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India's approach to capital account liberalization

Prasad, Eswar S. (contributor) - 2009

In this paper, I analyze India's approach to capital account liberalization through the lens of the new literature on financial globalization. India's authorities have taken a cautious and calibrated path to capital account opening, which has served the economy well in terms of reducing its...

Persistent link: https://www.econbiz.de/10003794018

Capital account policies, IMF programs and growth in developing regions

Bicaba, Zorobabel; Brixiova, Zuzana; Ncube, Mthuli - 2015

This paper develops an adaptive learning model under uncertainty that examines evolution of capital account polices over time and across developing regions. In the framework, countries' past experiences and IMF programs influence policymakers' beliefs about the impact of capital account...

Persistent link: https://www.econbiz.de/10010469677

Financial globalization and economic policies

Kose, M. Ayhan; Prasad, Eswar S.; Rogoff, Kenneth S.; … - 2009

We review the large literature on various economic policies that could help developing economies effectively manage the process of financial globalization. Our central findings indicate that policies promoting financial sector development, institutional quality and trade openness appear to help...

Persistent link: https://www.econbiz.de/10003816538

Thresholds in the process of international financial integration

Kose, M. Ayhan; Prasad, Eswar S.; Taylor, Ashley D. - 2009

The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....

Persistent link: https://www.econbiz.de/10003831857

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 has shifted from accumulation of foreign exchange reserves by the central bank to nonofficial outflows. Unlocking the enormous pool of domestic savings could have a significant...

Persistent link: https://www.econbiz.de/10012178659

Financial liberalization and the relationship-specificity of exports

Defever, Fabrice; Südekum, Jens - 2013

We investigate the causal impact of equity market liberalizations in the period 1980-1997 on sectoral export performance across 91 countries. The increased availability of external finance has boosted trade of industries that intensively use relationship-specific inputs, and lowered exports of...

Persistent link: https://www.econbiz.de/10009765529

Financial liberalization and remittances : recent longitudinal evidence

Bang, James T.; Mitra, Aniruddha; Wunnava, Phanindra V. - 2013

This paper investigates the impact of financial liberalization on remittances to 84 countries over five-year intervals from 1990-2005 based on the difference-GMM method of Arellano and Bond (1991). We find that various dimensions of financial reform impact remittances differently. Increased...

Persistent link: https://www.econbiz.de/10009771737

Financial sector regulation and reforms in emerging markets : an overview

Prasad, Eswar S. - 2010

as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest … objectives can in fact reinforce one another. I also discuss aspects of macroeconomic policies and cross-border regulation that … regulation ; financial development ; emerging markets ; financial inclusion …

Persistent link: https://www.econbiz.de/10009153059

On the boundaries of the shadow economy : an empirical investigation

Manes, Eran; Schneider, Friedrich; Tchetchik, Anat - 2016

support to this view. We find that in countries with less stringent job market regulation the long-run impact of Unemployment … faster in countries with looser job-market regulation, compared with countries with stricter regulation. These findings have …

Persistent link: https://www.econbiz.de/10011517459

The welfare effects of globalization with labor market regulation

Palokangas, Tapio K. - 2015

contributions to the latter's decisions. Both a shift from national to international regulation and a decrease in trade costs …

Persistent link: https://www.econbiz.de/10011347148