Showing 1 - 10 of 311
Persistent link: https://www.econbiz.de/10012796736
This study examines the drivers of growth in Asian countries, with focus on the role of investment, the exchange rate … evidence is found that reduced financial risk and higher foreign direct investment support growth. The exchange rate regime …
Persistent link: https://www.econbiz.de/10011373932
reducing the financing available for domestic investment. Panel data regressions suggest a positive, short-term relationship … between net capital inflows and investment during the period before 1997 in five Asian countries once real net capital flows … are netted out from real flows of private bank credit. In addition, net real private inflows and real private investment …
Persistent link: https://www.econbiz.de/10014399819
This paper calculates the levels of optimal national saving, investment, and the current account balance for five Asian …
Persistent link: https://www.econbiz.de/10014399958
This paper studies the economic costs of hurricanes in the Caribbean by constructing a novel dataset that combines a detailed record of tropical cyclones' characteristics with reported damages. I estimate the relation between hurricane wind speeds and damages in the Caribbean; finding that the...
Persistent link: https://www.econbiz.de/10011715466
This paper studies the effect of demographic change on national saving, global interest rates, and international capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations model to illustrate the channels through which demographic...
Persistent link: https://www.econbiz.de/10011978553
We analyze the impact of trade policy uncertainty on investment in the euro area. Our identification strategy assumes … that countries that are relatively more dependent on global trade networks exhibit a higher sensitivity of investment with … respect to trade uncertainty. We find that the investment-to-GDP ratio is on average 0.8 percentage points lower for five …
Persistent link: https://www.econbiz.de/10011978678
Asia proved to be remarkably resilient in the face of the global financial crisis, but why was its output performance … vulnerabilities—contributed significantly to Asia’s resilience. Key pre-crisis factors included moderate credit expansion, reliance on … financial crisis. Looking ahead, Asia is in the process of adjusting to more volatile external conditions and higher risk …
Persistent link: https://www.econbiz.de/10014411153
Stock markets play a key role in corporate financing in Asia. However, despite their increasing importance in terms of … size and cross-border investment activity, the region’s markets are reputed to be more “idiosyncratic” and less reliant on … theory, as well as accounting literature, we find evidence of greater idiosyncratic influences in the pricing of Asia’s stock …
Persistent link: https://www.econbiz.de/10014411156
investment in emerging Asia. Strengthening the financial ties within the region as well as with the global financial markets … emerging Asia. Finally, financial deepening could help ease the potential overheating from scaling up infrastructure investment …There is a role for Asia’s financial sector to play to address the challenges associated with the region’s changing …
Persistent link: https://www.econbiz.de/10014411491