Similar Search Results

The Role of Demographics in Precipitating Crises in Financial Institutions

Macunovich, Diane J. - 2009

There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...

Persistent link: https://www.econbiz.de/10013155560

Foreign Capital and Economic Growth

Prasad, Eswar S.; Rajan, Raghuram Govind; Subramanian, … - 2021

We document the recent phenomenon of uphill flows of capital from nonindustrial to industrial countries and analyze whether this pattern of capital flows has hurt growth in nonindustrial economies that export capital. Surprisingly, we find that there is a positive correlation between current...

Persistent link: https://www.econbiz.de/10013316680

Oil Price Shocks, Monetary Policy and Current Account Imbalances within a Currency Union

Baas, Timo - 2018

For more than two decades now, current-account imbalances are a crucial issue in the international policy debate as they threaten the stability of the world economy. More recently, the government debt crisis of the European Union shows that internal current account imbalances inside a currency...

Persistent link: https://www.econbiz.de/10012930946

Has China's Growth Gone from Miracle to Malady?

Prasad, Eswar S. - 2023

China's remarkable run of persistently high growth in recent decades is all the more stunning in light of the country …

Persistent link: https://www.econbiz.de/10014354664

The Determinants of China's International Portfolio Equity Allocations

Agarwal, Isha - 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/10012840445

Aggregate Savings and External Imbalances in China

Yang, Dennis Tao - 2012

Over the last decade, the internal and external macroeconomic imbalances in China have risen to unprecedented levels …. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded …, the accession of China to the World Trade Organization has dramatically amplified the effects of these structural …

Persistent link: https://www.econbiz.de/10013098458

Equipping Immigrants : Migration Flows and Capital Movements

Lange, Fabian; Gollin, Douglas - 2021

Both policy makers and researchers have devoted considerable attention in recent years to the large current account and capital account imbalances among OECD countries. In particular, the size of the United States current account deficit has attracted intense attention and spawned numerous...

Persistent link: https://www.econbiz.de/10013317118

Labor Market Reforms and Current Account Imbalances : Beggar-Thy-Neighbor Policies in a Currency Union?

Baas, Timo - 2014

Member countries of the European Monetary Union (EMU) initiated wide-ranging labor market reforms in the last decade. This process is ongoing as countries that are faced with serious labor market imbalances perceive reforms as the fastest way to restore competitiveness within a currency union....

Persistent link: https://www.econbiz.de/10013046659

Migration, International Trade and Capital Formation : Cause or Effect?

Felbermayr, Gabriel - 2012

In this paper, we provide an overview of the relationship between international migration and international trade as well as capital movements. After taking a brief historical perspective, we first investigate migration flows between two countries in a static, neoclassical context. We allow for...

Persistent link: https://www.econbiz.de/10013098128

The Great Recession of 2008-2009 : Causes, Consequences and Policy Responses

Verick, Sher Singh - 2010

Starting in mid-2007, the global financial crisis quickly metamorphosed from the bursting of the housing bubble in the US to the worst recession the world has witnessed for over six decades. Through an in-depth review of the crisis in terms of the causes, consequences and policy responses, this...

Persistent link: https://www.econbiz.de/10013141781