Section 2 describes the growth of these flows in the 1990s, their role in development and some of their effects in recipient countries. Section 3 considers alternate capital account policies for developing countries. In section 4 the possibility of improved international arrangements is considered. Section 5 contains recommendations from the previous analysis.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 45 |
| Release | : 2014-06-11 |
| Genre | : Business & Economics |
| ISBN | : 1498342620 |
Download Staff Guidance Note on Macroprudential Policy Book in PDF, ePub and Kindle
This note provides guidance to facilitate the staff’s advice on macroprudential policy in Fund surveillance. It elaborates on the principles set out in the “Key Aspects of Macroprudential Policy,” taking into account the work of international standard setters as well as the evolving country experience with macroprudential policy. The main note is accompanied by supplements offering Detailed Guidance on Instruments and Considerations for Low Income Countries
| 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 | : Showkat Ali |
| Publisher | : Taylor & Francis |
| Total Pages | : 200 |
| Release | : 1998 |
| Genre | : Business & Economics |
| ISBN | : 9780815330738 |
Download Capital Flows, Saving, and Investment in the World Economy Book in PDF, ePub and Kindle
This study examines the major macroeconomic determinants and the structural relationships of current account variability, capital flows, saving and investment in open economies that are linked to the international financial markets. It explores the appropriateness of domestic policy responses (such as money stock growth, government spending, openness criteria, GDP growth) and the size of population or the impact of external shocks (such as exchange rate variability and the terms of trade uncertainty) for determining the domestic saving-investment comovement and capital flows worldwide. This analysis finds that even high positive correlations between national saving and investment rates could naturally arise within a perfect capital mobility framework where domestic policy variability and external shocks are likely to play a significant role for capital inflow.
| Author | : Mr.Timothy D. Lane |
| Publisher | : International Monetary Fund |
| Total Pages | : 116 |
| Release | : 1991-04-15 |
| Genre | : Business & Economics |
| ISBN | : 9781557752055 |
Download Determinants and Systemic Consequences of International Capital Flows Book in PDF, ePub and Kindle
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.
