Narrow search
Showing 1 - 7 of 7
Cover Image
The determinants of China's international portfolio equity allocations
Agarwal, Isha; Gu, Grace Weishi; Prasad, Eswar S. - 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/10012178659
Cover Image
Role reversal in global finance
Prasad, Eswar S. - 2011
I document that emerging markets have cast off their "original sin" their external liabilities are no longer dominated by foreign-currency debt and have instead shifted sharply towards direct investment and portfolio equity. Their external assets are increasingly concentrated in foreign exchange...
Persistent link: https://www.econbiz.de/10009516951
Cover Image
A pragmatic approach to capital account liberalization
Prasad, Eswar S. (contributor);  … - 2008
Cross-country regressions suggest little connection from foreign capital inflows to more rapid economic growth for developing countries and emerging markets. This suggests that the lack of domestic savings is not the primary constraint on growth in these economies, as implicitly assumed in the...
Persistent link: https://www.econbiz.de/10003697367
Cover Image
The coming wave : where do emerging market investors put their money?
Karolyi, G. Andrew; Ng, David Tat-chee; Prasad, Eswar S. - 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/10011347171
Cover Image
Does openness to international financial flows contribute to productivity growth?
Kose, M. Ayhan (contributor); Prasad, Eswar S. (contributor) - 2008
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/10003747653
Cover Image
Income uncertainty and household savings in China
Chamon, Marcos; Liu, Kai; Prasad, Eswar S. - 2010
China's household saving rate has increased markedly since the mid-1990s and the agesaving profile has become U … households, respectively, to raise their saving rates. These two factors account for over half of the increase in China's urban … household savings rate and the U-shaped age-profile of savings. -- China ; household savings ; income uncertainty ; pension …
Persistent link: https://www.econbiz.de/10009304386
Cover Image
Why are saving rates of urban households in China rising?
Chamon, Marcos (contributor); Prasad, Eswar S. (contributor) - 2007
From 1995 to 2005, the average urban household saving rate in China rose by 8 percentage points, to about one quarter …
Persistent link: https://www.econbiz.de/10003586567