Search Results - subject:"FOREIGN CAPITAL"

Growth and Capital Flows with Risky Entrepreneurship

Sandri, Damiano - International Monetary Fund (IMF) - 2010

This paper shows that the behavior of entrepreneurs facing incomplete financial markets and risky investment can explain why growth accelerations in developing countries tend to be associated with current account improvements. The uninsurable risk of losing invested capital forces entrepreneurs...

Persistent link: https://www.econbiz.de/10008519499

Precautionary Reserves; An Application to Bolivia

Valencia, Fabian - International Monetary Fund (IMF) - 2010

Using precautionary savings models we compute levels of optimal reserves for Bolivia. Because of Bolivia's reliance on commodity exports and little integration with capital markets, we focus on current account shocks as the key balance of payments risk. These models generate an optimal level of...

Persistent link: https://www.econbiz.de/10008519504

The Structural Manifestation of the `Dutch Diseaseâ€™; The Case of Oil Exporting Countries

Ismail, Kareem - International Monetary Fund (IMF) - 2010

This study derives structural implications of the Dutch disease in oil-exporting countries due to permanent oil price shocks from a typical model. We then test these implications in manufacturing sector data across a wide group of countries including oil-exporters covering 1977 to 2004. The...

Persistent link: https://www.econbiz.de/10008533224

The Global Credit Crunch and Foreign Banks' Lending to Emerging Markets; Why Did Latin America Fare Better?

Rai, Kulwant; Kamil, Herman - International Monetary Fund (IMF) - 2010

The recent global financial turmoil raised questions about the stability of foreign banks' financing to emerging market countries. While foreign banks' lending growth to most emerging market regions contracted sharply, lending to Latin America and the Caribbean (LAC) was significantly more...

Persistent link: https://www.econbiz.de/10008533226

Determinants of Investment Grade Status in Emerging Markets

Jaramillo, Laura - International Monetary Fund (IMF) - 2010

Emerging market countries seek investment grade status to lower financing costs for the sovereign, expand the pool of potential investors to institutional investors, and allow corporates the possibility of reducing their borrowing costs. Using a random effects binomial logit model on a sample of...

Persistent link: https://www.econbiz.de/10008533229

Foreign-funded Enterprises in China: Social Responsibility and Commitment

Wu, Hang; Liu, Hang - In: Transnational Corporations Review 2 (2010) 4, pp. 39-50

some international capital enterprises liability accident - the social responsibility of foreign capital enterprises has … foreign capital enterprises in China is not inferior to domestic firms. At the national level, foreign investment scale … requires the government to treat foreign capital enterprise and domestic firms equally and exerts the first-mover advantage of …

Persistent link: https://www.econbiz.de/10010593245

The Credit Boom in the EU New Member States; Bad Luck or Bad Policies?

International Monetary Fund (IMF); International … - 2010

In the past decade, most of the EU New Member States experienced a severe credit-boom bust cycle. This paper argues that the credit boom-bust cycle was to a large extent the result of factors external to the region (â€œbad luckâ€). Rapid credit growth followed from a high liquidity in...

Persistent link: https://www.econbiz.de/10008560433

Sovereign Default Risk and Private Sector Access to Capital in Emerging Markets

Das, Udaibir S.; Papaioannou, Michael G.; Trebesch, … - International Monetary Fund (IMF) - 2010

Top down spillovers of sovereign default risk can have serious consequences for the private sector in emerging markets. This paper analyzes the effects of these spillovers using firm-level data from 31 emerging market economies. We assess how sovereign risk affects corporate access to...

Persistent link: https://www.econbiz.de/10008561075

Foreign Direct Investment, Child Labour and Unemployment of Unskilled Labour in a Dual Economy

Chaudhuri, Sarbajit - Volkswirtschaftliche Fakultät, … - 2010

of foreign capital might produce favourable effect on the incidence of child labour in a small open dual economy. The …

Persistent link: https://www.econbiz.de/10008596424

Fiscal Deficits, Public Debt, and Sovereign Bond Yields

Kumar, Manmohan S.; Baldacci, Emanuele - International Monetary Fund (IMF) - 2010

The recent sharp increase in fiscal deficits and government debt in many countries raises questions regarding their impact on long-term sovereign bond yields. While economic theory suggests that this impact is likely to be adverse, empirical results have been less clear cut, have generally...

Persistent link: https://www.econbiz.de/10008646420