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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

India's Approach to Capital Account Liberalization

Prasad, Eswar S. - 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 … the key challenge now facing India's policymakers on this front …

Persistent link: https://www.econbiz.de/10012765308

Southern African Economic Integration : Evidence from an Augmented Gravity Model

Warin, Thierry - 2009

This paper investigates the feasibility of creating a common-currency union consisting of 16 countries in Southern Africa. We estimate an augmented-gravity model that includes public deficit, public debt, public expenditure, inflation, and the foreign reserves position. We also integrate...

Persistent link: https://www.econbiz.de/10013157533

Do Employment Quotas Explain the Occupational Choices of Disadvantaged Minorities in India?

Howard, Larry L. - 2011

minorities (Scheduled Castes and Scheduled Tribes) in India on their occupational choices, as defined by skill level, during the …

Persistent link: https://www.econbiz.de/10013121736

Got Water? Social Divisions and Access to Public Goods in Rural India

Balasubramaniam, Divya - 2014

We use data for 436 rural districts from the 2001 Census of India to examine whether different aspects of social … divisions help explain the wide variation in access to tap water across rural India. Studies linking social fragmentation to … for access to tap water in rural India. Communities that are heterogeneous in terms of caste (within the majority Hindu …

Persistent link: https://www.econbiz.de/10013067365

Foreign Capital and Economic Growth

Prasad, Eswar S.; Rajan, Raghuram Govind; Subramanian, … - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

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

Persistent link: https://www.econbiz.de/10005861353

Role Reversal in Global Finance

Prasad, Eswar S. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011

I document that emerging markets have cast off their “original sin” – their external liabilitiesare no longer dominated by foreign-currency debt and have instead shifted sharply towardsdirect investment and portfolio equity. Their external assets are increasingly concentrated inforeign...

Persistent link: https://www.econbiz.de/10009522212

Role Reversal in Global Finance

Prasad, Eswar S. - 2011

I document that emerging markets have cast off their "original sin" – their external liabilities are no longer dominated by foreign-currency debt and have instead shifted sharply towards direct investment and portfolio equity. Their external assets are increasingly concentrated in foreign...

Persistent link: https://www.econbiz.de/10013119287

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

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's low levels of financial and institutional development, state-dominated economy, and nondemocratic government. Notwithstanding the inefficient and risky growth model, the...

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