Regional Pull Vs Global Push Factors 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 Regional Pull Vs Global Push Factors PDF full book. Access full book title Regional Pull Vs Global Push Factors.

Push Factors and Capital Flows to Emerging Markets

Push Factors and Capital Flows to Emerging Markets
Author: Mr.Eugenio Cerutti
Publisher: International Monetary Fund
Total Pages: 43
Release: 2015-06-22
Genre: Business & Economics
ISBN: 1513526634

Download Push Factors and Capital Flows to Emerging Markets Book in PDF, ePub and Kindle

This paper analyzes the behavior of gross capital inflows across 34 emerging markets (EMs). We first confirm that aggregate inflows to EMs co-move considerably. We then report three findings: (i) the aggregate co-movement conceals significant heterogeneity across asset types as only bank-related and portfolio bond and equity inflows do co-move; (ii) while global push factors in advanced economies mostly explain the common dynamics, their relative importance varies by type of flow; and (iii) the sensitivity to common dynamics varies significantly across borrower countries, with market structure characteristics (especially the composition of the foreign investor base and the level of liquidity) rather than borrower country’s institutional fundamentals strongly affecting sensitivities. Countries relying more on international funds and global banks are found to be more sensitive to push factors. Our findings suggest that EMs need to closely monitor their lenders and investors to assess their inflow exposures to global push factors.


Surges

Surges
Author: Mr.Atish R. Ghosh
Publisher: International Monetary Fund
Total Pages: 43
Release: 2012-01-01
Genre: Business & Economics
ISBN: 1463942303

Download Surges Book in PDF, ePub and Kindle

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.


The Dynamics of International Student Circulation in a Global Context

The Dynamics of International Student Circulation in a Global Context
Author:
Publisher: BRILL
Total Pages: 280
Release: 2008-01-01
Genre: Education
ISBN: 9460911463

Download The Dynamics of International Student Circulation in a Global Context Book in PDF, ePub and Kindle

This study has been undertaken by five scholars from different parts of the world in the context of the 2005-2006 New Century Scholars Programme 'Higher Education in the Twenty- First Century', of the Fulbright Programme.


Bilateral Capital Flows

Bilateral Capital Flows
Author: Rogelio Mercado
Publisher:
Total Pages: 41
Release: 2018
Genre:
ISBN:

Download Bilateral Capital Flows Book in PDF, ePub and Kindle

Using bilateral capital flows data from 10 advanced reporting economies -- with over 186 bilateral country pairs -- for 2000 to 2016, this paper provides strong evidence on the significance of gravity factors, including distance and bilateral trade ties, in explaining cross-border financial asset flows. This finding is new to the capital flows literature that consider push and pull factors. In addition, this study offers new evidence of regional contagion as bilateral capital flows decrease more for country pairs with closer geographic proximity (or with less information frictions) than those that are farther apart when global risk aversion rises. These findings have policy implications on the importance of information frictions, bilateral trade ties, and regional cooperation on bilateral financial asset flows.


European Migration

European Migration
Author: Klaus F. Zimmermann
Publisher: OUP Oxford
Total Pages: 676
Release: 2005-03-24
Genre: Business & Economics
ISBN: 9780191555237

Download European Migration Book in PDF, ePub and Kindle

Developed countries, especially in Europe, face a number of issue related to migration: social and economic disruptions caused by the declining demand for unskilled labour and resulting unemployment, a shortage of skilled labour in many professions, increasing international competition for highly qualified human capital, radical demographic changes, and the forthcoming expansion of the European Union, which will trigger further immigration into major European countries and create new market opportunities in Central and Eastern Europe. This suggests a need for a deeper knowledge of the causes and consequences of increased labour mobility. This is especially important when it is associated with tension and fears among native populations. This book brings together analyses of migration issues in major European countries, and compares evidence with more countries that have traditionally seen the most immigration. First, it studies migration streams since World War II, and reviews major migration policy regimes. Second, it summarizes the empirical evidence measuring wages, unemployment, and occupational choices. Third, it investigates how migrants affects the labour markets of their host countries, and evaluates econometric studies into the wage and employment consequences of immigration. Surprisingly, there is wide evidence that immigration is largely beneficial for receiving countries. There might be phases of adjustment, but there is no convincing evidence that natives' wages are depressed or unemployment increases as a consequence of migrant inflow. However, there is a growing impression that migration does serve less and less the needs of the labour market. This suggests a stronger focus on economic channels of immigration, for which the book provides a conceptual basis and the required empirical facts and institutional background.


