Similar Search Results

The Coming Wave : Where Do Emerging Market Investors Put Their Money?

Karolyi, George Andrew - 2015

We examine how emerging market (EM) investors allocate their stock portfolios internationally. Using both country-level and institution-level data, we find that the coming wave of EM investors systematically over- and under-weight their holdings in some target countries. These abnormal foreign...

Persistent link: https://www.econbiz.de/10013013596

Distributional Effects of Macroeconomic Policy Choices in Emerging Market Economies

Prasad, Eswar S. - 2013

Distributional consequences typically receive limited attention in economic models that analyze the effects of monetary and financial sector policies. These consequences deserve more attention since financial markets are incomplete, imperfect, and economic agents' access to them is often...

Persistent link: https://www.econbiz.de/10013072155

Distributional Effects of Monetary Policy in Emerging Market Economies

Prasad, Eswar S. - 2015

We develop a two-sector, heterogeneous-agent model with incomplete financial markets to study the distributional effects and aggregate welfare implications of alternative monetary policy rules in emerging market economies. Relative to inflation targeting, exchange rate management benefits...

Persistent link: https://www.econbiz.de/10013016221

Financial Sector Regulation and Reforms in Emerging Markets : An Overview

Prasad, Eswar S. - 2010

This paper provides an overview of the complex conceptual and practical challenges that emerging market economies face as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest for financial stability with the imperatives of financial...

Persistent link: https://www.econbiz.de/10013136951

Does Openness to International Financial Flows Contribute to Productivity Growth?

Kose, M. Ayhan; Prasad, Eswar S.; Terrones, Marco E. - 2021

Economic theory has identified a number of channels through which openness to international financial flows could raise productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output growth, far less attention has been paid to its...

Persistent link: https://www.econbiz.de/10013325040

Foreign Capital and Economic Growth

Prasad, Eswar S.; Rajan, Raghuram G.; Subramanian, Arvind - 2021

We document the recent phenomenon of uphill flows of capital from nonindustrial to industrial countries and analyze whether this pattern of capital flows has hurt growth in nonindustrial economies that export capital. Surprisingly, we find that there is a positive correlation between current...

Persistent link: https://www.econbiz.de/10013316680

Has China's Growth Gone from Miracle to Malady?

Prasad, Eswar S. - 2023

China's remarkable run of persistently high growth in recent decades is all the more stunning in light of the country …

Persistent link: https://www.econbiz.de/10014354664

The Determinants of China's International Portfolio Equity Allocations

Agarwal, Isha - 2020

We analyze shifts in the structure of China's capital outflows over the past decade. The composition of gross outflows … enormous pool of domestic savings could have a significant impact on global financial markets as China continues to open up its … foreign portfolio allocations, Chinese IIs overweight sectors in which China has a comparative disadvantage. Moreover, Chinese …

Persistent link: https://www.econbiz.de/10012840445

Modernizing China's Growth Paradigm

Prasad, Eswar S. - 2007

China has achieved tremendous economic progress in the last three decades, but there is much work to be done to make … in striking the right balance in terms of speed and coordination of reforms. We argue that China's current stage of …

Persistent link: https://www.econbiz.de/10012778329

The Renminbi's Role in the Global Monetary System

Prasad, Eswar S. - 2012

changes for the balance and sustainability of China's own economic development as well as the associated implications for the … global monetary system. While China is actively promoting the internationalization of its currency, it is a long way from … attaining full convertibility or meeting other prerequisites for achieving reserve currency status. Ultimately, China will …

Persistent link: https://www.econbiz.de/10013110844