Showing 1 - 10 of 228
This paper investigates the contagion from Russia to Brazil in late 1998 under two dimensions— players involved and the timing of events. The data does not seem to reflect a compensatory liquidation of assets story by international institutional investors. It does contribute, however, to the...
Persistent link: https://www.econbiz.de/10005825760
There is much speculation regarding a “race for dominance†among financial centers in Asia, arising from the anticipated financial opening up of China. This frame of reference is, to an extent, a predilection that results from a traditional understanding of financial centers as...
Persistent link: https://www.econbiz.de/10011123826
Among emerging market currencies, the RMB holds the most potential to become widely used internationally, due to China‘s large economic size, diversified trade structure and network, macroeconomic stability, and high growth rates - both current and expected. Yet, foreign access to...
Persistent link: https://www.econbiz.de/10011242289
This paper proposes a new definition of Offshore Financial Centers (OFCs) and develops a statistical method to differentiate between OFCs and non-OFCs using data from the Coordinated Portfolio Investment Survey (CPIS), the International Investment Position (IIP), and the balance of payments. The...
Persistent link: https://www.econbiz.de/10005826251
what this turn in the commodity price cycle may imply for output growth in Latin America and the Caribbean. The analysis …
Persistent link: https://www.econbiz.de/10011142049
the Caribbean. Two types of natural disasters are studied –storms and floods– given their prevalence in the region … natural disasters shocks, in a panel of 12 Caribbean countries over a period of 40 years. The results show that both storms …
Persistent link: https://www.econbiz.de/10011142127
Financial sector linkages have increased continuously in the Caribbean with cross border capital flows and financial …
Persistent link: https://www.econbiz.de/10011142194
The Caribbean share of the global tourism market has been declining. This study examines what is driving tourism flows … holiday in the Caribbean is higher than in other beach destinations around the world. These results point to the need for …
Persistent link: https://www.econbiz.de/10011123825
This paper has two objectives. First, it reviews the recent dynamics of global imbalances (both “flow†and “stock†imbalances), with a special focus on the shifting position of Latin America in the global distribution. Second, it examines the cross-country variation in...
Persistent link: https://www.econbiz.de/10011123870
subsidize electricity, as are Central America and the Caribbean. Energy subsidies impose fiscal costs, hurting SOEs …
Persistent link: https://www.econbiz.de/10011242202