Changing Urban and Regional Relations in a Globalizing World

Changing Urban and Regional Relations in a Globalizing World
Author: Kathy Pain
Publisher: Edward Elgar Publishing
Total Pages: 261
Release: 2014-02-28
Genre: Business & Economics
ISBN: 1782544658

Download Changing Urban and Regional Relations in a Globalizing World Book in PDF, ePub and Kindle

In this important book, Kathy Pain and Gilles Van Hamme bring together a prestigious group of contributors to provide a systematic assessment of the dynamic, multi-scale network restructuring and spaces of flows associated with globalization that have


2013 Spillover Report - Analytical Underpinnings and Other Background

2013 Spillover Report - Analytical Underpinnings and Other Background
Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
Total Pages: 171
Release: 2013-07-03
Genre: Business & Economics
ISBN: 1498341543

Download 2013 Spillover Report - Analytical Underpinnings and Other Background Book in PDF, ePub and Kindle

High uncertainty in general, and high policy uncertainty more specifically, can have important impact on global investment and output growth. Much of the recent policy uncertainty emanated from the United States and Europe—the world’s two largest economies. Spillovers from policy uncertainty can occur through several channels. Trade can be affected if increased policy uncertainty adversely affects economic activity and import demand in the United States and Europe. Policy uncertainty could also raise global risk aversion, resulting in sharp corrections in financial markets and capital outflows from emerging markets. This background note attempts to quantify the impact of U.S. and European policy uncertainty on other regions. Specifically, it addresses the following questions: What do we mean by policy uncertainty? How well can we measure it? How has policy uncertainty in the United States and Europe evolved during the past several decades? And how large are the spillovers to economic activity in other regions? The analysis suggests that sharp increases in U.S. and European policy uncertainty in the past have temporarily lowered investment and output in other regions to varying degrees. It also suggests that a marked decrease in policy uncertainty in the United States and Europe in the near term could help boost global investment and output.


The Blackwell Companion to Globalization

The Blackwell Companion to Globalization
Author: George Ritzer
Publisher: John Wiley & Sons
Total Pages: 754
Release: 2016-09-26
Genre: Political Science
ISBN: 1119250722

Download The Blackwell Companion to Globalization Book in PDF, ePub and Kindle

This companion features original essays on the complexity of globalization and its diverse and sometimes conflicting effects. Written by top scholars in the field, it offers a nuanced and detailed examination of globalization that includes both positive and critical evaluations. Introduces the major players, theories, and methodologies Explores the major areas of impact, including the environment, cities, outsourcing, consumerism, global media, politics, religion, and public health Addresses the foremost concerns of global inequality, corruption, international terrorism, war, and the future of globalization Wide-ranging and comprehensive, an excellent text for undergraduate and graduate students in a range of disciplines


Understanding World Regional Geography

Understanding World Regional Geography
Author: Erin H. Fouberg
Publisher: John Wiley & Sons
Total Pages: 541
Release: 2017-12-27
Genre: Science
ISBN: 1119393833

Download Understanding World Regional Geography Book in PDF, ePub and Kindle

Understanding World Regional Geography (UWRG) is a course designed to teach students to think and apply geographic concepts long after the course is over. Author Erin Fouberg draws from her expertise in geography education and research in student learning to create a product that has a strong pedagogical framework designed to engage students and deepen their understanding of the world by having them “DO” Geography. UWRG includes features that help students learn to read cultural and physical landscapes, ask geographic questions, apply geographic concepts, and make connections. It integrates 25 threshold concepts and teaches students how geographers apply these concepts and asks them to apply these concepts themselves. This enables them to grasp the complexities of the world and provides them with the knowledge and thinking skills necessary to understanding it. UWRG is the first introductory course to integrate ESRI ArcGIS Online thematic maps, enabling students to engage with course materials, see patterns, and answer geographic questions.